open banking

Major banks 'locking in' their market power and hindering fintechs, the Commerce Commission says, adding BNZ 'has not met our expectations'

Major banks 'locking in' their market power and hindering fintechs, the Commerce Commission says, adding BNZ 'has not met our expectations'

‘Businesses may have no option but to reflect those costs in their pricing’: Retailers and hospitality sector say Government’s surcharge ban raises wider issue of pricing

‘Businesses may have no option but to reflect those costs in their pricing’: Retailers and hospitality sector say Government’s surcharge ban raises wider issue of pricing

The Government will ban card payment surcharges, 'shoppers will no longer be penalised’ for how they pay, Commerce and Consumer Affairs Minister Scott Simpson says

The Government will ban card payment surcharges, 'shoppers will no longer be penalised’ for how they pay, Commerce and Consumer Affairs Minister Scott Simpson says

UBS analysts anticipate that the Australian banks will likely respond over time to the card surcharges removal by raising cardholder fees, reducing rewards on credit cards, and potentially increasing interest rates

UBS analysts anticipate that the Australian banks will likely respond over time to the card surcharges removal by raising cardholder fees, reducing rewards on credit cards, and potentially increasing interest rates

API fees are a tariff on open banking competition, Prosaic's Nick Houldsworth says

API fees are a tariff on open banking competition, Prosaic's Nick Houldsworth says

Financial Markets Authority picks six fintechs to test out new ideas in a regulatory sandbox pilot programme to take place this year

Financial Markets Authority picks six fintechs to test out new ideas in a regulatory sandbox pilot programme to take place this year

Banking the first sector to apply the newly enacted Consumer Data Right

Banking the first sector to apply the newly enacted Consumer Data Right

Fintechs, or financial technology companies, are touted as a threat to banks and a way to boost banking competition. But should the big banks be quaking in their boots?

Fintechs, or financial technology companies, are touted as a threat to banks and a way to boost banking competition. But should the big banks be quaking in their boots?

Big tech & fintech should be included, along with banks, Visa and Mastercard in Commerce Commission payments regulation, ASB CEO Vittoria Shortt argues

Big tech & fintech should be included, along with banks, Visa and Mastercard in Commerce Commission payments regulation, ASB CEO Vittoria Shortt argues

Bell Gully's Richard Massey & Ravi Maharaj provide an update on the Consumer Data Right following a key Select Committee report

Bell Gully's Richard Massey & Ravi Maharaj provide an update on the Consumer Data Right following a key Select Committee report

Consumer watchdog eyes $260m annual fee reduction for businesses accepting Mastercard & Visa cards, lower surcharges for consumers

Consumer watchdog eyes $260m annual fee reduction for businesses accepting Mastercard & Visa cards, lower surcharges for consumers

Citing 'an obligation of confidence,' Commerce Commission declines to name Chairman John Small's recalcitrant bank

Citing 'an obligation of confidence,' Commerce Commission declines to name Chairman John Small's recalcitrant bank

Fintechs could be stymied by costly and differing access to open banking application programming interfaces

Fintechs could be stymied by costly and differing access to open banking application programming interfaces

Interest.co.nz goes on a search for Commerce Commission Chairman John Small's 'recalcitrant' bank

Interest.co.nz goes on a search for Commerce Commission Chairman John Small's 'recalcitrant' bank

Commerce Commission Chairman John Small says 'cordial discussion' with CEO of a bank 'recalcitrant' on open banking proved fruitful

Commerce Commission Chairman John Small says 'cordial discussion' with CEO of a bank 'recalcitrant' on open banking proved fruitful