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

 

Run The Red Wins TUANZ Award

3 November 2004

Run The Red Wins TUANZ Award for PSIS Mobile Banking Solution

Run The Red has won the Mobile Internet category of the 2004 TUANZ (e)-vision awards held in Wellington recently for a mobile banking platform developed for client PSIS.

The company effectively had the category sewn up when judges selected another Run The Red collaboration, with Saatchi & Saatchi, as the second finalist.

Run The Red Director, Ben Northrop, paid tribute to the vision of PSIS and its management team in adopting what is New Zealand’s most comprehensive text-based banking solution.

“This award win is a tangible demonstration of our commitment and determination to be a leading supplier of mobile solutions,” said Ben Northrop.

“We have always believed that success depends on building great partnerships with our clients and partners. Our team worked closely with PSIS and its technology partners and auditors to develop a solution that provides functionality and the highest standards of security.

“We are very keen to see our RED-Safe platform, which drives the PSIS mobile banking solution, used by other financial services organisations looking to provide an additional level of customer service to their clients.”

The company has been in discussions with a number of financial services organisations in New Zealand and overseas and hopes to make an announcement in the near future. Run The Red’s other finalist in the Mobile Internet category was a project undertaken with advertising agency Saatchi & Saatchi, for ‘Primo Flow Time.’

The TUANZ win continues a winning run for the company, which has featured in a number of New Zealand and global awards finalist lists, including:
2004 International Mobile Messaging Awards, Finalist 2004 Wellington Region Gold Awards. Finalist Nokia WAP Application Award, Finalist

Ben Northrop said Government assistance through the Techology New Zealand innovation fund was invaluable in assisting Run The Red to successfully develop its mobile banking product suite, RED-Safe.

“Run The Red identified an opportunity to develop an SMS-based banking application able to be used by customers with text capable phones but the costs of development were large for a company of our size,” said Ben Northrop.

“We approached Technology NZ with a request for funding, which was approved.

“Technology NZ’s funding enabled us to develop the product far more quickly than we could have otherwise.

“We have developed a software platform that is secure and, because it is based on SMS, the most widely used and accessible of the new technologies, financial institutions can use RED-Safe without the need to make large investments in updating their own infrastructure.

The awards were presented at a function held on the 21st of October at the St James Theatre.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Auckland: Quarterly Update: Rents Stable During Third Quarter

The average weekly rent for a home in Auckland moved less than $1 during the third quarter, ending 30 September at $606.25, according to data from more than 16,000 rental properties managed by Barfoot & Thompson... More>>



Electricity Authority: Review Of Competition In The Wholesale Electricity Market Raises Questions

In March 2021 the Electricity Authority announced it would conduct a review into competition in the wholesale electricity market. The period of the review covers the sustained elevated electricity prices since an unplanned outage at the Pohokura gas facility in Spring 2018... More>>


Government: RSI ‘State Of The Nation’ Report Published
latest research, science and innovation system report card is now available, and outlines how the system is performing, Research, Science and Innovation Minister Megan Woods has announced. “The report seeks to increase transparency, act as a reliable data source and stimulate discussion... More>>


LAWA: New Zealand Lakes Are Diverse In Their Condition And Type

Freshwater scientists have come together through the Land, Air, Water Aotearoa (LAWA) project to summarise the condition of New Zealand’s monitored lakes. They have found a varied picture of lake condition... More>>



Pamu & Westpac: Market-leading Sustainability-Linked Loan

Westpac NZ and Pāmu have signed New Zealand’s most comprehensive Sustainability-Linked Loan to date, also the largest in the agricultural sector, and the first involving a state-owned enterprise. Pāmu, also known as Landcorp, is New Zealand’s biggest farming business. It will borrow $85m from Westpac NZ over three years... More>>


Retail NZ: Some Good News In COVID Announcements, But Firm Dates Needed

Retail NZ is welcoming news that the Government is increasing financial support for businesses in light of the ongoing COVID-19 lockdown, and that retail will be able to open at all stages of the new “Covid Protection Framework... More>>