Kiwibank too small to keep up on open banking

Kiwibank CTO Hamish Rumbold says it's normal practice for bigger banks to implement open banking first. (Image: Kiwibank)

Ben Moore

Fri, 02 Jun 2023

The largest New Zealand-owned bank is lagging behind the Australian banks when it comes to keeping up with technological advancements.In an announcement outlining when banks will be expected to launch APIs (application programming interfaces) that will allow customers to be able to share their banking data with third-party providers, ANZ, BNZ, ASB and Westpac are all committing to next year.An API that meets the standard just for enabling payments has a due date of May 2024, while one that includes other data is set for September that year.Kiwi...

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