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

 


Samsung and Westpac NZ sign collaboration agreemen

Samsung and Westpac NZ sign collaboration agreement to develop digital banking innovation

Westpac New Zealand and Samsung Electronics New Zealand have signed a strategic collaboration agreement to develop world leading digital banking innovations.

This is the first agreement of its type in New Zealand that the global electronics company has signed for delivery of financial banking services. Under the agreement the two companies will share knowledge and collaborate on industry leading innovations and technology solutions to help make banking easier and faster for Westpac customers. Those innovations will be available on select Samsung smart devices in New Zealand and may include smartphones, tablets, smart watches and Smart TVs.

Under the agreement Samsung will give Westpac early access to its industry leading smart devices. This means the bank can work with Samsung in developing financial applications and services that will be ready when the device is available for purchase, as it did with the Galaxy S5 smartphone and finger scanner.

This also benefits Westpac’s digital strategy based around a new central internet banking platform that is fully responsive and allows customers to use smart devices to do their mobile banking.

Managing Director of Samsung New Zealand, Kenny Yeon, said the two companies shared a common approach in developing and delivering world-leading innovation that resonates at a local country level for its customers.

“Westpac New Zealand has an innovative road-map and digital strategy that we believe will enable it to develop market-leading technologies. As leaders in our respective fields, we understand the value of working together to ensure the global resources we put into research and development, will work for our New Zealand customers.

“Kiwis are renowned for being early adopters of technology. By providing Westpac with advance access to our smart devices and working together to develop customised content, applications and services, we can help our New Zealand customers to stay on top of their finances in a safe, secure and convenient way when on-the-move.”

As of February this year, Samsung had sold more than 200 million units of its Galaxy smartphone range globally. Westpac currently has more than eight million visits a month to its online banking with that number set to increase significantly as its fully responsive online banking platform rolls out to all customers by the end of the year.

Westpac Chief Executive, Peter Clare, said the rollout of the new portal is the centre piece of its digital strategy and partnering with Samsung for future development and knowledge sharing will help Westpac achieve its goal to be New Zealand’s leading digital bank and the best digital bank globally.

“Once complete, our fully responsive online banking platform will deliver all banking capability online that currently requires the customer to visit a branch or call our contact centre. Being able to collaborate with Samsung and share knowledge and insights will help us deliver industry leading innovation that Samsung can take to the world,” Mr Clare said.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Media: Julian Wilcox Leaves Māori TV

Māori Television has confirmed the resignation of Head of News and Production Julian Wilcox. Mr Maxwell acknowledged Mr Wilcox’s significant contribution to Māori Television since joining the organisation in 2004. More>>

ALSO:

Genetics: New Heat Tolerant Cow Developed

Hamilton, New Zealand-based Dairy Solutionz Ltd has led an expert genetics team to develop a new dairy cow breed conditioned to thrive in lower elevation tropical climates and achieve high milk production under heat stress. More>>

Fractals: Thousands More Business Cards Needed To Build Giant Sponge

New Zealand is taking part in a global event this weekend to build a Menger Sponge using 15 million business cards but local organisers say they are thousands of business cards short. More>>

Scoop Business: NZ Net Migration Rises To Annual Record In September

New Zealand’s annual net migration rose to a record in September, beating government forecasts, as the inflow was spurred by student arrivals from India and Kiwis returning home from Australia. More>>

ALSO:

Scoop Business: Fletcher To Close Its Christchurch Insulation Plant, Cut 29 Jobs

Fletcher Building, New Zealand’s largest listed company, will close its Christchurch insulation factory, as it consolidates its Tasman Insulations operations in a “highly competitive market”. More>>

ALSO:

Scoop Business: Novartis Adds Nine New Treatments Under Pharmac Deal

Novartis New Zealand, the local unit of the global pharmaceuticals firm, has added nine new treatments in a far-ranging agreement with government drug buying agency, Pharmac. More>>

ALSO:

Crown Accounts: English Wary On Tax Take, Could Threaten Surplus

Finance Minister Bill English is warning the tax take may come in below forecast in the current financial year, as figures released today confirm it was short by nearly $1 billion in the year to June 30 and English warned of the potential impact of slumping receipts from agricultural exports. More>>

ALSO:

Auckland Outage: Power Mostly Restored Overnight

Vector wishes to advise that all but 324 customers have been restored overnight. These customers are spread throughout the network in small pockets. The main St Johns feeder was restored around midnight allowing most of the customers in all affected areas to have power this morning. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand

Mosh Social Media
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news