The potential for New Zealand tech exports will be huge when direct free trade post-Brexit opens with the United Kingdom, a leading fintech expert says.
James Brown, general manager of FintechNZ says it’s so encouraging to see the government working proactively to set up free trade with the UK post-Brexit.
“The UK is a very important market for our agricultural, food and beverage exports, as well as high-value manufactured products,” Brown says.
James Brown, General Manager of FinTechNZ discusses how Blockchain could become a key enabler of Open Banking.
There’s recently been a lot of talk in the news about Blockchain and how this new technology is going to transform the world. I often get asked the question “do you have any live examples of it being used in everyday life?”
At a recent lunch jointly hosted by FinTechNZ and one of our founding members IBM we explored this, and discussed how Blockchain could become a key enabler of Open Banking.
An overview of the recent FinTechNZ delegation’s trip to London FinTech Week, by Andrew Dentice, Senior Associate at Hudson Gavin Martin.
Following on from the Lord Mayor of London Charles Bowman’s visit to New Zealand, FinTechNZ sent a delegation to London FinTech Week, to strengthen the bond between NZ and the UK (and in particular London). London is arguably the leading hub for FinTech globally, and the UK market is a natural fit for New Zealand FinTech companies looking to expand, given its size and similarity in terms of culture, legal system, and an affinity for technology and innovation.
Jason Roberts, FinTech and InsurTech Specialist, discusses the July InsurTechNZ Meetup:
It was great to see a healthy turnout for the InsurTechNZ event The Evolution of Cyber Risk and Insurance hosted by Marsh.
In June, I attended the Future of FinTech conference in New York City, where global FinTechs and traditional financial services firms alike took the stage to discuss the changing face of financial services. I’ve always been passionate about the future of finance, and being there confirmed my theory – FinTechs still believe they can disrupt incumbents by improving everything from investing and lending, to insurance and financial advice.
Rick Brown, FinTech and Growth Advisor, shares his experiences from the recent New Zealand payments industry conference:
I recently attended The Point 2018, the bi-annual New Zealand payments industry conference hosted by PaymentsNZ. The event was a who’s who gathering of the NZ payments industry – from software vendors, terminal providers, payment schemes, regulators and banks – with FinTech rock stars Dave Birch and Chris Skinner thrown in for good measure. It’s a unique opportunity in our industry for connections to be made and new collaborations to be explored, and certainly it didn’t disappoint. Both conference days were full out take outs across different elements of the payments landscape. My highlights were:
Now is the time for Kiwi financial services to be more transparent following banking issues in the United Kingdom and Australia, a leading New Zealand financial tech expert says.
Normally bank employees must meet sales incentive targets on lending, deposit attraction, payment protection insurance, life insurance and Kiwi Saver funds to achieve a financial bonus.
With an innovative culture, good skills and businesses that know each other and collaborate already, New Zealand is an ideal petri dish to develop blockchain technology, according to a panel of experts.
“It’s got all the ingredients a country needs to develop blockchain technology inside its own borders,” Rupert Colchester, IBM New Zealand and Australia’s Head of Blockchain says.
Minister Faafoi has urged players in NZ’s finance sector to forge ahead with Open Banking.