FinTechNZ

📢 𝗡𝗲𝘄 𝗭𝗲𝗮𝗹𝗮𝗻𝗱'𝘀 𝗖𝗼𝗻𝘀𝘂𝗺𝗲𝗿 𝗗𝗮𝘁𝗮 𝗥𝗶𝗴𝗵𝘁 𝗧𝗮𝗸𝗲𝘀 𝗮 𝗠𝗮𝗷𝗼𝗿 𝗦𝘁𝗲𝗽 𝗙𝗼𝗿𝘄𝗮𝗿𝗱 Exciting news for our fintech ecosystem! The New Zealand Customer and Product Data (CPD) Bill has passed its third reading in Parliament with unanimous cross party support, establishing a framework for Consumer Data Right (CDR) in Aotearoa. "While I would describe this as a 'signpost' legislation, the enablement is already well underway from the sector. Our challenge as a sector is to ensure further solution enablement with a good dose of accelerated partnering and investment to create a vibrant ecosystem," says Jason Roberts, Executive Director of FinTechNZ. Key impacts: • Consumers gain control over their data sharing • Implementation begins with the banking and electricity sectors • Accredited requestors can access data with customer authorisation The Government aims to enact the legislation in early 2025, with open banking regulations beginning December 2025. While sector enablement is already underway through PaymentsNZ and fintech innovators, we must: 1. Accelerate partnerships to build a vibrant ecosystem 2. Help Kiwi understand the practical benefits of these innovations Are you ready for the opportunities ahead? #ConsumerDataRight #OpenBanking #FinTechNZ #DigitalTransformation #Innovation

🚀 𝗠𝗮𝗿𝗰𝗵 𝗡𝗲𝘄𝘀𝗹𝗲𝘁𝘁𝗲𝗿: 𝗛𝘂𝗶 𝗧𝗮𝘂𝗺𝗮𝘁𝗮 𝗦𝘂𝗰𝗰𝗲𝘀𝘀 & 𝗧𝗵𝗲 𝗥𝗼𝗮𝗱 𝗔𝗵𝗲𝗮𝗱 𝗳𝗼𝗿 𝗡𝗭 𝗙𝗶𝗻𝘁𝗲𝗰𝗵 Our March newsletter is out, highlighting a watershed month for NZ fintech! The FinTech Hui Taumata 2025 brought together industry leaders, Minister Scott Simpson, and innovators to explore global payments evolution, USA fintech perspectives, and startup innovation. Congratulations to Goldie, our Start-up Pitch winner! Industry developments featured include the FMA's new outcomes-focused regulatory approach, the strategic partnership between Akahu, illion, Westpac New Zealand and Dosh New Zealand, and Swyftx's acquisition of Easy Crypto. We're delighted to welcome ten new members; Bolt group (Former Bano), Afterburner AI, Extraordinary, Flamingo, Kiwibank, Mambu, Mastercard, Static Technologies, Western Union and Zoho APAC to our growing community. Looking ahead, we're planning our Mini Hui, Growth Capital Summit and community events throughout 2025. Want to collaborate? Contact Jason Roberts! 📰 Read the full newsletter here > https://lnkd.in/gBu2pUZy #FinTechNZ #HuiTaumata2025 #Fintech #Innovation

📊 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗳𝗿𝗼𝗺 𝗥𝗶𝗰𝗵𝗮𝗿𝗱 𝗖𝗼𝗽𝘂𝘀, 𝗛𝗲𝗮𝗱 𝗼𝗳 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻 𝗮𝘁 𝗔𝗡𝗭, 𝗿𝗲𝗳𝗹𝗲𝗰𝘁𝗶𝗻𝗴 𝗼𝗻 𝗸𝗲𝘆 𝘁𝗵𝗲𝗺𝗲𝘀 𝗳𝗿𝗼𝗺 𝗛𝘂𝗶 𝗧𝗮𝘂𝗺𝗮𝘁𝗮 𝟮𝟬𝟮𝟱. In his thoughtful analysis, Richard explores how 2025 marks the convergence of AI capabilities with open finance, creating what he calls the shift from "Automation to Autonomy." This evolution toward a "Do It For Me" economy raises important questions about how financial services will evolve to act autonomously on behalf of consumers. Richard also highlights the critical role of collaboration in New Zealand's fintech ecosystem and how ANZ is supporting Open Banking to enhance data accessibility—the foundation for reimagined customer experiences. His perspectives align with the FMA's new outcomes-focused regulatory approach, which aims to "approach work from the perspective of New Zealand consumers and businesses" while reducing unnecessary regulatory burden. Read Richard's complete analysis on our website to understand how these developments could shape the future of financial services in Aotearoa. Read the full article here →https://lnkd.in/gWYAeHGj #FinTech #AgenticAI #OpenBanking #HuiTaumata2025 #FintechNZ

