Latest news and updates from the API Centre

Looking Ahead - Open Banking in Aotearoa New Zealand

In a new report, Looking Ahead – Open Banking in Aotearoa New Zealand, we undertake a fresh assessment of how the sector is placed, where it is headed next, and the evolving role of the centre into the future. 

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Payments NZ responds to draft Customer and Product Data Bill, commitment to open banking

Payments NZ welcomes the release of the exposure draft of the Customer and Product Data Bill, which will bring in a Consumer Data Right (CDR) for Aotearoa New Zealand.

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Submission on the Customer and Product Data Bill

Payments NZ made a submission on the exposure draft of the Customer and Product Data Bill, which will allow customers to safely access, and exchange data held about them.

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Open banking implementation timeline set for largest banks

Aotearoa New Zealand’s four largest banks will all be live with the Payments NZ API Centre’s open banking standards over the next 18 months. 

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2023 and beyond: Open Banking, here to stay

As Aotearoa New Zealand progresses its Consumer Data Right (CDR), the opportunity exists for right-sized regulation to complement the industry-led development and implementation of open banking in Aotearoa.

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Due diligence service now available

We’re pleased to announce that our new API Centre due diligence service is now available to all of our API Standards Users.

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Payments NZ statement on open banking

Payments NZ and the API Centre are pleased with Minister Clark’s announcement this morning that banks will be the first sector to be designated under Aotearoa New Zealand’s Consumer Data Right (CDR) framework.

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November 2022 update

The API Centre has continued to make great progress across our wider work programme. In particular, the focus of the centre has been on continuing to lead the industry by developing new and updated best practice guidelines. 

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