Briefs: Robbiati to leave FlexiGroup, Mint Payments partners with Tappr, SBS's record profit, BNZ's

Banking Day staff
  • FlexiGroup chief executive Tarek Robbiati announced his resignation yesterday and will leave the company in the second half of the year. Robbiati had a short tenure, joining FlexiGroup in 2013. Under his leadership the company expanded through the acquisition of Telecom Rentals New Zealand, ThinkSmart's Australian and New Zealand point of sale finance business and the consumer finance company Once.
  • Payments processor Mint Payments has signed an agreement with mobile point of sale terminal supplier Tappr to provide an "acceptance solution". Tappr will integrate its terminals with Mint's payment service, which accepts a full range of cards and payment method. Both companies specialise in providing payment services to small businesses.
  • New Zealand mutually owned regional bank SBS Group reported a record net profit of NZ$19.4 million for the year to March 31, up 24.3 per cent from a year ago. Lending by the Invercargill based group grew five per cent to NZ$2.39 billion, driven largely by growth in mortgage lending and through expansion into Auckland.
  • National Australia Bank's BNZ announced its chairman John Waller would retire from the boards of BNZ and NAB from August 1 after eight years to "spend more time with his family and pursue other interests." He will be replaced as BNZ chairman by current board member Doug McKay.
  • An article in yesterday's edition of Banking Day, "New .bank internet domain launches this week", referred to the company developing the new domain as fLTD Registry Services. The correct name is fTLD Regstry Services.