Westpac New Zealand and Samsung Electronics New Zealand have signed a strategic collaboration agreement to develop world leading digital banking innovations.
This is the first agreement of its type in New Zealand that the global electronics company has signed for delivery of financial banking services. Under the agreement the two companies will share knowledge and collaborate on industry leading innovations and technology solutions to help make banking easier and faster for Westpac customers. Those innovations will be available on select Samsung smart devices in New Zealand and may include smartphones, tablets, smart watches and Smart TVs. Under the agreement Samsung will give Westpac early access to its industry leading smart devices. This means the bank can work with Samsung in developing financial applications and services that will be ready when the device is available for purchase, as it did with the Galaxy S5 smartphone and finger scanner. This also benefits Westpac’s digital strategy based around a new central internet banking platform that is fully responsive and allows customers to use smart devices to do their mobile banking.