Keeping up with change: Techweek ’17

A disappointing statistic was presented by KPMG last week: around two-thirds of tech projects undertaken by New Zealand businesses fail. Only 29% of all projects are delivered on budget, 21% deliver on benefits and 33% end up meeting the business objectives.

Like many, businesses are struggling to keep up with the fast pace of technological change and New Zealand companies lag behind the rest of the world when it comes to cyber security. Continue reading…

BNZ opens free co-working space in Christchurch

At BNZ we love supporting entrepreneurs to grow their business and want to help businesses work together to build new relationships and create a culture of collaboration and innovation.

Christchurch is a community that’s proven it’s full of strong, resourceful and collaborative people so we’re excited to announce that we’ve opened a free co-working space for small to medium enterprises in Christchurch’s CBD called community101.

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Record number of BNZ Start-Up Alley entries

BNZ Start-Up Alley is one of the highlights of Webstock, the globally significant celebration of the web and gathering of its makers. This year will be no different with a record number of entries into the competition and yet another six fantastic finalists gearing up to pitch their idea to a panel of expert judges on February 16 at the St James Theatre in Wellington.

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Setting up a foreign exchange strategy for your business

New Zealand is a great place to do business and consistently ranks at or near the top of annual lists put together by the likes of Forbes and the World Bank when it comes to ease of doing business. It’s also a small market and that means local businesses in search of growth often look overseas.

Trading overseas, either through exporting or setting up shop off shore, brings with it a number of new business challenges that can vary from territory to territory. Continue reading…

Modica Group’s tips for expanding your business overseas

Deloitte Fast 50 2016 finalist, Modica Group, is a New Zealand company making a name for itself internationally in the fast growing world of enterprise messaging services. Not content with being a mere player, Modica has big plans for redefining the global EMS (enterprise messaging services) market and already it has operations in Australia, South-East Asia, The Dominican Republic and the USA. We spoke to Modica Chief Marketing Officer, Ben Northrop, to find out how they’ve grown and why international expansion is crucial for so many New Zealand businesses.

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Brexit still got you on edge?

BNZ Private Bank Analyst Chris Stephens, takes a closer look at the impact of Brexit on global financial markets and some of the other key issues that could affect investment returns going forward.

In the week that followed the UK’s referendum vote to exit the European Union (EU), global financial markets fell heavily, but quickly recouped their lost ground. In fact, during the three months since the vote, investors have been quick to shift their focus away from Brexit to other issues that may impact investment returns.

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Auckland’s housing market: What you need to know when buying

BNZ’s Chief Economist Tony Alexander reflects on a few factors to be aware of if you’re looking at investing in the Auckland property market.

Back in the Weekly Overview of November 1, 2012, I produced a list entitled, 19 Reasons Why Auckland House Prices Will Keep Rising. Since then prices on average have risen 65% and while we see minimal chance of another 65% rise over the next four years, it still looks like prices will rise further. Continue reading…