Each year Canstar reviews the market to identify financial products and services that can be described as ‘innovative’and a first to market.
We assess both the degree of innovation and the overall impact the product could have. We also consider whether there are any other similar products available, ways in which the entry is different to existing products, whether it is a ‘first’ in New Zealand and whether it opens up any new markets. And of course something that is truly innovative can’t help but have that ‘wow’ factor.
The results are in for the 2015 Innovation Excellence Awards and this year we have chosen two outstanding products from 16 submissions – Westpac’s Augmented Reality Banking and ASB PayTag.