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BDFL - Memuneh
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# 126936 24-Jul-2013 14:12
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This is from the Westpac App Challenge:


Westpac is launching an initiative to crowdsource ideas for mobile banking apps from New Zealand developers and designers with up to $70,000 of incentives and the opportunity for those chosen to take their app to the world.

The objective of The Westpac App Challenge is for developers and designers to use their experience as a bank customer and their expertise in development to make a process or service faster and easier via a mobile app.

Head of Digital, Simon Pomeroy, said app developers and designers are in a unique position and collaborating with them is an obvious thing to do.

“Like most New Zealanders they are the customer of a bank and like many Kiwis there will be some interaction with that bank, whether a process or a service for consumers or a business, that they know an app could improve,” Mr Pomeroy said.

“The key thing is that a developer and designer have the skill and expertise to create a solution with an app and we want a win-win situation where our customers get a benefit and we might be able to help New Zealand skills onto the world stage in the process.”

On offer are incentives valued up to $70,000 and the opportunity to leverage their app anywhere in the world outside of New Zealand and Australia once the app is live locally.

The Westpac App Challenge is open to individuals, teams and organisations. From the entries, at least five will be chosen to give a 15 minute presentation of their concept to a panel of judges from which at least two will be chosen to be developed.

The developers or designers of the selected apps will each receive $10,000 and will have the opportunity to work with Westpac while it is implemented (with funding to come from a special $50,000 development fund). They will retain ownership of the intellectual property rights in the app which they can then utilise outside New Zealand and Australia.

“We have deliberately been wide in the brief to encourage innovative and creative thinking. We don’t want to prescribe a narrow field of focus because we want to encourage their unique perspective and skills.” Mr Pomeroy said.

“Westpac has an innovative pipeline of digital and mobile releases scheduled over the next year that we are excited about and we hope this contributes further to that.”

Westpac will be travelling the country talking to incubators, developer and designer groups, tertiary institutes and also secondary schools that have strong IT and computer curriculums.

Entries will close 13 September 2013. A fully operating app is not essential although the more developed the concept the better. Entrants will need to be clear on the purpose of their app, how it benefits users and how it makes a banking process or service faster and easier.


Did I say I am one of the judges?






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  # 865057 24-Jul-2013 14:17
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very nice idea. More businesses should do this.

(plus I bet they will end up with an app that is way better that they could have built, but only cost them $70k to build instead of $250+ which is what they would probably pay under normal circumstances)



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  # 865068 24-Jul-2013 14:24
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Pretty pleased to see this TBH, i used to bank with ASB and they had brilliant mobile apps. Moved to Westpac a while ago, and have been pretty disappointed with their offerings so far. Hopefully this will change that!

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  # 865076 24-Jul-2013 14:31
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Does the "opportunity to work with Westpac while it is implemented" mean the selected developers have to be available to Westpac as an FTE during business hours during the implementation period?



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  # 865077 24-Jul-2013 14:32
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I don't think so. What I know is that at some stage if you have a good idea that needs "data" you could work with their sandbox system to make it compatible.




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  # 865081 24-Jul-2013 14:36
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freitasm: I don't think so. What I know is that at some stage if you have a good idea that needs "data" you could work with their sandbox system to make it compatible.


Ah, sweet, sounds good. Thanks :)

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  # 865132 24-Jul-2013 15:11
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Cynic: they're trying to get free development. Any mobile app worth having would cost FAR more than $70K to develop, once you take into account coming up with the concept, BA, architecture, design, implementation (the easy part), testing (functional, performance, and security), and maintenance. To be fair they'd have to test and maintain it no matter what.

 
 
 
 


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  # 865290 24-Jul-2013 18:31
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Maybe they should spend the 70k on making an app for windows phone.

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  # 865304 24-Jul-2013 18:49
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Abo: Maybe they should spend the 70k on making an app for windows phone.

Only if they have sufficient windows phone customers.

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  # 865306 24-Jul-2013 18:51
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Abo: Maybe they should spend the 70k on making an app for windows phone.


They might get the feasibility and design work done for $70k....maybe



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  # 865316 24-Jul-2013 19:15
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I think you folks are missing the fact many students and small companies would be very grateful to be able to get some funding for development and keep IP and rights to sell the results outside the A/NZ markets.

Lots of small startups and students have some great ideas but have no way to put that in front of someone who could say "yes, that's interesting, let's push it ahead."

For many this could possibly be the help they need to get things going. The fact the bank is not keeping the IP for themselves means a lot for small companies/developers.

That's the main reason I agreed to participate in the panel.

And no, I am not being paid to be in the panel (as I am not paid to be a HiTech Awards Judge either).




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  # 865327 24-Jul-2013 19:31
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I hope good things come out of this both for developers and Westpac.

I absolutely balked at the very fact they could settle for an online banking platform that has no secure bank mail functionality or the ability to pay extra off a floating loan. Most online tasks that I took for granted on other banks is an impossible ask for Westpac, when questioned the response I got was visit us on a branch or call us to sort you out.

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  # 865358 24-Jul-2013 20:20
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Mobile apps are usually designed for quick things people want to do on the go, and rarely include the full range of functions of a full internet banking website. I really don't think paying off a floating loan from a mobile app is essential. If you really want to do that your phone has a web browser.

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  # 865365 24-Jul-2013 20:31
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timmmay: Mobile apps are usually designed for quick things people want to do on the go, and rarely include the full range of functions of a full internet banking website. I really don't think paying off a floating loan from a mobile app is essential. If you really want to do that your phone has a web browser.


That is not the point - the full site has no ability of doing that either

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  # 865369 24-Jul-2013 20:46
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ASB only just got that for mortgages. It's nice to have, but a 5 minute phone call for something few people do often doesn't seem unreasonable.

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