NZ seeks all-of-government banking proposals in first contract shakeup since 2004

Thu, 20 Jun 2013

June 20 (BusinessDesk) - The New Zealand government is seeking proposals to handle all the state sector’s banking needs, replacing a core transactional services contract held by Westpac Banking Corp since 2004. A discussion paper from the Ministry of Business, Innovation and Employment and the Treasury says the so-called master contract with Westpac “is no longer sufficient to meet the current and future banking needs of government.” It wants an integrated banking service contract of at least five years that provides economies of scale, bett...

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