Heartland Bank partners with online livestock platform

MEDIA RELEASE

11 May 2017

Heartland Bank partners with online livestock platform StockX

Heartland Bank has partnered with online livestock trading platform StockX to provide its customers with direct access to the bank’s livestock finance platform, www.openforlivestock.co.nz, while they are considering livestock purchase and finance options.

Heartland Bank’s Head of Rural, Ben Russell, says the StockX partnership has been driven by the bank’s focus on providing customers with speed and certainty in their loan application experience, a key objective of Heartland’s digital strategy.

“StockX is an online livestock trading platform for New Zealand farmers who we know are increasingly accessing information, and seeking to transact, online.

“Now, StockX customers can apply for livestock finance with Heartland Bank directly from the StockX website in real time, as they consider their livestock purchase options,” says Ben Russell.

Finance applications take a couple of minutes, with an immediate decision* so farmers can make livestock purchase decisions on the go.

"Timing is critical in agriculture, particularly in livestock production and trading, which is why we’re confident the StockX and Heartland Bank partnership will enable farmers to purchase and finance livestock quickly and efficiently, without compromising sound and considered purchase decisions,” he adds.

Russell acknowledges that farmers have a wide range of choice in how they purchase, market and finance livestock, and says online platforms like StockX and www.openforlivestock.co.nz increase choice for all participants in the industry.

Managing Director of StockX, Jason Roebuck is delighted to be able to offer clients an online finance option directly from the StockX website.

“While our clients are free to finance their livestock however they wish, we wanted to provide them with an online option that aligned with our digital strategy and Heartland and www.openforlivestock.co.nz were the obvious choice.”

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