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Open banking

The Government is drafting regulations that will designate the banking sector under the Customer and Product Data Act. This will enable and accelerate ‘open banking’, which is a system that enables banks’ customers to share their banking information with trusted third parties, such as fintechs. It also enables accredited persons to initiate payments on behalf of customers. We expect the regulations to be in force from December 2025.

Advanced genomics research platform

The Advanced Genomics Research Platform (Genomics Aotearoa) is funded as a Strategic Science Investment Fund (SSIF) Infrastructure Platform to ensure that New Zealand is internationally participating in and leading the rapidly developing fields of genomics and bioinformatics. Te Whare Wānanga o Ōtākou – the University of Otago is the host of the platform.