That's a wrap on the FinTechNZ Hui Taumata for another year! This year's Hui Taumata was packed with bold ideas, innovation, and thought-provoking discussions. A huge thank you to our speakers, sponsors, and attendees for making this event a success! Here are five of our standout moments from the day: 1️⃣ The Power of Tokenisation in Financial Services 🔹 Facilitated by Janine Grainger (Easy Crypto), Ryan Johnson-Hunt (MInstD) (DSG), Will M. (centrapay), and Paul M. (PAYMTS Limited) explored how tokenisation is revolutionising finance, creating more efficient, secure, and accessible digital assets. 2️⃣ Rethinking the Role of Payments 🔹 Coco Armstrong (Fiskil) shared key lessons from Australia’s open banking rollout, highlighting that payments dominate early use cases, but the future lies in open data-driven services. 3️⃣ Fintech investment trends: Global insights & NZ’s evolving landscape 🔹 Marty Kerr (NZ Fintech Fund) emphasised that New Zealand has a unique opportunity to lead in fintech innovation, but start-ups must focus on creating products that truly benefit consumers. 🔹 Daniel Teper (KPMG Australia) highlighted that venture capital is a milestone-based process—each funding round gets harder, and fintech founders must understand their key milestones to scale successfully. 4️⃣ Fintech’s Role in Financial Inclusion 🔹 Anthony Jones (Visa) highlighted how access to credit is becoming harder for younger generations, creating new challenges for homeownership and financial security. 5️⃣ The Next Wave of Fintech Innovation 🔹 Kate Eaglen (NZ Fintech Fund), Melissa Macfarlane (Constantinople), Georgia Grange (Revolut), and Robbie Taylor (Reserve Bank of New Zealand) discussed the growing role of digital assets, decentralised finance (DeFi), and open banking. 📸 Check out some of the awesome snaps of the day below and in our photo gallery here > https://lnkd.in/gRCjdi3F What was your biggest takeaway from the event? We’d love to hear your thoughts! Drop them in the comments below. 👇 #FinTechNZ #HuiTaumata2025 #Tokenisation #OpenBanking #DeFi #FinancialInclusion #FintechInnovation #EventHighlights Jason Roberts

🔥 Wrapping Up at the FinTechNZ Hui Taumata: Bold Moves, Extraordinary Results A powerful way to close FinTechNZ Hui Taumata 2025—Sam Stubbs (Simplicity) and Nicola Taylor (Tax Traders/Taxi) took the stage to explore the power of bold, values-driven partnerships and how Kiwi fintech can lead the way in making a real impact. 🔹 Why bold leadership matters in fintech 🔹 The role of partnerships in driving sector-wide success 🔹 How putting people and values first leads to long-term growth 💡 Key insight from Nicola: “Challenging entrenched systems isn’t just about disruption—it’s about creating financial systems that work for everyone. The real impact comes when we build solutions that foster inclusion, equality, and financial empowerment.” 💡 Key insight from Sam: “New Zealand is on the cusp of a financial transformation. With KiwiSaver set to grow to over $1 trillion, we are shifting from a capital-starved nation to a capital-rich one. This is the biggest opportunity for fintech in our history.” This session brought home one of the biggest themes of the day—bold, purpose-driven innovation is what will shape the future of fintech in Aotearoa. What’s your biggest takeaway from this session? Drop your thoughts below! 👇 #FinTechNZ #HuiTaumata2025 #BoldLeadership #FintechInnovation #PurposeDrivenBusiness

