How Westpac is adapting in a fast mobile banking world
Westpac New Zealand is aiming to stand out from the crowd by being especially mobile-friendly.
Through its Global App Challenge, the bank is crowdsourcing ideas for the next generation of mobile and web banking apps with a NZD$100,000 prize at the end.
And according to Westpac NZ head of digital Simon Pomeroy, the reason why traditional banking has been relatively slow on the uptake is because banking has never changed.
“If you boil banking down to its grass roots, it’s still been the same since...