ANZ to roll out improved cash management platform
By Wong Siew Ying | Posted: 06 December 2011 1950 hrs
SINGAPORE: The Australia and New Zealand Banking Group (ANZ) intends to roll out an improved cash management platform in the coming months.
The platform is currently being piloted in Singapore and Hong Kong.
ANZ said it includes for example an Internet platform to provide business clients with solutions for their receivables.
The bank said its cash management revenue in Asia Pacific, Europe and America grew by 59 per cent on-year in the 2011 financial year.
ANZ is also planning to build its operations in debt markets, interest rates, foreign exchange and trade finance.
ANZ Singapore said it hopes to play a leading role in sectors like natural resources, infrastructure and agri-business for its institutional banking business.
Its private banking business is also larger, after its acquisition of Royal Bank of Scotland's (RBS) businesses in Singapore and Taiwan last year.
ANZ Singapore said its private bank currently hires about 100 client-facing staff.
- CNA/fa
- wong chee tat :)
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