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

 


Westpac customers to get first augmented reality banking app

Westpac New Zealand customers to get world first augmented reality banking app


Westpac New Zealand is to release the world’s first banking app for account management using augmented reality.

Westpac NZ customers will soon be able to use augmented reality and its 3D imagery to check their credit and debit card balances, see their last five transactions, spend locations, categorise spending over a five week period, alerted when payments are due, make payments, check their hotpoints® balance and find the closest Westpac NZ branch and ATM. The locator will also work internationally to find an ATM Global Alliance machine.

The app was the winning concept from the bank’s crowd sourcing initiative, The Westpac Global App Challenge – UK. It will be available to customers in September. Further development for future updates include payments and transfers between accounts and making the hotpoints catalogue available.

Chief Digital Officer Simon Pomeroy said the 3D imagery brings banking to life delivering a quick, easy, and unique experience for the customer.

“Not so long ago augmented reality was considered a futuristic prop in the movies but a growing number of people believe it has the potential to change our lives as much as the internet and mobile phone,” Mr Pomeroy said.

“From the moment we saw the concept for this app in our crowdsourcing competition in the United Kingdom and started to develop it the impact augmented reality can have in adding a new dimension to mobile banking became apparent.

“This is the first time it has been used for account management in banking and we see a number of possibilities for it in the future.”

Once the app is downloaded, the relevant cards are registered and the account is set up, customers merely have to slide their credit or debit card under their phone which activates the camera. Balances, transaction history, spend locations and other information is then presented in 3D.

Mr Pomeroy said other apps from crowdsourcing in New Zealand would be available when Westpac’s new online banking platform is released to more customers in September. Once launched, the new platform will enable customers to do about 90% of the activity that currently requires a visit to a branch online, including originating loans. The platform will be fully responsive, meaning it will deliver the same functionality on any internet enabled mobile device. Westpac New Zealand will be one of only a handful of banks in the world to deliver this capability and the only one in Australasia.

“This is an exciting time to be in banking,” Mr Pomeroy said.

“Customers are driving change and innovation through their uptake of new technology which is changing their needs and behaviours. Listening to customers and watching global trends is essential and initiatives like crowdsourcing are part of that.

“We are focused on delivering the best digital banking experience in New Zealand and innovations like our new augmented reality app and online banking platform are significant steps toward that goal.”

The new Augmented Reality app will be available on any iOS smart device.

Fact Box
Features of Westpac NZ augmented reality app
• check credit and debit card balances
• view last five transactions and spend locations
• categorise spending over a five week period
• alerted when payments are due and make payments
• check hotpoints® balance
• find the closest Westpac NZ branch and ATM
• locator will also work internationally to find an ATM Global Alliance machine

For more information including videos please go to:
www.westpac.co.nz/rednews


ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

BusinessDesk: APN's NZME Sees Future In Paywalls, Growth In Digital Sales

APN News & Media has touted a single newsroom concept for its NZME unit in New Zealand, similar to what Germany's Die Welt uses, saying an 'integrated sales proposition' is helping it win market share, including ... More>>

Labour Party: Global Milk Prices Now Lowest In 6 Years

The latest fall in the global dairy price has brought it to the lowest level in six years and shows there must be meaningful action in tomorrow’s Budget to diversify the economy, says Labour’s Finance spokesperson Grant Robertson. “Dairy prices ... More>>

BusinessDesk: NZ Inflation Expectations Creep Higher In June Survey

May 19 (BusinessDesk) - New Zealand businesses lifted their expectations for inflation over the next two years, sapping any immediate pressure on the Reserve Bank to cut interest rates, and prompting the kiwi dollar to jump higher. More>>

BusinessDesk: Lower Fuel Costs Drive Down NZ Producer Input, Output Prices

May 19 - Producer input and output prices fell in the first quarter, mainly reflecting lower fuel costs and weakness in prices of meat and dairy products. More>>

Media: Fairfax Media NZ Announces Senior Editorial Team

Fairfax Media New Zealand has today confirmed its new editorial leadership team, as part of a transformation of its newsrooms aimed at enhancing local and national journalism across digital and print. More>>

Science: Flavonoids Reduce Cold And Cough Risk

Flavonoids reduce cold and cough risk Research from the University of Auckland shows eating flavonoids – found in green tea, apples, blueberries, cocoa, red wine and onions – can significantly reduce the risk of catching colds and coughs. The research, ... More>>


BusinessDesk: RBNZ House Alert Speech The Catalyst For Government Action

Prime Minister John Key all but conceded that pressure from the Reserve Bank of New Zealand for concerted action on rampant Auckland house prices was one of the main catalysts for the government's weekend announcements about tightly ... More>>

BusinessDesk: How To Fall Foul Of The New Housing Tax Rules: Tips From IRD

Just because you rented out your investment property doesn't absolve you from paying tax, says the Inland Revenue Department in a summary of commonly made mistakes by non-professional property investors when it comes to their tax liability.More>>

Legal: Superdiversity Law, Policy And Business Stocktake Announced

Mai Chen, Managing Partner at Chen Palmer New Zealand Public and Employment Law Specialists and Adjunct Professor of Law at the University of Auckland, today announced the establishment ... More>>

Housing: More House Price Gains Expected

House price expectations remain high, with a net 56% of respondents expecting house prices will increase. Fears of higher interest rates are fading, consistent with the RBNZ’s signals this year. Affordability and a lack of houses for ... More>>

TDDA: State-Of-The-Art Drug Testing Laboratory To Open In Auckland

World leading drug testing agencies, The Drug Detection Agency (TDDA) and Omega Laboratories, open New Zealand laboratory More>>

Network: Bigpipe Launches Ultra-Fast Broadband Into Wellington

Bigpipe Launches Ultra-Fast Broadband into Wellington Naked broadband provider Bigpipe has extended its national reach, announcing today, the launch of its unlimited UFB offering into Wellington. The Spark Venture business is giving Wellingtonians the ... More>>

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news