Open banking firm ‘Revolut’ has applied to become a registered bank in New Zealand.
Revolut already offers a “one stop-shop" money management app here with payment, card and money management services.
It says with a banking license it could further offer things like credit cards, consumer loans and mortgages.
Massey University Banking Expert Claire Matthews joins the show.
LISTEN ABOVE.

Gavin Grey: UK correspondent on Labour's poor showing at the local elections
03:41

Geoff Bertram: energy economist on the Greens calling for the Government to bring down power prices
05:43

Shane Solly: Harbour Asset Management expert on the market reactions to the 'no deal' announcement on the Middle East conflict
03:07