FIN
18/06/2014 10:42
GENERAL
REL: 1042 HRS Finzsoft Solutions Limited
GENERAL: FIN: Nelson Building Society branches out into paperless banking
18 June 2014
Banking & Finance Technology News
Nelson Building Society branches out into paperless banking with Finzsoft's
Seal the Deal app
AUCKLAND 18 June 2014 - New Zealand's oldest building society, the Nelson
Building Society (NBS), is getting closer to moving the paper mountain after
licensing a next generation, cloud-based mobile commerce suite of products
from Auckland-based financial technology company, Finzsoft Solutions Limited.
The NBS is a mutually owned building society, with eight branches in the
South Island, assets in excess of $420 million and a growing customer base,
which NBS general manager Ken Beams puts down to the ability of branch staff
to make lending decisions.
"Our customers value the ability to have a meaningful relationship with their
local branch manager. So unlike some of our competitors, our technology
decisions aren't made to reduce customer interactions with the branch, but
instead, to support the branch process with a modern banking service that
uses smart tech to meet the changing needs of our customers.
"With Finzsoft's support and expertise, we've evolved our service offering
from internet banking to debit cards, and more recently, a mobile banking
app. Soon we will be one step closer to being paperless with the launch of
Seal-the-Deal, an app that will allow customers to complete 100% of the
joining and mortgage application processes via tablet," says Mr Beams.
Finzsoft Managing Director Andrew Holliday says paperless banking is not just
for large financial institutions with bottomless technology budgets, but also
for community banks that have the vision and desire to move the paper
mountain.
"Banks and finance companies have been moving to a paperless back office over
the past ten years, but the front office is traditionally overwhelmed with
processing problems resulting from low quality scans of drivers' licenses,
proof of income and other documents required for on-boarding and loan
approval. The 'Seal-the-Deal Tablet App' enables enhanced straight-through
processing by allowing documents to be captured and/or signed on a mobile
device."
NBS and Finzsoft have been working together since 2003, when NBS was
investigating banking software packages to suit its size and structure.
"We initially engaged Finzsoft's services to develop a retail banking system
specific to our needs. What we needed didn't exist in the market at the time,
but Finzsoft put their hand up and were willing to work with us to develop a
clever solution.
"Finzsoft's Sovereign solution has proven to be extremely reliable and
flexible, allowing us to grow and develop alongside our competitors." says Mr
Beams.
-ends-
About Finzsoft:
Finzsoft has offices in Singapore, Malaysia, Australia and Auckland and
employs in excess of 40 staff. Since its launch 25 years ago, the company has
become one of the leading financial software and solutions providers for
banks and financial institutions in Australasia.
Finzsoft's Sovereign Mobile Banking solution provides downloadable
application software for a smart phone (iOS and Android, phone and tablet)
banking facility. Finzsoft's service includes installation, integration,
customisation, implementation and maintenance of the application.
For more information please contact:
Andrew Holliday
Managing Director
Finzsoft
Mobile: 021 355 492
Email: [email protected]
End CA:00251730 For:FIN Type:GENERAL Time:2014-06-18 10:42:12