Australia's third-largest bank has chosen a finance and performance suite from Wolters Kluwer Financial Services for its global markets division.

ANZ will make use of the suite's centralized data model, cost-tracking and budget management services, and regulatory reporting capabilities that encompass the individual requirements of 50 countries.

"ANZ selected Wolters Kluwer Financial Services as it will provide a flexible solution to further improve regulatory and management reporting in our global business, as well as the cost benefits that will come as it scales this service across more of its customers," said Jack Cornford, ANZ's head of markets finance system, in the release. "A core issue for reporting is the mapping and categorization of the organization's data to the many different reports required by the various regulators and other stakeholders. With this solution, core mapping is done once by Wolters Kluwer Financial Services, saving us and their other customers the time required to duplicate this high risk and high cost exercise."