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Technology news for New Zealand's largest enterprises

New Zealand business news stories

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Outsourcing
Interview: How Optimation helps organisations step up their innovation game
Many businesses don’t have the in-house expertise needed to sustain or update complex applications that keep up with the evolving expectations and needs of customers.
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Cloud
Xero reports $1.3mil net profit, passes 2 million global subscribers
While it took more than a decade to add Xero’s first million subscribers, it took two and a half years to add the next million.
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Fintech
Programmable money will redraw the map of international trade
Those who control the most widely used currencies also control a great deal of the global economy, and it is time for New Zealand to get in the game.
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Chatbots
Kiwis more accepting of chatbots and digital humans
Chatbots and digital employees are now an established part of communication between New Zealand businesses and customers.
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Cybersecurity
NZ information security award finalists revealed
The iSANZ Awards were established five years ago to recognise the achievements of New Zealanders in the country’s information security (InfoSec) and cybersecurity field.
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Advertising
New marketing technology consultancy STITCH launches
STITCH aims to help global and local businesses deliver better customer experiences by employing a combination of strategy, data, advertising and marketing technology.
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Startup
Martech startup with NZ roots marks 10-year milestone
Appreciation Engine changed the way customers interact with the music they love through customer behaviour insights.
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Cloud
Fintech startup Hnry raises $2.15 million in investment round
Hnry was designed to make life easier for contractors, freelancers and other independent earners, providing an online service that takes care of their financial admin.
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Startup
Application shielding startup RedShield raises $14m
RedShield CEO and co-founder Andy Prow says that taking capital from a New Zealand private equity player was a strategic choice.
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Payment gateways
Instalment service provider PartPay acquired by Australian player Zip
The acquisition gives Zip exposure to four key geographies – New Zealand, United Kingdom, United States and South Africa.
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Blockchain
ASB invests in blockchain-based trade provenance solution
The ASB bank funding grant fast-tracks the launch of the company focusing on a blockchain trading product.
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Fintech
Online lending marketplace Harmoney records first profit of $7.2m
This is in comparison to the four-year-old company’s $1.8 million loss last year.
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Workflow Automation
Quanton taps into NZ’s growing demand for RPA
It saw double-digit expansion over the last year, at a time when the median growth rate for New Zealand businesses was -3%.
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Artificial Intelligence
Ambit accelerates expansion in Australia with Sydney office launch
“We look forward to partnering with Australian companies to ensure that they are well placed to be resilient to future change."
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Kiwibank
Proposed RBNZ changes should ensure a level playing field - Kiwibank
Kiwibank acknowledged that with any increase in capital requirements there would be costs for consumers.
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New Zealand business
Retiring Baby Boomers to deepen skills shortages in NZ
As New Zealand’s Baby Boomer generation gradually retires from the workforce, their exit will create a knowledge and experience vacuum."
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Small Business / SMB
Why the Kiwi ‘feel-good factor’ is terrible for business
“Richard Branson is tremendously successful, but even he admits it’s because he’s hired talented teams of people to get things done.”
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Startup
Bold UK spinoff for Kiwi beauty software company
‘Powered by Flossie’ follows seven years of strategic positioning and $6million in seed funding.
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Kiwibank
Kiwibank receives the Gender Tick accreditation
Kiwibank chief executive Steve Jurkovich said fairness was an important attribute for the New Zealand-owned bank.
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Commerce Commission
MyRepublic in hot water over levy requirements
Under the Telecommunications Act, liable companies must provide the Commission with audited financial information that the Commission can use to apportion the levy.
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Fintech
Fractions sparking new fintech friction - Kiwibank
Facilitation of shared or 'fractionalised' investment ownership looks to be the next big thing in financial technology.
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Artificial Intelligence
Westpac NZ collaborates with local AI startup
“Banking relationships are critical to SMEs and we look forward to working with Westpac to help serve their customers.”
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Commerce Commission
Commission warns Spark for misleading in-contract customers
The warning follows an investigation into representations Spark made on its website and in emails in August and September 2018.
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Customer experience
Kiwi software company aims to improve global customer experience
Plexure has developed an intelligent technology platform that powers mobile marketing.