Clever Kash arrives to trumpet the magic of saving

Following the pilot launch of Clever Kash in September 2015 which generated interest from more than 53,000 Kiwi families, the first official release of ASB Clever Kash cashless moneyboxes have arrived in New Zealand.

The elephant-shaped moneybox, the next generation of ASB’s iconic yellow Kashin moneyboxes, provides a digital twist to earning pocket money, and is designed to get kids excited about saving.

Instead of holding physical notes and coins, Clever Kash will display the child’s account balance digitally, by interacting with the ASB Mobile banking app. Rather than scrambling for cash at pocket money time, parents can ‘swipe’ virtual notes and coins from their phone to Clever Kash. The screen on Clever Kash’s tummy keeps count and shows the child’s progress towards their savings goals.  

Clever Kash was developed by ASB and Saatchi & Saatchi New Zealand. The moneybox was developed in collaboration with ASB's Technology & Innovation Labs, the Saatchi & Saatchi innovation team, Assembly, 4Design and Kamahi Electronics and is being manufactured through The Warehouse Group Wholesale.

Saatchi & Saatchi has created a new campaign to announce the official arrival of Clever Kash that launched last night and will run across TV, digital and social.

ASB General Manager Marketing Shane Evans says Clever Kash and its associated software is the product of two years’ worth of ideation, iteration, design, development and testing, and it is great to now be able to share it with more Kiwi families.

“We believe Clever Kash to be a global innovation. It is exciting to extend ASB’s proud history of ground-breaking firsts and solving customer problems using technology,” Evans says.

Since the initial launch in September 2015, ASB has been testing Clever Kash with more than 250 families across the country to get feedback on what worked and where improvements could be made. Evans says they are thrilled with the positive reaction.

“The insights we’ve received via this customer-centric approach confirm it’s an innovation that hits the mark and will motivate kids to value and save money.”

Corey Chalmers, Executive Creative Director of Saatchi & Saatchi adds, “It is a wonderful moment seeing Clever Kash officially arriving into the hands of ASB’s littlest customers, knowing that he is going to make a real impact on our kids’ savings habits. Again, I want to thank our brilliant clients at ASB for their continued bravery, foresight and tenacity that has brought this magical idea to market.”

Clever Kash has been celebrated with a number of creativity and innovation awards including the Gold Lion in the cyber category at the Cannes Lions International Festival of Creativity in June 2016. At home, Clever Kash was awarded the Grand Axis and Grand Prix in the digital and interactive category at the 2016 Axis Awards. Clever Kash also contributed to ASB winning Canstar’s 2016 Award for Bank of the Year – Junior Banking. Most recently, Clever Kash was awarded the People’s Choice Award at the NZ Innovation Awards 2016.

Customers interested in receiving Clever Kash can join the waiting list through the ASB Mobile banking app or visit asb.co.nz/cleverkash for more information.

 


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