Happy New Year and I trust you relaxed during the festive period because it’s full steam ahead for FinTechNZ in 2018!
Last week, when I was speaking with the Department of Internal Affairs (DIA) it was very clear to me, how aligned we are in our thinking and what we want to achieve. I had the pleasure of speaking with Minister Clare Curran about New Zealand’s reputation for our digital footprint and New Zealand’s hosting of D5 2018, including Digital Nations 2030 conference, Digital Government Showcase and D5 Ministerial Summit.
In the world of FinTech, Open Banking, Blockchain, Digital ID and Crypto continue to be hotly debated and I believe this will continue. The United Kingdom has gone live with its first managed rollout of current accounts which started in January and is likely to be complete by March. In the coming months, I will keep you updated on its progress. It’s worth noting, with the new regulation PSD2 and changes to the General Data Protection Regulation (GDPR), there will be challenges.
Meanwhile, FinTechNZ’s membership continues to grow and a number of our founding corporate members have confirmed their ongoing support, which is fantastic news. Our ecosystem continues to develop and I recently discussed the signing of a Memorandum of Understanding (MoU) with FinTech Scotland, as they look to establish global connections.
In other interesting news, our newly formed Insurance Working Group, led by Jason Roberts has gained global interest. FinTechNZ’s chair Mitchell Pham and Leigh Flounders have also made the news with the launch of Lina.review, the world’s first ever Blockchain platform for online ratings and reviews.
The message is clear, this year we have a fantastic opportunity both locally and globally to build our reputation. Together, let’s make New Zealand the number one choice for everything FinTech!