skip to log on skip to main content
VoiceOver users please use the tab key when navigating expanded menus
Article related to:


Outlook 24: in real time

Managing Director, Transaction Banking, ANZ

2024-02-02 00:00

The time for real time is now. At ANZ, we’re expecting to see a significant increase in the uptake of real-time payments across the region in 2024, one that could create opportunities for improved customer experience, liquidity management and process efficiencies across the economy.

It’s been several years since the New Payments Platform’s real-time payments infrastructure launched in Australia, and we’re finally starting to see genuine propositions come to life. One of those propositions is PayTo Biller, a capability which ANZ is the first Australian bank to offer, to help a customer initiate a payment on in late 2023.

It will be interesting to see how institutional, corporate and commercial businesses increase their engagement in the real-time economy in 2024 as innovation of this type continues to develop. 


A key factor to watch in 2024 is how regulatory and industry bodies continue to support the digital transition. At ANZ, we’ve been working on a real-time plan to support our customers, and like many others in the sector are eager to align with the formal road map, particularly now policymakers have signalled we are in a transition phase.

Through this transition, businesses will need to think more about real-time data ingestion, real-time payment collection and real-time payment initiation.

They will also need to think about the impact of generative AI. Over the past 12 months, the use of tools like ChatGPT has moved from conversations about possibility to seeing exciting use cases where digital assistants are helping all kinds of industries.

ANZ sees a great opportunity to adopt this technology to support our teams in becoming more efficient and productive. We have identified a list of key opportunities we’ll pursue this year and this is a space moving quickly. Like all new technologies, Generative AI of course carries some risk, so we are being extremely prudent and operating within our standard risk processes. 

After a transformative 2023 across markets and the economy, businesses in the Asia-Pacific region are facing in to the challenges and opportunities of 2024.

The ongoing speed of digitisation, shifting supply chains, and continued geopolitical uncertainty will all play a role in the macroeconomic environment. 

Over the coming weeks, ANZ Institutional will bring you select insights from our broad range of subject-matter experts, helping your business better prepare for 2024 and beyond.


Finally, conditions in 2024 will put more importance on the basics of doing business; a greater focus on working capital and liquidity management. In a high-inflation environment, efficiency in these disciplines has never been so important.

At ANZ, we’re actively engaging with our customers to help them with the real-time transition, and are excited for the opportunities we think this will bring in 2024.

Lisa Vasic is Managing Director, Transaction Banking at ANZ

Outlook 24: in real time
Lisa Vasic
Managing Director, Transaction Banking, ANZ
Sign up
Icon of ANZ logo coming out of an envelope

Receive insights direct to your inbox


Related articles

This publication is published by Australia and New Zealand Banking Group Limited ABN 11 005 357 522 (“ANZBGL”) in Australia. This publication is intended as thought-leadership material. It is not published with the intention of providing any direct or indirect recommendations relating to any financial product, asset class or trading strategy. The information in this publication is not intended to influence any person to make a decision in relation to a financial product or class of financial products. It is general in nature and does not take account of the circumstances of any individual or class of individuals. Nothing in this publication constitutes a recommendation, solicitation or offer by ANZBGL or its branches or subsidiaries (collectively “ANZ”) to you to acquire a product or service, or an offer by ANZ to provide you with other products or services. All information contained in this publication is based on information available at the time of publication. While this publication has been prepared in good faith, no representation, warranty, assurance or undertaking is or will be made, and no responsibility or liability is or will be accepted by ANZ in relation to the accuracy or completeness of this publication or the use of information contained in this publication. ANZ does not provide any financial, investment, legal or taxation advice in connection with this publication.