🚀 Thank You to Mambu & Banzpay for Showcasing Innovation at FinTechNZ Hui Taumata! A huge thank you to Mambu and Banzpay for sharing their expertise and showcasing their cutting-edge solutions at FinTechNZ Hui Taumata 2025! 🔹 Mambu – A global leader in cloud banking technology, Mambu’s composable platform enables financial institutions to build, scale, and adapt quickly in an ever-evolving industry. Their approach to flexible, cloud-native banking is helping businesses worldwide stay ahead of the curve. 🔹 Banzpay – A next-generation payments infrastructure provider, Banzpay is redefining how businesses process transactions with seamless, secure, and scalable payment solutions. Their focus on efficiency and interoperability is helping drive the future of payments. It was fantastic to learn more about how these companies are shaping the future of banking and payments. We appreciate their insights and look forward to seeing their continued impact in the fintech space! #FinTechNZ #HuiTaumata2025 #BankingInnovation #Payments #CloudBanking #FintechSolutions

🤖 Session spotlight from FinTechNZ Hui Taumata: People-First Banking, Fueled by AI This afternoon, Sulabh S. Sharma (Co-founder, Debut NZ) explored how AI is transforming banking by putting people at the centre of financial services. 🔹 How AI is reshaping customer experiences in banking 🔹 Balancing automation with human-centric financial services 🔹 The future of AI-driven innovation in fintech 💡 Key insight from the session: “AI is enabling a shift from reactive to proactive banking—where financial services don’t just respond to customer needs but anticipate them, offering personalised solutions in real-time.” As AI continues to revolutionise financial services, how can fintechs ensure innovation remains customer-first? Drop your thoughts below! 👇 #FinTechNZ #HuiTaumata2025 #AIinBanking #FintechInnovation #CustomerFirst

🚀 Fintech Investment Trends – What’s Next? 🚀 From earlier in the day at the FinTechNZ Hui Taumata, facilitated by Nicola Raynes-Pene (KPMG New Zealand); Marty Kerr (NZ Fintech Fund) and Daniel Teper (KPMG Australia) unpacked the latest fintech investment trends—both globally and here in Aotearoa. 🔹 Key insights from the KPMG Global Pulse of Fintech Report 🔹 How New Zealand’s fintech funding landscape is evolving 🔹 Opportunities in high-growth areas like neo-banks, infrastructure, and SME solutions 💡 Key insight from Dan: “Venture capital is a milestone approach to investing—you have to hit key milestones to raise the next round, and each milestone gets more difficult. More money at the start doesn’t always make it easier; it raises expectations and complexity from day one.” 💡 Key insight from Marty: “New Zealand has a unique opportunity right now—by leveraging our strengths and learning from global markets, we can position ourselves as a leader in fintech innovation and investment.” Thanks also to McGregor Fea (Altered Capital) for sharing your insights in the following panel discussion. With fintech investment trends shifting, where do you see the biggest opportunities for growth in New Zealand? Drop your thoughts below! 👇 #FinTechNZ #HuiTaumata2025 #FintechInvestment #StartupFunding #FintechGrowth

A huge turn out at the #fintechhui down at #shed10 today - our firm MinterEllisonRuddWatts continues its proud tradition to be a sponsor of this great event. Opened by Minister Scott Simpson, great to hear direction of policy set in place by Minister Andrew Bayly, continues without deviation and at pace. Key points: 💡- Customer and Product Data Bill being read under urgency this week, with enactment by end of month. 💡- regulatory sandbox has received 24 applications. Successful applicants to be announced soon. May extend sandbox to technology as well. 💡- focus to remove conservatism in banking sector, driven by recent regulatory legislation changes. Changes to CCCFA and COFI highlighted. More to be announced soon. 💡- while CPDA will start with banking, focus on electricity, insurance and telecommunications also mentioned as in spotlight. 💡- review of Fair Trading Act coming later this year alongside Companies Act reform too. Jeremy Muir Lloyd Kavanagh Steve Gallaugher Kate Lane #fintech #helpingshapenzfuture

I enjoyed the opportunity to engage in the conversation regarding regulatory settings at this year’s Fintech Hui. Having been on the receiving end of questions as a panel member at the Hui a couple of times in the past, it was a pleasant change to be able ask some, all of which were thoughtfully and eloquently responded to by the panel members. #fintechhui #fintech