With competition from the likes of Apple and Google, the payments division of ANZ, which processes upwards of $600B per day, can’t rest on its laurels. Having an esteemed 175+ year history and reputation as APAC’s top institutional and corporate bank is great – but continued success requires a new level of speed and agility. That’s why ANZ’s CEO vowed to “blow up bureaucracy and take the bank agile.” They reorganized their business and technical teams into cross-functional teams: squads and tribes that are each focused on a specific customer need. It soon became clear that the speed of testing was holding them back.
Portfolio Test Director Alex Kyriazis was brought in and given a not-so-simple directive: “Testing is too slow; make it faster.” However, they could not relax their stringent quality standards. “We process about $600B worth of payments a day in a highly regulated environment with strict SLAs,” explained Alex. “If we miss $1 of that $600 billion, we’ve got the regulator on the phone asking why we missed it.“