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Tech & Innovation
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Banks may control open banking partner process, with conditions

Payments NZ is seeking regulatory authorisation to collaborate over development of an API framework for partnering with fintechs.

Open banking is at an inflection point.

Will Mace Mon, 01 Jul 2024

The Commerce Commission intends to grant conditional authorisation to bank-owned industry body Payments NZ to lead the development of a standardised partnering framework behind the roll-out of open banking, but only for an 18-month period.

The regulator announced today it had reached a preliminary

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Will Mace Mon, 01 Jul 2024
Contact the Writer: william@nbr.co.nz
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Banks may control open banking partner process, with conditions
Tech & Innovation,
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