SIBOS19: machine learning - homines in machina

GRANT: Trade finance is very paper-oriented business and has been for a very long time. I would describe the pace of technology driven change around trade finance as rather modest, certainly over the past couple of decades. "Machine learning is really just a term for something that's been around for years - coding a computer to take certain actions in certain scenarios." However the emergence of blockchain and machine-learning technology has already revolutionised the way we look at trade finance globally, providing us with a unique opportunity to shift gears. Certainly, at ANZ we have meaningful programs of work that leverage those two technology capabilities which impact a material component of our trade-finance business.