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Samsung to help Aussie, NZ banks

img_0051Australia’s Bendigo and Adelaide Bank and Westpac’s New Zealand arm have signed deals to collaborate with Samsung to deliver mobility solutions to customers. Bendigo and Adelaide Bank’s telecommunications subsidiary, Community Telco Australia (CTA), has developed an end to end mobile payments system which promises to be ‘more than just an app’. Redy, set to be launched next month, is a consumer payments solution which will offer loyalty benefits to customers using the Redy app to shop at partnering merchants. CTA will collaborate with Samsung on the Redy launch and on a pipeline of future projects. Under a memorandum of understanding, CTA is provided early access to Samsung technology and IP and, in return, CTA will assist Samsung with testing new products and services. The relationship takes the form of project teams working together to share expertise across both organisations. In a similar move, Westpac NZ has signed a collaboration agreement with Samsung for future products to assist with the bank’s digital innovation. The partnership began with the recent successful proof of concept for fingerprint scanning which leveraged Samsung’s secure KNOX technology. Following the completion of the project the two organisations recognised an opportunity to partner more strategically.

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