Smaller lenders interested, cautious as dawn of Open Banking nears: poll

All eyes on how the big banks use Open Banking. (Image: Getty)

Thu, 02 Oct 2025

A conga line of smaller lenders is as interested as it is cautious about the dawn of Open Banking, while the sector’s biggest players are ready to run with the new-fangled tech.The sea-change to an Open Banking era within months promises to loosen up the sector and will likely provide a boon of choice for customers.Open Banking goes operational on Dec 1. The big four Australian-owned banks would be involved from that date, with Kiwibank phased in. Other lenders would be able to opt in from Dec 1.Regulations for Open Banking are expected t...

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