The Commerce Commission has released its draft determination on our application for authorisation this week. We’re seeking permission to work with open banking stakeholders to make partnering simpler and more efficient, including an accreditation scheme and common terms and conditions for banks and third parties to use. The Commission has proposed approval of our application with conditions. We’re reviewing the draft determination in detail before giving our feedback as part of the process. We’re confident this type of partnering framework will make it easier for banks and third parties to work together – ultimately accelerating the growth of open banking in Aotearoa New Zealand. Read more on our website here: https://lnkd.in/gTW7m_Q3 #OpenBanking #APICentre #PaymentsNZ #FuturePayments
Great - taking all involved on the journey is a good approach I find - well done!
Well done Payments NZ
Solid progress, well done to all the team.
Congratulations PNZ and Steve Wiggins; that’s a positive move forward 👍