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

 

Heartland Bank partners with online livestock platform

MEDIA RELEASE

11 May 2017

Heartland Bank partners with online livestock platform StockX

Heartland Bank has partnered with online livestock trading platform StockX to provide its customers with direct access to the bank’s livestock finance platform, www.openforlivestock.co.nz, while they are considering livestock purchase and finance options.

Heartland Bank’s Head of Rural, Ben Russell, says the StockX partnership has been driven by the bank’s focus on providing customers with speed and certainty in their loan application experience, a key objective of Heartland’s digital strategy.

“StockX is an online livestock trading platform for New Zealand farmers who we know are increasingly accessing information, and seeking to transact, online.

“Now, StockX customers can apply for livestock finance with Heartland Bank directly from the StockX website in real time, as they consider their livestock purchase options,” says Ben Russell.

Finance applications take a couple of minutes, with an immediate decision* so farmers can make livestock purchase decisions on the go.

"Timing is critical in agriculture, particularly in livestock production and trading, which is why we’re confident the StockX and Heartland Bank partnership will enable farmers to purchase and finance livestock quickly and efficiently, without compromising sound and considered purchase decisions,” he adds.

Russell acknowledges that farmers have a wide range of choice in how they purchase, market and finance livestock, and says online platforms like StockX and www.openforlivestock.co.nz increase choice for all participants in the industry.

Managing Director of StockX, Jason Roebuck is delighted to be able to offer clients an online finance option directly from the StockX website.

“While our clients are free to finance their livestock however they wish, we wanted to provide them with an online option that aligned with our digital strategy and Heartland and www.openforlivestock.co.nz were the obvious choice.”

Ends


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Primary Sector Council Report: Vision To Unite The Primary Sector Launched

Agriculture Minister Damien O’Connor has welcomed the release of a bold new vision for the country’s vital food and fibre sector. More>>

ALSO:

Crown Accounts: Treasury HYEFU Sees Deficit Then Rising Surpluses

An operating balance before gains and losses deficit of $0.9 billion is forecast in the current year, before returning to a small surplus in 2020/21 which then grows to reach $5.9 billion (1.5% of GDP) in 2023/24. More>>

ALSO:

Fuels Rushing In: Govt "Ready To Act" On Petrol Market Report

The Government will now take the Commerce Commission’s recommendations to Cabinet...
• A more transparent wholesale pricing regime • Greater contractual freedoms and fairer terms • Introducing an enforceable industry code of conduct • Improve transparency of premium grade fuel pricing... More>>

ALSO:

Reserve Bank Capital Review Decision: Increased Bank Capital Requirements

Governor Adrian Orr said the decisions to increase capital requirements are about making the banking system safer for all New Zealanders, and will ensure bank owners have a meaningful stake in their businesses. More>>

ALSO: