Don’t wait for open banking regulations

It takes a long time for banks and government to get things done, so why wait?

Mon, 29 Mar 2021

New Zealand’s fintech community wants the government to accelerate regulation around consumer data rights and open banking but has been told not to wait until a framework is in place with a raft of services already available.Two key themes were top of mind for attendees of the Fintech Hui in Queenstown recently on how the government can support them: speeding up the consumer data rights consultation and open banking, and opening the borders to provide access to talent and international markets.However, firms have already adopted the tenet...

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