Three things we need to finally get open banking working

Overseas it's common to be able to pay people using just their contact information. (Image: Getty) (Image: Getty)

Thu, 20 Oct 2022

The travails of fintech startup Akahu in trying to get access to customers' data from BNZ is symbolic of what is holding back our financial services sector. As BusinessDesk reported earlier this month, Akahu, which runs a data platform allowing customers of the big banks to use their financial account data in third-party apps like Dolla and Sugar Wallet, has been trying in vain for 18 months to finalise a data access deal with BNZ. The application programming interface (API) access Akahu is requesting is stock standard in many oth...

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