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

 


Nelson Building Society uses paperless banking with Finzsoft

Nelson Building Society branches out into paperless banking with Finzsoft’s Seal the Deal app

Auckland, 18 June 2014 – New Zealand’s oldest building society, the Nelson Building Society (NBS), is getting closer to moving the paper mountain after licensing a next generation, cloud-based mobile commerce suite of products from Auckland-based financial technology company, Finzsoft Solutions Limited.

The NBS is a mutually owned building society, with eight branches in the South Island, assets in excess of $420 million and a growing customer base, which NBS general manager Ken Beams puts down to the ability of branch staff to make lending decisions.

“Our customers value the ability to have a meaningful relationship with their local branch manager. So unlike some of our competitors, our technology decisions aren’t made to reduce customer interactions with the branch, but instead, to support the branch process with a modern banking service that uses smart tech to meet the changing needs of our customers.

“With Finzsoft’s support and expertise, we’ve evolved our service offering from internet banking to debit cards, and more recently, a mobile banking app. Soon we will be one step closer to being paperless with the launch of Seal-the-Deal, an app that will allow customers to complete 100% of the joining and mortgage application processes via tablet,” says Mr Beams.

Finzsoft Managing Director Andrew Holliday says paperless banking is not just for large financial institutions with bottomless technology budgets, but also for community banks that have the vision and desire to move the paper mountain.

“Banks and finance companies have been moving to a paperless back office over the past ten years, but the front office is traditionally overwhelmed with processing problems resulting from low quality scans of drivers’ licenses, proof of income and other documents required for on-boarding and loan approval. The ‘Seal-the-Deal Tablet App’ enables enhanced straight-through processing by allowing documents to be captured and/or signed on a mobile device.”

NBS and Finzsoft have been working together since 2003, when NBS was investigating banking software packages to suit its size and structure.

“We initially engaged Finzsoft’s services to develop a retail banking system specific to our needs. What we needed didn’t exist in the market at the time, but Finzsoft put their hand up and were willing to work with us to develop a clever solution. Finzsoft’s Sovereign solution has proven to be extremely reliable and flexible, allowing us to grow and develop alongside our competitors,” says Mr Beams.

About Finzsoft:
Finzsoft has offices in Singapore, Malaysia, Australia and Auckland and employs in excess of 40 staff. Since its launch 25 years ago, the company has become one of the leading financial software and solutions providers for banks and financial institutions in Australasia.

Finzsoft’s Sovereign Mobile Banking solution provides downloadable application software for a smart phone (iOS and Android, phone and tablet) banking facility. Finzsoft’s service includes installation, integration, customisation, implementation and maintenance of the application.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Half Empty: Fonterra's 2017 Opening Forecast Below Expectations

Fonterra Cooperative Group raised its forecast farmgate milk payout for next season by less than expected as the world's largest dairy exporter predicts lower prices will crimp production and supply will pick up. The New Zealand dollar fell. More>>

ALSO:

Pest Control: Mouse Blitz Team Leaves For Antipodes

The Million Dollar Mouse project to rid Antipodes Island of mice is underway with the departure of a rodent eradication team to the remote nature reserve and World Heritage Area. More>>

Gongs Got: Canon Media Awards & NZ Radio Awards Happen

Radio NZ: RNZ website The Wireless, which is co-funded by NZ On Air, was named best website, while Toby Manhire and Toby Morris won the best opinion general writing section for their weekly column on rnz.co.nz and Tess McClure won the best junior feature writer section. More>>

ALSO:

Pre-Budget: Debt Focus Risks Losing Opportunity To Stoke Economy

The Treasury is likely to upgrade its forecasts for economic growth in Budget 2016 next week but Finance Minister Bill English has already signalled that more of his focus is on debt repayment than on fiscal stimulus or tax cuts... More>>

ALSO:

Fulton Hogan's Heroes: Managing Director Nick Miller Resigns

Fulton Hogan managing director Nick Miller will leave the privately owned construction company after seven years in charge. The Dunedin-based company has kicked off a search for a replacement, and Miller will stay on at the helm until March next year, or until a successor has been appointed and a transition period completed. More>>

ALSO:

Gordon Campbell: On Electricity, Executions, And Bob Dylan

The Electricity Authority has unveiled the final version of its pricing plan for electricity transmission. This will change the way transmission prices (which comprise about 10% of the average power bill) are computed, and will add hundreds of dollars a year to power bills for many ordinary consumers. More>>

ALSO:

Half Empty: Fonterra NZ, Australia Milk Collection Drops In Season

Fonterra Cooperative Group says milk collection is down in New Zealand and Australia, its two largest markets, in the first 11 months of the season during a period of weak dairy prices. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news