NZBA chief executive Roger Beaumont said the hub trials will run for 12 months and “Only then will we be able to assess if the communities where the trials are based found them useful, and whether they could form the basis of banking services in places where branches are no longer viable due to lack… Read more »
Month: January 2021
Provincial mayors call for rural bank branches to be made mandatory
New Zealand Bankers’ Association chief executive Roger Beaumont said customers now preferred other ways of banking and the branches were no longer viable, “In some cases there may be fewer than 10 customers a day in these branches. That’s simply unsustainable.”
Banks are phasing out cheques too soon for rural communities
Bankers’ Association chief executive Roger Beaumont said fewer than1 per cent of customers used cheques and the move to digital services was driven by customer preference.
Reserve Bank hack: Adrian Orr admits bank ‘fell short’
Bankers’ Association chief executive Roger Beaumont said on Monday that it understood why the Reserve Bank had been unable to say much at that time.
Pity the term deposit-holders: How to navigate low interest rates
Roger Beaumont, chief executive of the New Zealand Bankers’ Association, said it was an ongoing challenge and banks recognised it was tough for older customers in particular, who had larger amounts of money in the bank and depended on the income it earned, to subsidise their living costs.
Reserve Bank pulls down shutters in wake of cyber-attack
Bankers’ Association chief executive Roger Beaumont said that “as it was a security issue we understand why the Reserve Bank cannot say much more at this stage”.
What will banking look like in 2021?
Roger Beaumont, chief executive of the New Zealand Bankers Association, says the outbreak of Covid-19 has sped up trends in the banking industry that were already happening.
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