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

 

Company Results: Air NZ Rides The Tourism Boom With Record Full-Year Earnings

Air New Zealand has ridden the tourism boom and staved off increased competition to deliver the best full-year earnings in its 76-year history. More>>

ALSO:

New PGP: Sheep Milk Industry Gets $12.6M Crown Funding

The Sheep - Horizon Three programme aims to develop "a market driven, end-to-end value chain generating annual revenues of between $200 million and $700 million by 2030," according to a joint statement. More>>

ALSO:

Half Full: Fonterra Raises Forecast Milk Price

Fonterra Co-operative Group Limited today increased its 2016/17 forecast Farmgate Milk Price by 50 cents to $4.75 per kgMS. When combined with the forecast earnings per share range for the 2017 financial year of 50 to 60 cents, the total payout available to farmers in the current season is forecast to be $5.25 to $5.35 before retentions. More>>

ALSO:

Keep Digging: Seabed Ironsands Miner TransTasman Tries Again

The first company to attempt to gain a resource consent to mine ironsands from the ocean floor in New Zealand's Exclusive Economic Zone has lodged a new application containing fresh scientific and other evidence it hopes will persuade regulators after their initial application was turned down in 2014. More>>

Wool Pulled: Duvets Sold As ‘Premium Alpaca’ Mostly Sheep’s Wool

Rotorua business Budge Collection Limited (Budge) and sole director, Sun Dong Kim, were convicted and fined a total of $71,250 in Auckland District Court after each pleading guilty to four charges of misrepresenting how much alpaca fibre was in their duvets. More>>

Reserve Bank: Labour Calls For Monetary Policy To Expand Goals

Labour's comments follow a speech today by RBNZ governor Graeme Wheeler in which Wheeler sought to answer critics who variously say he should stop lowering interest rates, lower them faster, or that inflation-targeting should no longer be the primary goal of the central bank's activities. More>>

ALSO:

BSA Extension And Sunday Morning Ads: Digital Convergence Bill Captures Online Content

Broadcasting Minister Amy Adams has today announced the Government’s plans to update the Broadcasting Act to better reflect today’s converged market... The Government considered four areas as part of its review into content regulation: classification requirements, advertising restrictions, election programming and contestable funding. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news