open banking nz

Kiwibank flips the switch on open banking for SMEs

Kiwibank has become the first New Zealand bank to roll out open banking across all its digital channels for both individual and business customers, delivering most of the data‑sharing capability required by regulators six months ahead of its statutory deadline.

Why AI is no longer just a tech conversation

As AI rapidly shifts from experimentation to operational reality, AI start-up founder Dave Howden says the businesses that move first – and rethink how work gets done – will hold the advantage.

Healthtex kiwi entrepreneurs

The pharmacist who listened

Three decades behind the counter taught pharmacist turned entrepreneur Tim O’Donoghue that patients know exactly what they want. They just rarely get it. Now, with an FDA-listed product live on Amazon and a 14-strong self-care platform behind it, the Healthtex Co-founder is raising capital through PledgeMe and inviting Kiwi investors into a corner of the global pharmaceutical industry usually reserved for big backers.

Phillip Benedetti SML

Consumer spending tightens in wake of covid and inflation concerns

Hospitality, fashion and luxury retail are at greatest risk as Kiwi consumers reduce non-essential spending, leading companies to rethink their customer propositions and omni-channel offerings. Consumer confidence in New Zealand has taken a hit in 2022, leading consumers to restrict non-essential spending amid some of the world’s highest levels of concern about COVID-19, rising inflation and other global events. The findings are drawn from Boston Consulting Group’s inaugural New Zealand Consumer Sentiment Survey, which is part of the firm’s global consumer sentiment series. Phillip Benedetti (pictured), a BCG managing director and partner and head of the firm’s New Zealand office, said New Zealand consumers showed a higher level of concern than those in most other markets surveyed around the world.

Elmo

Employee Engagement in a Hybrid World

How to Sustain and Strengthen Corporate Culture The pandemic will be remembered as the catalyst to workplace change. It sparked the transition from predominantly office-based work to hybrid work arrangements, causing employers to reimagine fundamental workplace practices. Employees want hybrid work Since the pandemic, employee sentiment has evolved and there is a strong preference for hybrid working. According to ELMO’s Employee Sentiment Index1, only 10% of New Zealand workers want to return to a traditional work environment, with the other 90% wanting varying degrees of a mix of face-to-face and remote working. The new employee experience Pre-pandemic, the employee experience (EX) aimed to cultivate connection, purpose and belonging, but international lockdowns and forced remote working shifted its focus to employee

Ai

How AI Technology Could Improve Your Day-to-Day Processing

Before understanding the future of Artificial Intelligence in business, or how AI technologies impact the business world, it is important to know what AI actually is.  AI refers to any computer software that engages in activities usually undertaken by humans, including customer support, business forecasts, and asset management.  Years of science fiction movies have led us to believe that AI is a fleet of sentient robots, but today’s AI technologies are far more subtle. Most of us interact with AI in some way or another daily.  With its wide range of uses, it is becoming an imperative option for businesses that want to maintain a competitive edge.  So, what are some of the ways you can improve your business with

DataZoo 1147799245

Making the most of technology

When correctly applied, technology makes a world of difference to the efficiency and profitability of any business. GoFi8ure Executive Director Lisa Martin explains why you should embrace technology in 2022. Let’s face it, business owners can be reluctant to utilise new technology, and this can have a detrimental impact on their business. GoFi8ure’s Lisa Martin says often their new clients need some convincing to try something new, but once they see what it does for their business’s performance, they are sold. But that’s not always the case. Lisa remembers one client who, when asked for an online video-meeting to review his financial statements and tax returns, admitted to not even having downloaded the Zoom app. The client hadn’t grasped the

Sydney Harbour Bridge sml

Australia’s changing view of NZ and its businesses

New qualitative research commissioned by NZ Story Group reveals significant shifts in Australian consumers’ and businesses’ perceptions of New Zealand since 2015. New Zealand Story CEO David Downs says the findings reinforce that now is a critical time for New Zealand businesses to champion our shared history with Australia and build on their new-found respect for our progressive and inclusive society driven by our national values. “We’re witnessing significant shifts in the Australian psyche that signal admiration for the way we behave as a nation, what our businesses and culture can offer and the improved outcomes that can be achieved through collaboration,” says Downs. Australia’s view of itself is changing – and that is influencing its growing admiration for the

Rising food costs

The year of the virtual pay cut

A new survey highlights the failure of wages to keep pace with inflation in New Zealand. It’s time for business owners to offer relief where they can. With inflation hitting a three-decade high last month, wages are failing to keep pace, and the majority of New Zealand’s workforce are in line for a ‘virtual’ pay cut this year. A survey of 954 Kiwi workers this month by leading recruitment agency Frog Recruitment revealed more than 80 percent of workers had either not had a pay increase this year or for the minority that have, the pay increase falls short of the 7.3 percent inflation rate. Thanks to the pandemic, supply-chain struggles, and the war in Ukraine, New Zealand inflation climbed