Open banking is coming to New Zealand – here’s what we can learn from countries already doing it
- Written by: Abhishek Mukherjee, Lecturer in Accounting and Finance., University of Waikato
Getty ImagesTraditional banks in New Zealand have long served as gatekeepers of customers’ data. This is about to change with the arrival of what’s called “open banking”, set to arrive in New Zealand by 2024.
In essence, open banking is where a traditional bank makes client and transaction data available to another financial...
