Latest news and updates from the API Centre
Second implementation milestone reached as open banking rollout gathers pace
Aotearoa New Zealand’s four largest banks are now ready with a second key open banking standard, opening the door for banks, fintechs and third parties to offer a wider range of open banking products and services.
Aotearoa New Zealand open banking ecosystem map now live
The first-ever Aotearoa New Zealand Open Banking Ecosystem Map and Report has been unveiled at an industry event in Tāmaki Makaurau Auckland last night, Tuesday 5 Nov.
API Centre update – expiry of v1.0 Standards
The API Centre’s v1.0 Standards, deprecated earlier this year, will be expired from 30 May 2025.
Upgraded API Centre sandbox now live
Our upgraded API Centre sandbox is now live, providing an enhanced platform for testing open banking innovations against the latest industry API standards.
Updated minimum open banking implementation plan published
The API Centre has published an updated Minimum Open Banking Implementation Plan which sets dates for Aotearoa New Zealand’s five largest banks to be ready to partner using updated open banking standards.
Open Banking Showcase shows the future of payments in action
Open banking solutions and the people making it happen took centre stage at yesterday’s Open Banking Showcase, delivered by the API Centre ahead of a key implementation date for open banking.
Version 3.0 API standards released
We’re pleased to announce another milestone in the evolution of open banking in Aotearoa New Zealand, with the release of version 3.0 of our API standards.
API Centre update - deprecation of v1.0 Standards
This update sets out information about the deprecation of version 1.0.0 of the Payments Initiation and Account Information API Standards (“v1.0 Standards”).
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.
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.
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.
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.
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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