BANK of Melbourne – an innovative full-service bank that has joined the Victorian Leaders business development organisation as an Industry Partner – has taken a lead in secure mobile banking in Australia that will assist business.

It has launched new technology that allows customers to securely logon to mobile banking on their iPhone 5S, iPhone 6, or iPhone 6 Plus, by using the fingerprint sensor, known as Touch ID. 

The new technology will add further security and convenience for the increasing number of customers banking on their smartphones, according to Bank of Melbourne, and follows St George Banking Group’s announcement last month that it would be the first bank in the world to utilise the Touch ID technology for mobile banking.

Bank of Melbourne chief executive Scott Tanner said existing technology from fingerprint enabled-phones was used to build enhanced capability that allows customers to securely log on to mobile banking.

“An increasing number of our customers are doing their banking on mobile devices – that’s why the launch of Touch ID for mobile banking is such an important innovation for the industry,” Mr Tanner said.

“As far as we know, we’re the first bank to offer fingerprint logon to mobile banking.

“We’re excited to be at the forefront of innovation, providing quicker and easier ways for our customers to check their balance, transfer funds, and complete other transactions. We are building the bank of the future, today.”

The finger-sensor technology will be one option for customers to log on to mobile banking. The home screen of the Bank of Melbourne mobile banking app will have an option to securely use Touch ID or enter other security credentials, such as a security code or access number and password. 

The availability of Touch ID technology for mobile banking coincides with the release of Apple’s iOS8 operating platform last week, with customers now able to download the updated version of the Bank of Melbourne mobile banking app.

The fingerprint logon for mobile banking capability will also be extended to the Android-based Samsung Galaxy S5 in the coming months.

www.bankofmelbourne.com.au

www.vicleaders.com.au

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NATIONAL law firm Maddocks partner David Newman said the firm was proud to announce its role as a key Industry Expert in the Victorian Leaders initiative.

Victorian Leaders, which represents and fosters Victoria’s top business professionals from a broad range of professional disciplines, launched with its first event at Kooyong Tennis Centre on to commence on September 18.

Mr Newman said Victorian Leaders would assist the state’s leading private companies achieve sustainable growth, manage succession planning and evaluate entry and exit strategies for their businesses. They do this through the co-sharing of experience and leadership from Victorian Leaders Industry Partners, in conjunction with the knowledge and expertise of its Industry Experts.

“We have aligned ourselves with the Victorian Leaders Industry Experts initiative because of our mutual commitment to help growing companies and the Victorian economy by providing valuable ideas and tools that support its members,” Mr Newman said.

“By participating as an Industry Expert in the legal field, we have the opportunity to coach, mentor and network with its members, and hopefully along the way help them realise their potential to achieve their business goals,” Mr Newman said.

Maddocks was attracted to Victorian Leaders because of the way it operates a range of initiatives designed to benefit companies at different stages of growth including an Executive, Alumni, Founders, Future Leaders and Regional series.

“The individual initiatives are also tailored based on the specific outcome required,” Mr Newman said.

Other industry experts include the Victorian Government, RSM Bird Cameron, Altus Q, Australian Institute of Management, Traffica, Scottish Pacific and brand strategists DAIS. Industry Partners include the Bank of Melbourne, Business Acumen magazine, Corporate Travel Management and Levantine Hill.

Mr Newman said he felt Maddocks could assist the companies and business leaders involved with Victorian Leaders on their journeys, utilising the experience its legal teams have gained from providing premium legal services to corporations, businesses and governments throughout Australia and internationally.

“We advise across a diverse range of industry sectors, delivering advice from our Sydney, Melbourne and Canberra offices,” Mr Newman said.

“Our customised service is based on a deep understanding of our clients' legal requirements in the context of their business objectives.”

www.maddocks.com.au/about/partnerships

www.vicleaders.com.au

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