The big banks risk being disrupted by Big Tech

(Image: Getty)

Thu, 28 Mar 2024

It’s fair to say that the Commerce Commission’s personal banking services market study draft was received with fervent cheering by the New Zealand fintech sector.The collection of companies working in this space in NZ represents some of the most innovative software startups and service providers we’ve produced in any sector, ranging from Xero, the behemoth of the group, to Sharesies, Easy Crypto, First AML, Akahu, and Banqer.Collectively, they generated $1.8 billion in revenue in 2022, according to the Technology Investment Ne...

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