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Tech & Innovation
2 mins to read
2

Banks agree to timeline for implementing open banking standards

But third party open banking provider Akahu says there's more work to be done.

Will Mace Tue, 30 May 2023

New Zealand’s four largest banks have agreed to implement minimum open banking standards by November 2024.

ANZ, ASB, BNZ, Westpac must be ready by the end of May 2024 with the v2.1 Payment Initiation API standard, with the v2.1 Account Information API standard to follow by the end of November

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Will Mace Tue, 30 May 2023
Contact the Writer: william@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Tags
Open banking Payments NZ consumer data right Akahu API Centre Banks
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