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While the results from the review by the Financial Markets Authority (FMA) and the Reserve bank could have been more positive, New Zealand banks have been looking at options to improve customer experience and embrace the fintech community which is great for all Kiwis, FintechNZ general manager James Brown says.
Banking is changing as new financial technology takes hold and Brown technologies like machine learning and AI will dramatically improve both the customer experience and the back-end process for the banks themselves.
Any day now the Royal Commission will release its initial findings into its first ever review of the integrity systems of New Zealand’s financial system.
The review covers New Zealand’s financial institutions along with industry bodies, regulators, dispute resolution schemes and the payments and settlement system.
FintechNZ general manager James Brown says the report will have implications for New Zealand, though he says it is encouraging to see the proactive positive work being done already by New Zealand’s major banks.
Market Measures benchmarks the sales and marketing activity of New Zealand’s technology companies, providing you with useful information for planning your sales and marketing strategies.
To find out more about Market Measures and to view past years’ reports and resources click here.
By participating in the study you can compare your company’s performance against your peers and US counterparts. You will be emailed the results of the study, including a free copy of the final report due out in October 2018 (worth $375) and the opportunity to attend webinars and events nationwide discussing Market Measures results and implications.
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The survey closes end of day 13 September 2018.
The potential for New Zealand tech exports will be huge when direct free trade post-Brexit opens with the United Kingdom, a leading fintech expert says.
James Brown, general manager of FintechNZ says it’s so encouraging to see the government working proactively to set up free trade with the UK post-Brexit.
“The UK is a very important market for our agricultural, food and beverage exports, as well as high-value manufactured products,” Brown says.
Now is the time for Kiwi financial services to be more transparent following banking issues in the United Kingdom and Australia, a leading New Zealand financial tech expert says.
Normally bank employees must meet sales incentive targets on lending, deposit attraction, payment protection insurance, life insurance and Kiwi Saver funds to achieve a financial bonus.
The rapid rise of tech companies working in the insurance market and investment by traditional insurance firms into new advanced technologies is expected to lead to better deals for customers in coming years, InsurTechNZ chair Jason Roberts says.
Customer expectations of instant digital transactions delivered seamlessly across digital channels are increasingly the norm and this is a major factor driving the growth of the New Zealand insurtech market, he says.
New Zealand’s most prestigious celebration of individual achievement, the Kea World Class New Zealand (WCNZ) Awards, has today announced six of its 2018 award recipients.
In addition to Pham, this year’s winners include innovator and engineer, Peter Beck; AI trailblazer Mark Sagar; award-winning actor and producer Cliff Curtis; prominent Earth scientist Dr Delwyn Moller; and art world powerhouse Jennifer Flay.
The Supreme Award (won last year by Sir Peter Jackson and Lady Fran Walsh), and Friend of New Zealand Award (won last year by Pippa Lady Blake), will be announced at a Gala Dinner at Auckland’s Viaduct Events Centre on Thursday 21st June.
New Zealand fintech businesses are working toward an inclusive society despite some experts saying the gap between the have and have nots is getting wider, FintechNZ general manager James Brown says.
Smart new tech innovation companies such as Sharesies is seeking greater support and involvement from people in the middle to lower income areas, Brown says.
New Zealand is the least corrupt country in the world, but it needs to learn from larger fintech markets like Australia, Singapore and London and more rapidly adapt to technologies such as blockchain and crypto-currencies, a Kiwi fintech expert says.
Tech is the fastest growing and third biggest industry sector in New Zealand contributing more than $6.3 billion in annual exports and now other countries are chasing the cream of our tech crop.
NZTech board member and winner of last year’s New Zealand CEO of the Year Award, Leigh Flounders has been hand-picked by Dubai’s big bank Emirates NBD to take over as senior vice president, head of digital strategy.