Banks agree to timeline for implementing open banking standards
But third party open banking provider Akahu says there's more work to be done.
New Zealand’s four largest banks have agreed to implement minimum open banking standards by November 2024.
ANZ, ASB, BNZ, Westpac must be ready by the end of May 2024 with the v2.1 Payment Initiation API standard, with the v2.1 Account Information API standard to follow by the end of November
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