Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED

(ANZ)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Goldman Sachs invests in HSBC-backed fintech app Bud

02/04/2019 | 02:46am EDT
FILE PHOTO: The ticker symbol and logo for Goldman Sachs is displayed on a screen on the floor at the NYSE in New York

LONDON (Reuters) - Goldman Sachs is among the investors in a $20 million fundraising for financial technology firm Bud, the two companies said on Monday, the latest in a series of investments by big global banks seeking to partner with fintechs.

Bud, which is already backed by HSBC, is one of a number of upstart firms taking advantage of Britain's new Open Banking rules to try and help users manage their finances better by combining data from multiple banks and service providers.

Recognising the threat posed by nimbler fintechs, big banks are investing in such companies in an effort to pair their respective strengths.

Fintech companies such as Bud have moved quickly to try to capitalize on the new rules designed to promote competition and make it easier for users to see all their financial products in one place. But traditional banks still have many more customers.

Other investors in the latest round of fundraising by Bud include Australia's ANZ, South Africa's Investec and Spain's Banco Sabadell.

Bud said it would use the $20 million investment to help to double its staff numbers from the current 62, and to expand into new markets.

(Reporting By Lawrence White. Editing by Jane Merriman)


ę Reuters 2019
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 0.58% 2712.6 Delayed Quote.53.89%
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED -0.71% 28.01 End-of-day quote.23.39%
BANCO DE SABADELL, S.A. 1.23% 0.5942 Delayed Quote.67.85%
DOW JONES AFRICA TITANS 50 INDEX 0.04% 526.83 Delayed Quote.-0.45%
DOW JONES SOUTH AFRICA(ZAR) 0.00% 1897.45 Delayed Quote.8.39%
HSBC HOLDINGS PLC 0.49% 398.25 Delayed Quote.5.07%
INVESTEC GROUP 2.51% 55.18 End-of-day quote.50.60%
INVESTEC PLC 2.92% 285.6 Delayed Quote.52.48%
S&P AFRICA 40 INDEX 0.00% 171.58 Delayed Quote.-1.16%
THE GOLDMAN SACHS GROUP, INC. 0.57% 380.36 Delayed Quote.44.23%
All news about AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED
08/03AUSTRALIA AND NEW ZEALAND BANKING : Update - Notification of buy-back - ANZ
PU
08/03Australia shares track Wall Street higher, miners boost
RE
08/03AUSTRALIA AND NEW ZEALAND BANKING : Christine O'Reilly to join the ANZ Board
PU
08/03ANZ JOB ADS : small decline in July but no nosedive
PU
08/03AUSTRALIA AND NEW ZEALAND BANKING : Consumer confidence on the rise
PU
08/03AUSTRALIA AND NEW ZEALAND BANKING : ANZ launches Sustainability-Linked Derivativ..
PU
08/02Australia, NZ dlrs softer as sentiment blunted by China's regulatory crackdow..
RE
08/01AUSTRALIA AND NEW ZEALAND BANKING : ANZ partners with Australian Government to s..
PU
07/29NATIONAL AUSTRALIA BANK : to launch $1.9 bln share buyback
RE
07/29AERIS RESOURCES : Now debt free
AQ
More news
Financials
Sales 2021 17 506 M 12 960 M 12 960 M
Net income 2021 6 022 M 4 458 M 4 458 M
Net Debt 2021 - - -
P/E ratio 2021 13,7x
Yield 2021 4,96%
Capitalization 79 180 M 58 427 M 58 617 M
Capi. / Sales 2021 4,52x
Capi. / Sales 2022 4,36x
Nbr of Employees 37 844
Free-Float -
Chart AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED
Duration : Period :
Australia and New Zealand Banking Group Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 28,01 AUD
Average target price 29,92 AUD
Spread / Average Target 6,83%
EPS Revisions
Managers and Directors
Shayne Cary Elliott Chief Executive Officer & Executive Director
Shane Buggle Chief Financial Officer
Paul Dominic O'Sullivan Chairman
Gerard Florian Group Executive-Technology
Michael Liarakos Chief Compliance Officer