Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Cooperative Business Approach Delivers Again

13 May 2014
FOR IMMEDIATE RELEASE

Cooperative Business Approach Delivers Again

The real life application of a cooperative business model is helping New Zealand’s credit unions keep up with, and even be ahead of the pack, in what is a sophisticated and very competitive financial services market.

By working together, the locally owned credit unions and building societies that form the membership of the New Zealand Association of Credit Unions (NZACU), are proving the value of this growing business trend and this week launch their new mobile banking app AccessMobile, which is one of the first to be available on Apple iPad, as well as iPhone and Android phones and tablets.

“Creating a mobile app is an expensive business” said NZACU Chief Information Officer, Deane Johns. “However, by creating scale and working cooperatively, we’ve rolled out a new state of the art mobile banking app to our Member credit unions with 11 different brand ‘skins’, enabling them to deliver a personalised product to their customers who are owners of their cooperative credit union.”
The industry leading, AccessMobile app is fully functional and even allows the user to set up automatic payments.

“Unlike many on the market, it also has specific modes for mobile versus tablet so that it maximises the screen real estate for each device, and isn’t just a scaled up version on the larger screens” said Mr Johns.

The further illustration of partnerships was demonstrated with speed to market, assisted by NZACU’s joint venture partner Finzsoft Solutions.
The release of the Mobile Banking App comes on the heels of NZACU’s launch last year of a collective Anti-Money Laundering (AML) solution for its Members, and a MasterCard® AccessDebit card, one of the first debit cards in the New Zealand market to feature the convenient ‘Tap & Go’ functionality.

NZACU Chief Executive, Henry Lynch, says that this kind of cooperative business fits naturally with the credit union ethos of ‘people helping people’, and is at the core origins of where credit unions began.

“In today’s highly regulated and technically sophisticated banking industry, keeping at the forefront is challenging even for the big guys who are all competing against each other” said Mr Lynch. “By banding together, our Members are creating cooperative buying power that allows all credit unions to punch well above their weight in terms of their market offering”

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

SOE Results: TVNZ Lifts Annual Profit 25% On Flat Ad Revenue, Quits Igloo

Television New Zealand, the state-owned broadcaster, lifted annual profit 25 percent, ahead of forecast and despite a dip in advertising revenue, while quitting its stake in the pay-TV Igloo joint venture with Sky Network Television. More>>

ALSO:

Insurers Up For More Payouts: Chch Property Investor Wins Policy Appeal In Supreme Court

Ridgecrest NZ, a property investor, has won an appeal in the Supreme Court over insurance cover provided by IAG New Zealand for a Christchurch building damaged in four successive earthquakes. More>>

ALSO:

Other Cases:

Royal Society: Review Finds Community Water Fluoridation Safe And Effective

A review of the scientific evidence for and against the efficacy and safety of fluoridation of public water supplies has found that the levels of fluoridation used in New Zealand create no health risks and provide protection against tooth decay. More>>

ALSO:

Scoop Business: Croxley Calls Time On NZ Production In Face Of Cheap Imports

Croxley Stationery, whose stationery brands include Olympic, Warwick and Collins, plans to cease manufacturing in New Zealand because it has struggled to compete with lower-cost imports in a market where the printed word is giving way to electronic communications. More>>

ALSO:

Prefu Roundup: Forecasts Revised, Surplus Intact

The National government heads into the election with its Budget surplus target broadly intact, delivering a set of economic and fiscal forecasts marginally revised from May to reflect weaker commodity prices and a lower tax take. More>>

ALSO:

Convention Centre: Major New SkyCity Hotel And Laneway For Auckland

Today SKYCITY Entertainment Group Limited revealed plans to build a new hotel and pedestrian laneway of bars, restaurants and boutique shopping on land it owns in the Nelson and Hobson Streets block, expanding the SKYCITY Entertainment Precinct. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news