ANZ has signed a five-year AU$450 million agreement with IBM with the aim to improve its branch, digital, and mobile capabilities to support its regional expansion.
Under the agreement, ANZ will have access to IBM's software portfolio, cloud development capabilities, and core systems infrastructure.
The agreement will also see the two firms co-invest in an Innovation Lab, which will be powered by IBM's cloud development platform-as-as-service, Bluemix. ANZ will use Bluemix to develop, build, test, and deploy new applications to market faster.
Additionally, IBM will deploy its z13 mainframe and Power8 infrastructure as part of ANZ's private cloud environment to ensure the bank's systems are mobile ready.
ANZ chief information officer Scott Collary said the integration of IBM's content management, data, analytics, and cloud software will support the bank's core banking and infrastructure needs.
"Understanding our customers' needs and preferences around mobile and digital banking is critical to our business and to providing a superior customer experience. We therefore need to ensure we're meeting these needs in an innovative, consistent and seamless way and with this partnership with IBM, we're working to achieve this goal."
In May, ANZ reported that it was continuing to undertake an enterprise-wide approach to its technology investments, such as simplifying its banking processes, which helped deliver positive results for the first half of the 2015 financial year. The company reported a statutory profit after tax of AU$3.5 billion, up 3 percent from the corresponding half in FY14.
At the time, ANZ also reported total technology infrastructure spend of AU$437 million, down 10 percent from the AU$483 million that was spent during the corresponding half last year.