Open banking stories

Data quality gives banks a scalable route to digital trust, cutting fraud and false positives while speeding onboarding, KYB and AI-driven checks.

MAS and Feijoa offer KiwiSaver round-ups as members can divert spare change from everyday spending into retirement savings at no extra cost.

Plaid builds a foundation model to improve transaction analysis, lifting income classification and loan payment detection across financial services.

Stacked unveils New Zealand's first locally built self-custody Bitcoin wallet as it broadens beyond payments and targets Kiwi users.

Paysecure and Yaspa team up to add open banking, fraud controls and account-to-account payments to merchants' checkout flows.

Personetics and Atomic team up to let banks prompt deposit and bill switching inside apps, aiming to cut friction and boost primary relationships.

OpenFX secures USD $94 million to scale real-time cross-border payments, after growing annual volumes to more than USD $45 billion and adding 100-plus clients.

Thunes wins Juniper Research top-three nod for cross-border payments as network breadth, interoperability and stablecoin links reshape the market.

New Zealand's open banking rollout is set to expose weakly secured AI tools in financial services, with certification fast becoming a must-have.

New Zealand will extend regulated open banking to SME banking channels from June 2027, giving smaller firms wider access to fintech tools and automation.

Digital wallets still lead Asia-Pacific payments, but account-to-account rails are rising fast in Hong Kong, Thailand and Singapore, Global Payments says.

Nium unveils a stablecoin card issuance platform that lets businesses spend digital dollar balances via Visa and Mastercard through one API.

OpenID Foundation appoints Kantara Initiative to oversee testing service applicants as it expands independent assurance for digital identity standards.

Visa rolls out enhanced Subscription Manager for issuers, letting banks offer in-app controls for recurring payments as subscription spending surges.

Auckland fintech Anteup is building a mortgage marketplace where banks compete for borrowers, aiming to simplify home loans and refinancing.

Airwallex appoints Sir Bill English as chair of its New Zealand board as the fintech expands local services and says annual payment flows have surged.

Solana unveils an API-based developer platform for banks and payment firms, backed by Mastercard, Worldpay and Western Union pilots.

Mobile money transactions topped USD $2 trillion in 2025 as global use surged, led by Sub-Saharan Africa but with growth across all regions.

Venmo now lets users send USD $ transfers directly to PayPal accounts in 90 markets, creating a global person-to-person payments link.

Austrian startup TACEO unveils encrypted shared network to run finance, identity and AI workloads without exposing sensitive data.