With the Commerce Commission releasing a draft report outlining how our banking sector is uncompetitive, now is the perfect time to talk about disruption in the world of financial services.
First, Dosh chief executive and co-founder Shane Marsh weighs in on the state of the New Zealand financial services sector with a view on how we got to this point of staleness and lack of competition, with four Australian banks dominating the industry.
Then, Immersve CEO and co-founder Jerome Faury zooms out further to ask how NZ can avoid being left behind as the world of payments speeds ahead worldwide.
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Reading list
Featured on the podcast
- Personal banking services market study Draft report - Commerce Commission
- Immersve website
- Dosh website
- Major banks face no strong competition: Commerce Commission - BusinessDesk
- ComCom: Big four banks may limit rivalry to boost profits - BusinessDesk
From around the web
- AI Is Putting the Silicon Back in Silicon Valley - Bloomberg
- OpenAI heading to Hollywood to pitch revolutionary Sora - Deadline
- Twitter usage in US ‘fallen by a fifth’ since Elon Musk’s takeover - The Guardian
- The $665 million crypto fund roiling the AI safety fight - Politico
- BNZ ‘systems issue’ causes online banking to go down - Stuff
- Blackbird slashes valuations of top Aussie startups - AFR
