04 August 2015

WestPac NZ and Samsung team on digital banking innovation

20 May 2014  |  5296 views  |  0 Samsung and Westpac NZ sign collaboration agreement to develop digital

Westpac New Zealand has formed a partnership with tech giant Samsung that will see the two work together on developing digital banking innovations.

Under the deal, the firms will share knowledge and collaborate to develop banking tools that will be available on select Samsung devices such as smartphones, tablets, smartwatches and smart TVs.

As part of the agreement, Samsung will give Westpac early access to its smart devices so that the bank can develop financial applications and services that are ready to launch as soon as the kit goes on sale.

This close collaboration has already been put to use, with Westpac taking advantage of the Samsung Galaxy S5 handset's fingerprint sensor to test biometric mobile banking app logins.

The bank has also been experimenting with Sony smartwatches, Google Glass and in-branch Apple iBeacons in recent months.

WestPac hopes that the partnership will help its strategy of centering its entire operations around a new online banking platform which will let customers carry out all transactions digitally, without the need to visit a branch or call a contact centre.

Peter Clare, CEO, Westpac, says: "Being able to collaborate with Samsung and share knowledge and insights will help us deliver industry leading innovation that Samsung can take to the world."

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

14 April, 2014
09 April, 2014
04 February, 2014
29 January, 2014
03 December, 2013
16 October, 2013
24 July, 2013

Related company news

 

Top topics

Most viewed Most shared
ING Bank introduces voice-activated mobile...
11351 views comments | 28 tweets | 33 linkedin
Will Uber be the Uber of banking?
9420 views comments | 41 tweets | 33 linkedin
MasterCard to connect Europe to Samsung Pa...
6920 views comments | 20 tweets | 16 linkedin
Deutsche Bank backs blockchain potential
6828 views comments | 32 tweets | 18 linkedin
Payments and capital markets sectors domin...
6826 views comments | 17 tweets | 19 linkedin

Featured job

to £65K base, double OTE
London, UK

Find your next job