Westpac and Samsung sign deal for fingerprint banking

There may soon be no need to go into the bank, with new technology allowing customers to do all their banking from a variety of smart devices.
 
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01.Banking at your fingertips

Samsung and Westpac logos

New Zealand may be the melting pot for banking innovation with a new, open-ended collaborative deal signed between Westpac NZ and Samsung that could see customers banking from a whole range of smart devices using finger scan identification.

Under the new deal, Westpac will get early access to Samsung’s products in order to develop financial applications for them. Ultimately, this will enable Kiwi customers to access Westpac’s banking platform from Samsung devices such as smart watches, TVs, smartphones and tablets. Who knows, one day it may even be available on Samsung’s internet-enabled fridge

Westpac is developing a fully responsive online banking platform, meaning it can be used across a range of devices. The aim is for the platform, due to be rolled out by the end of the year, to “deliver all banking capability online that currently requires the customer to visit a branch or call out contact centre,” Westpac’s chief executive, Peter Clare said.

The collaboration comes off the back of Westpac NZ’s recent trial of internet banking using a fingerprint on the Samsung Galaxy S5 smartphone. Westpac has indicated it plans to roll out this service in Australia by the end of the year. 

 
 

 

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