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Open banking is coming to New Zealand – here’s what we can learn from countries already doing it

Author

Listed:
  • Abhishek Mukherjee

    (Maulana Azad National Institute of Technology)

  • Paresha Sinha

    (University of Waikato [Hamilton])

  • Paul David Richard Griffiths

    (Métis Lab EM Normandie - EM Normandie - École de Management de Normandie = EM Normandie Business School, Henley Business School [University of Reading] - UOR - University of Reading)

Abstract

Traditional 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 service provider. This provider then uses the information to find the best deal for customers.

Suggested Citation

  • Abhishek Mukherjee & Paresha Sinha & Paul David Richard Griffiths, 2022. "Open banking is coming to New Zealand – here’s what we can learn from countries already doing it," Post-Print hal-05265572, HAL.
    • Handle: RePEc:hal:journl:hal-05265572
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