'Sooner the better’ for consumer data rights, says commerce minister

'Sooner the better’ for consumer data rights, says commerce minister
Duncan Webb said that consumer data rights and open banking is good for competition. (Image: BusinessDesk)
Ben Moore
The theme for FinTech Hui Taumata 2023 was ‘from Aotearoa to the world’ but the potential for digital exports was far from the most interesting part of the day.New minister for commerce and consumer affairs, Duncan Webb, took to the stage for his first ever ministerial address at the conference, which included 300 of NZ’s biggest financial technology advocates.Webb used the opportunity to throw his support behind open banking, asserting that control of consumers' financial data needed to be taken away from banks to improve...

More Finance

No longer 'boutique' Generate is executing, CEO says
Finance

No longer 'boutique' Generate is executing, CEO says

The fund manager is now the seventh-largest KiwiSaver provider.

Gregor Thompson 09 May 2025
ANZ half-year profit surges on non-cash gains
Finance

ANZ half-year profit surges on non-cash gains

Cash earnings were flat, and net interest margin rose slightly.

Pattrick Smellie 08 May 2025
BNZ preserves margins on flat half-year
Finance

BNZ preserves margins on flat half-year

BNZ outranks its Australian cousins for customer preference.

Pattrick Smellie 07 May 2025
Westpac's NZ net interest margin expands again
Finance

Westpac's NZ net interest margin expands again

Net interest margins rose in NZ, but shrank for the group as a whole.

Pattrick Smellie 05 May 2025