From Yahoo Finance: 2025-06-19 09:48:00

ANZ Bank has extended its contract with Knosys for an additional year, valued at over $1.9m. The bank is negotiating a new three-year agreement which may include a migration to Knosys’ cloud-based service. This renewal ensures the continued operation of Knosys’ Knowledge Management system within ANZ Bank.

Knosys and ANZ are collaborating on integrating an AI assistant into the bank’s knowledge management portal. In 2020, ANZ Bank New Zealand entered a contract with Knosys to comply with regulations, involving the migration of data to Knosys’ system. Knosys managing director highlighted the long-standing relationship with ANZ and the potential for AI enhancements.

ANZ recently announced plans to introduce password-less web banking on its ANZ Plus digital platform, a first for an Australian bank. “ANZ renews Knosys contract and seeks cloud migration” was reported by Retail Banker International. The information provided is for general informational purposes only, and professional advice should be sought before taking any action based on the content.

Read more: ANZ renews Knosys contract and seeks cloud migration