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ComCom reinforces Kiwibank as maverick challenger

Final report into personal banking services suggests a well-capitalised Kiwibank and unlocking open banking to improve competition.

The Commerce Commission has again put the spotlight on Kiwibank.

The Commerce Commission has again suggested a “stronger” Kiwibank as a key disruptor to improve competition and services against large Australian-owned banks.

In addition, the competition watchdog said open banking was a “game-changer” to unlock competition and improve choice for consumers.

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Jonathan Mitchell Tue, 20 Aug 2024
Contact the Writer: jmitchell@nbr.co.nz
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ComCom reinforces Kiwibank as maverick challenger
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