Can you talk us through the background of Hnry? What led to its development?
I became self-employed about five years ago. Coming from the safety and relative ease of a permanent job, at the time I didn’t realise what a burden admin, taxes, insurance and other time-consuming tasks would be.
Binu Paul of PocketWise shares an update on the NZ FinTech Summit
Open Banking, Customer Engagement and Cyber Security are just a few of the topics that NZ Fintech Summit 2018 will delve into on Thursday 29 November at the Pullman, Auckland.
Open Banking is still in its infancy in New Zealand. It has notably made some inroads into the institutional lexicon and the boardroom attention span, but is largely a foreign concept to most Kiwis. A classic case of you don’t know what you don’t know.
Q: How does your role relate to the FinTech sector?
A: I work with FinTech companies who are considering using a data aggregation partner, advising on best practice and commercial considerations. Working closely with industry bodies, we try to enable FinTechs to thrive whilst also facilitating collaboration with established organisations where possible.
Q: What are you doing in the FinTech space?
A: Yodlee is innovating in the financial wellness space with additional offerings that are underpinned by our data aggregation and categorization solutions.
Jason Roberts, Co-chair of FinTechNZ’s largest Working Group, InsurTechNZ shares an update on the group’s latest activities:
Another busy month has flown by for the InsurTechNZ leadership team, having recently finalised the Working Group Charter, which will be posted on the FinTechNZ website shortly. Defining our purpose has been an important job for a group less than a year old, which is now formally:
“To enable collaborative innovation in insurance to provide positive customer outcomes”
Any day now the Royal Commission will release its initial findings into its first ever review of the integrity systems of New Zealand’s financial system.
The review covers New Zealand’s financial institutions along with industry bodies, regulators, dispute resolution schemes and the payments and settlement system.
FintechNZ general manager James Brown says the report will have implications for New Zealand, though he says it is encouraging to see the proactive positive work being done already by New Zealand’s major banks.
Auckland – Amazon dipping its toes into the insurance market in India may likely have ripples effects for New Zealand, which is seen as a test bed for large organisations looking to try something new.
FinTechNZ’s largest Working Group, InsurTechNZ, continues to grow and mature. Over the last few months Jason Roberts (Co-chair) and Ian Cormack (Co-chair) have developed thought leadership in this sector with help of members, and we’re looking to seeing the influence InsurTechNZ has in this space continue to grow.