Ministry of Justice
Ministry of Justice
Ministry of Justice
The New Zealand Bankers’ Association today warned people to beware a telephone survey scam.
Cautious members of the public have reported receiving unsolicited calls from an organisation called the “Bankers’ Association of New Zealand” claiming to be doing a customer satisfaction survey and seeking personal information.
“We strongly encourage people not to engage with these callers. They do not represent the New Zealand Bankers’ Association and are highly likely trying to obtain personal information for criminal purposes,” say New Zealand Bankers’ Association chief executive Karen ScottHowman.
“Never give out personal information to unsolicited callers. That includes your full name, date of birth, bank account details and PINs and passwords.
“Neither the Bankers’ Association nor your bank would ever ask you for confidential information such as your PIN or password.
“If in doubt, just hang up.
“We’d like to thank the vigilant members of the public who reported this scam to us. We all have a role to play in keeping ourselves and our information safe from fraudsters,” says Scott-Howman.
More information on scams and how to avoid them is available here.
The issue is banks require home loans to be secured against an asset. From a responsible lending and risk perspective, banks will not lend without security, or lend an amount greater than the value of the security.
Where bankers may once have shunned technology, the opposite is true today. This century
we’ve seen a massive leap in access to personal digital technology. That’s clearly reflected
in how we’re now banking. These technological advances mean we’re managing our money
in ways that many did not foresee. What’s behind these changes, and what does the future
hold?
The New Zealand Bankers’ Association announced today that the Industrial and Commercial Bank of China (New Zealand) Ltd has joined the association, bringing the total number of member banks to 16.
New Zealand Bankers’ Association chief executive Karen Scott-Howman says: “We are delighted to welcome ICBC to the Bankers’ Association. China is one of New Zealand’s top trading partners. Having Chinese banks here helps take that important relationship to another level.
“ICBC’s participation in the New Zealand banking industry further enhances competition and diversity in the sector”, adds Scott-Howman.
Industrial and Commercial Bank of China (New Zealand) chief executive Qian Hou says: “ICBC’s aim is to strengthen trade opportunities between China and New Zealand, and also to contribute to the New Zealand economy by investing in infrastructure projects.”
ICBC was the first Chinese bank to gain a licence to operate in New Zealand. The bank offers its clients comprehensive corporate and retail services with a focus on boosting the bilateral economic and trade relationship between New Zealand and China.
As the voice of the banking industry, the New Zealand Bankers’ Association supports a strong and stable banking system that benefits New Zealand. Member banks work together on a range of non-competitive industry issues.
Other New Zealand Bankers’ Association members are ANZ New Zealand, ASB Bank, Bank of China, Bank of New Zealand, Bank of Tokyo-Mitsubishi UFJ, Citibank, The Co-operative Bank, Heartland Bank, Hong Kong and Shanghai Banking Corporation, JPMorgan Chase Bank, Kiwibank, Rabobank New Zealand, SBS Bank, TSB Bank, and Westpac New Zealand.
New Zealand banks have come out strongly against their regulator’s plans to enforce its proposed dashboard quarterly disclosure regime on them.
Karen Scott-Howman has a black belt in karate, was once a documentary producer and helped launch New Zealand’s first national spelling bee. It’s not quite the background you would expect from a Wellington lawyer whose job is to be the voice of the banking industry.
Ministry of Justice/Law Commission