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

Abhishek Mukherjee, Paresha Sinha and Paul David Richard Griffiths ()
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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

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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.

Date: 2022
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Published in 2022

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05265572

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