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Minister supports growing FinTech sector

FinTechNZ leadership recently met with Minister Faafoi to discuss the challenges and opportunities facing the financial sector in New Zealand. We’re please to have received the following letter of support from the Minister:

“As Minister for Commerce and Consumer Affairs I acknowledge the opportunity fintech creates for New Zealand businesses which in turn offers better outcomes for consumers. Ensuring our business and regulatory settings are supporting innovation and growth for New Zealand’s fintech sector is therefore an important part of my portfolio.

I want our financial markets to be fair, efficient and transparent, and to support honest business. At the same time, I want innovation, competition and empowerment to ensure all consumers achieve the best financial outcomes possible.

New Zealand’s fast-growing fintech sector is vital if we are to do this, and it’s a credit to the sector that it has quickly organised itself through FinTechNZ. Already, there is a great range of fintech activity, with the Government-supported Kiwibank fintech accelerator and Payments NZ’s API pilot examples of the fintech sector’s willingness to work constructively together and with government.

I look forward to continuing this engagement and to achieving the outcomes I know are possible – for business and for all New Zealanders.”

Minister Faafoi

FinTechNZ Disruptive technologies are revolutionising traditional financial services, creating opportunities for start up entrepreneurs and corporate innovators. FinTechNZ helps connect, promote and advance the trends shaping the FinTech ecosystem.