BNZ stalls fintech Akahu at last mile of API deal

BNZ stalls fintech Akahu at last mile of API deal
Akahu founder Josh Daniell said the terms of an API deal with BNZ are agreed, but the bank is stalling on signing. (Image: Akahu)
Ben Moore
Tensions are rising between the Bank of New Zealand and Akahu, a local finance technology (fintech) company, as the country moves closer to open banking.Akahu gives businesses the ability to connect with consumers’ banking data to provide financial services.Akahu co-founder and chief executive Josh Daniell has published a blog post on the company’s website expressing frustration that BNZ has not yet signed an agreement, despite it accepting the terms in writing.The agreement would give Akahu safe and secure access to shared customer...

More Finance

Contractor accused of evading construction debts
Finance

Contractor accused of evading construction debts

TCL's liquidation hearing will occur Thursday in the High Court at Invercargill.

Vulcan Steel first half profit plunges
Finance

Vulcan Steel first half profit plunges

The company slashed its dividend. 

Staff reporters 11 Feb 2025
Roundable investor sceptical about app future
Finance

Roundable investor sceptical about app future

Roundable: ‘An ongoing game of empty promises.’

Garth Bray 11 Feb 2025
Previous owner wants to buy back Airwork Holdings
Finance

Previous owner wants to buy back Airwork Holdings

‘There’s some value [in Airwork], but each day it is diminishing.’

Denise McNabb 11 Feb 2025