BNZ implements account info sharing standard for open banking

BNZ is the furthest ahead on open banking implementation of any bank operating in NZ. (Image: NZME)

Tue, 27 Aug 2024

Bank of New Zealand is the first to market with adding account information sharing to its open banking capabilities.The Australian-owned bank confirmed that it met the standards for sharing customer account information for its application programming interfaces (APIs).APIs enable open banking by allowing other companies to securely connect to BNZ’s systems.The standard BNZ has now met is technically known as version 2.1.1, but is commonly referred to as “account information v2.1”, which is complementary to the “payments...

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