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Shayne Elliott's revolution at ANZ | afr.com

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Within a year or so, the rangy New Zealander hopes to introduce what could be the most profound change in modern Australian banking – a move away from conventional fixed pricing of deposits and loans (in which most people pay or receive the same interest rate) towards granular “risk-based pricing” in which everyone can in theory capture a unique interest rate depending on their propensities… Risk-based pricing requires massive amounts of historical data coupled with outstanding predictive modelling capabilities

From Shayne Elliott's revolution at ANZ | afr.com

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