This report details the evolution of open banking including the first visual map of the participants and the present and emerging use cases within Aotearoa.

Insights from the first deep dive into our open banking ecosystem include;

• 58% of industry participants are third party providers (non-standardised access models)
• 64% of industry participants are smaller players driving early adoption
• 76% of the sector includes financial and tech services
• 23% of the use cases are payments, ahead of lending and investment.
• Diverse data access methods are currently being used. Consumers and businesses are expected to transition towards increased use of API standards.
• Specialist intermediaries play a critical role in facilitating connectivity, aggregation and data services.