Booster's Savvy debit card has been named a finalist in two categories at the Fintech Futures 2024 Banking Tech Awards.
The awards provide global recognition for excellence in the financial technology sector. Savvy, a transactional account linked to an investment fund, has been recognised in the 'Best User/Customer Experience Initiative for Consumers' and 'Best Use of Tech in Private Banking/Wealth Management' categories.
These nominations place Savvy among esteemed competitors such as J.P. Morgan, Morgan Stanley, Wells Fargo, and Merrill Wealth Management.
Booster's Chief Customer Officer, Diana Papadopoulos, was enthusiastic about the recognition. "Being recognised alongside big global companies in these awards proves that Savvy is a world-class product," she stated.
She elaborated on Savvy's features, describing it as a "highly innovative, digital account with a Mastercard debit card that earns people a competitive rate of return (currently 4.75%). Savvy can also be used with EFTPOS if people don't want to use contactless payments or it's unavailable."
Papadopoulos also noted the significance of this recognition amidst ongoing discussions about the need for increased competition in the New Zealand financial services sector. "Savvy being named a finalist in these two awards coincides with a lot of focus in New Zealand right now on how much more competition is needed in the financial services sector. So, we're really pleased that Savvy is making its mark here in New Zealand and globally as well," she added.
Booster is a financial services provider based in New Zealand specialising in investment and savings solutions. The company offers a range of products, including managed funds, KiwiSaver schemes, and transactional accounts like Savvy. Booster focuses on delivering competitive rates and user-friendly digital experiences to enhance customer engagement and meet diverse financial needs.
The recognition of Booster's Savvy debit card as a finalist in two categories at the Fintech Futures 2024 Banking Tech Awards underscores its innovative approach in the financial technology sector. This acknowledgement comes at a time when there is a growing emphasis on increasing competition within the New Zealand financial services market.
The winners of the Fintech Futures Banking Tech Awards will be announced at a gala dinner in London on 4 December.
