Bank of New Zealand (BNZ) has selected Singapore-based digital banking solution provider Moneythor to provide new bespoke experiences in the bank’s digital services.
Under the terms of the agreement, BNZ will use Moneythor’s data-driven engine to allow its user to better manage money and accomplish their financial goals.
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By GlobalDataBank of New Zealand chief operating officer Howard Silby said: “Over time, we have developed a leading digital platform that reflects how consumers in New Zealand think about their money, not about their banking.
“The Moneythor solution will help us further provide customers with help, guidance and insights that go well beyond the typical transactional nature of online banking”, commented Howard Silby, Chief Operating Officer.
Moneythor CEO Olivier Berthier said that its solution will facilitate the next level of money management applications for the bank’s customers using the rich data processing and personalisation capabilities of its solution.
In July, Moneythor join the Mastercard Start Path programme that connects start-ups with global institutions in the financial services and payments industries.
In the same month, Moneythor opened its newest office in Tokyo, Japan.
In October last year, the Australia and New Zealand Banking Group (ANZ) deployed Moneythor PFM app to provide tailored spending insights and actionable nudges so that its customers can achieve their savings goals.
