Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Six banks awarded All-of-Government contracts

Hon Bill English

Minister of Finance

Hon Steven Joyce

Minister for Economic Development


5 October 2015

Six banks awarded All-of-Government contracts

Minister of Finance Bill English and Economic Development Minister Steven Joyce today announced that six banks have been awarded contracts for the supply of All-of-Government (AOG) banking services, with Westpac to provide the Crown Transactional Banking services.

“It has been more than 25 years since government banking services have been put out to tender,” Mr English says. “Over this time there has been considerable evolution in the banking and financial services sector.

“The new contracts will deliver cost savings for government agencies and all New Zealanders. They will ensure that banking services are fit for purpose and provide value for money.”

The contracts have been awarded in four subcategories:

· Crown Transactional Banking: Westpac New Zealand Limited

· Foreign Exchange Transactions: ANZ Bank New Zealand Limited; ASB Bank Limited; Bank of New Zealand; Citibank N.A. – New Zealand Branch; and Westpac New Zealand Limited

· Payment Services: ANZ Bank New Zealand Limited; ASB Bank Limited; Bank of New Zealand; Kiwibank Limited; and Westpac New Zealand Limited

· Card Services: ASB Bank New Zealand; Bank of New Zealand; Citibank N.A. – New Zealand Branch; and Westpac New Zealand Limited.


“The financial benefits for the government from the AoG Banking Services solution are significant – negotiated price benefits and innovation commitments of more than $120 million have been secured over the life of the contracts,” Mr Joyce says.

“The AoG Banking Services solution will develop innovative banking products and solutions that will extend to the way government works with third parties and intermediaries, such as financial professionals, to generate efficiencies and improvements in the services provided.

“The new contracts provide government agencies with a choice of providers that have undergone a rigorous procurement process, and support the implementation of innovative banking solutions for all New Zealanders. These will make doing business with government easier and promote better ways of working, which are key objectives of the Better Public Services programme.”

The 35 core government agencies are required to use the Crown Transactional Banker. Other agencies can choose to use Westpac, or another provider, for their transactional banking needs.

The new contracts will run for up to eight years.

ends

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Why Raising Corporate Taxes Has Become A Hot New Political Cause

Surprisingly, “raising taxes” has become a very fashionable political idea in 2021. That’s right. After decades of being seen (at best) as a necessary evil, higher corporate taxes are now being treated as the Great Good Thing that will revive the US economy, re-distribute wealth productively, help to build neglected and decaying public infrastructure, fund public health, address social inequality, restore a sense of community and generally make everyone feel better about the society in which they live... More>>

 

Government: The Duke Of Edinburgh

9 April 2021 Prime Minister Jacinda Ardern today expressed New Zealand’s sorrow at the death of His Royal Highness The Prince Philip, Duke of Edinburgh. “Our thoughts are with Her Majesty The Queen at this profoundly sad time. On behalf of the New ... More>>

ALSO:

Government: Delivers Next Phase Of Climate Action

The Government is delivering on a key election commitment to tackle climate change, by banning new low and medium temperature coal-fired boilers and partnering with the private sector to help it transition away from fossil fuels. This is the first ... More>>

Government: Independent Experts To Advise On Post-Vaccination Future

The Government is acting to ensure decisions on responding to the next phase of the COVID-19 pandemic are informed by the best available scientific evidence and strategic public health advice. “New Zealand has worked towards an elimination ... More>>

Health: Drug-Testing Law To Be Made Permanent

Interim legislation that is already proving to keep people safer from drugs will be made permanent, Health Minister Andrew Little says. More>>

World Travel: New Zealand Temporarily Suspending Travel From India - PM Jacinda Ardern

Travel into New Zealand from India - including for New Zealand citizens and residents - is being temporarily suspended because of high numbers of Covid-19 cases. More>>

Finance: Crown Accounts Again Better Than Forecast

Hon Grant Robertson Minister of Finance The economic recovery from COVID-19 continues to be reflected in the Government’s books, which are again better than expected. The Crown accounts for the eight months to the end of February 2021 showed both OBEGAL ... More>>

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels