Brand awareness and tech the big issues for merged banks
Technology is going to be the key for the proposed TSB Heartland Bank to become a major challenger of scale with a regional focus.
Squirrel Mortgages chief executive David Cunningham says it will be interesting to see what technology the combined banks will refresh with.
“The big thing in amalgamating and then pulling the merger of Heartland Bank and TSB together is having modern technology. This is where the most savings can be made but it is often the most time consuming.”
He says both banks don’t...MORE»
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MORE»More borrowers take out ever bigger mortgages
More than 18,000 borrowers have mortgages of more than $2 million, a number that has grown rapidly – up from 5,000 in 2017, 6,000 in 2019 and 13,000 in 2022.
MORE»Advocacy over shouting leads the way
The demise of the Finance and Mortgage Advisers Association of New Zealand (FAMNZ) is no surprise to Hamish Patel, Financial Advice New Zealand (FANZ) mortgage and lending director.
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