"The question is, who supports the bill? Well, honestly, basically everyone."

That's what Commerce and Consumer Affairs Minister Andrew Bayly said about the Customer and Product Data (CPD) Bill at its first reading, and sure enough, every other party representative followed with their support.

The CPD Bill is the legislative force that mandates the sharing of customer data by organisations, starting with financial institutions - in other words, open banking.

So what is it about the Bill that has earned cross-party support? What changes will it bring for people across NZ? And why is NZ's open banking rollout already looking more promising than the UK's and Australia's?

Fintech leaders Josh Daniell from Akahu and Adrian Smith from BlinkPay join us to answer those questions and more.

Plus, what happened at Soul Machines, and Minister Judith Collins' big plans to bolster AI uptake.

Reading list

"The question is, who supports the bill? Well, honestly, basically everyone."
That's what Commerce and Consumer Affairs Minister Andrew Bayly said about the Customer and Product Data (CPD) Bill at its first reading, and sure enough, every other party representative followed with their support.
The CPD Bill is the legislative force that mandates the sharing of customer data by organisations, starting with financial institutions - in other words, open banking.
So what is it about the Bill that has earned cross-party support? What changes will it bring for people across NZ? And why is NZ's open banking rollout already looking more promising than the UK's and Australia's?
Fintech leaders Josh Daniell from Akahu and Adrian Smith from BlinkPay join us to answer those questions and more.
Plus, what happened at Soul Machines, and Minister Judith Collins' big plans to bolster AI uptake.
<a href="https://businessdesk.co.nz/article/technology/business-of-tech-will-sharing-data-really-improve-banking-yes">Reading list</a>

The Business of Tech, hosted by leading tech journalist Peter Griffin and BusinessDesk Technology editor Ben Moore.  Every week they take a deep dive into emerging technology and news from the sector to help guide the important decisions all Business leaders make.

Issues such as cybersecurity, retaining trust after a cyberattack, business IT needs, purchasing SaaS tools and more.

New Episodes out every Thursday. Follow or subscribe to get it delivered straight to your favourite podcatcher.

@petergnz

@bentm_journo

@businessdesk_nz

Proudly sponsored by 2degrees Business!

The Business of Tech, hosted by leading tech journalist Peter Griffin and BusinessDesk Technology editor Ben Moore.  Every week they take a deep dive into emerging technology and news from the sector to help guide the important decisions all Business leaders make.
Issues such as cybersecurity, retaining trust after a cyberattack, business IT needs, purchasing SaaS tools and more.
New Episodes out every Thursday. Follow or subscribe to get it delivered straight to your favourite podcatcher.
@petergnz
@bentm_journo
@businessdesk_nz
Proudly sponsored by 2degrees Business!

The Business of Tech

Will sharing data really improve banking? Yes

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/f9d788c1-07c7-433a-a54c-b1be0040bd12/transcript

Advertisement