Australia and New Zealand Banking Group (ANZ) has announced that
it will be spending $100m to improve the functionality of its
online platform.

The revamp of the bank’s online offering is an aggressive
initiative to create and generate more online sales, the bank
said.

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ANZ’s Chief executive Mike Smith has mentioned upgrading the
online platform since he came into the office in 2007.

The revamp is now expected to begin this year and may last up to
three years, the bank said.

ANZ also announced that it will target growth in the high net
worth client segment.

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