BNZ stalls fintech Akahu at last mile of API deal

BNZ stalls fintech Akahu at last mile of API deal
Akahu founder Josh Daniell said the terms of an API deal with BNZ are agreed, but the bank is stalling on signing. (Image: Akahu)
Ben Moore
Tensions are rising between the Bank of New Zealand and Akahu, a local finance technology (fintech) company, as the country moves closer to open banking.Akahu gives businesses the ability to connect with consumers’ banking data to provide financial services.Akahu co-founder and chief executive Josh Daniell has published a blog post on the company’s website expressing frustration that BNZ has not yet signed an agreement, despite it accepting the terms in writing.The agreement would give Akahu safe and secure access to shared customer...

More Finance

Willis can do more to fix banking competition
Finance

Andrew Body: Willis can do more to fix banking competition

A competitive banking system needs more than lower capital adequacy ratios.

Andrew Body 02 Apr 2025
Credit card issuers fear ComCom proposals
Finance

Credit card issuers fear ComCom proposals

The proposed regulations will stifle banking competition, says Mastercard.

Pattrick Smellie 02 Apr 2025
RBNZ signals U-turn on bank capital requirements
Finance

RBNZ signals U-turn on bank capital requirements

A major shift at RBNZ's first public outing since Adrian Orr's sudden departure.

Pattrick Smellie 31 Mar 2025
Grenon seeks to end ‘futile’ NZME board stoush
Finance

Grenon seeks to end ‘futile’ NZME board stoush

It's time for the current board to fold 'em, says coup orchestrator. 

Pattrick Smellie 26 Mar 2025