"The question is, who supports the bill? Well, honestly, basically everyone."
That's what Commerce and Consumer Affairs Minister Andrew Bayly said about the Customer and Product Data (CPD) Bill at its first reading, and sure enough, every other party representative followed with their support.
The CPD Bill is the legislative force that mandates the sharing of customer data by organisations, starting with financial institutions – in other words, open banking.
So, what is it about the Bill that has earned cross-party support? What changes will it bring for people across NZ? And why is NZ's open banking rollout already looking more promising than the UK's and Australia's?
Fintech leaders Josh Daniell from Akahu and Adrian Smith from BlinkPay join us to answer those questions and more.
Plus, what happened at Soul Machines and Minister Judith Collins' big plans to bolster NZ's AI uptake.
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Reading list
In the episode
- Tech Insider: Founders Greg Cross and Mark Sagar out, new investor in at slimmed-down AI firm Soul Machines - NZ Herald
- UK filing offers glimpse of Soul Machines' financials - BusinessDesk
- Soul Machines founders step down as directors - BusinessDesk
- Collins lays out plans to boost NZ’s AI uptake - BusinessDesk
- Customer and Product Data Bill — First Reading - New Zealand Parliament
From around the web
- OpenAI on track to make a $5 billion loss - report - PC Gamer
- Apple intelligence to miss initial release of ios18 - Bloomberg
- Google Says Sorry After Passwords Vanish For 15 Million Windows Users - Forbes
- Elon Musk signals reaching limit of Tesla’s HW3 despite self-driving promise - Electrek
- The music industry is engineering artist popularity – listeners are right to be angry - The Guardian
- 'Do you mind listening to that with headphones?' How one little phrase revolutionised my commute - The Guardian
- Microsoft calls for Windows changes and resilience after CrowdStrike outage - The Verge
