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Ann: GENERAL: FIN: Nelson Building Society branches out into paperless banking

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    • Release Date: 18/06/14 10:42
    • Summary: GENERAL: FIN: Nelson Building Society branches out into paperless banking
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    					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
    				
 
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