Shaping open banking together – celebrating six years of industry-led progress
19 Jun 2025
Payments NZ’s API Centre is celebrating six years of industry-led progress on open banking with the release of a new report, Shaping Open Banking Together – highlighting delivery, collaboration and trusted partnerships across the open data ecosystem.
This report marks six years of Payments NZ’s API Centre and acknowledges and celebrates significant industry effort so far, at a key moment in the development of open banking for Aotearoa New Zealand.
“We’ve built a world-class foundation for open banking in New Zealand – not through mandate, but through collective mahi,” says Phil Cass, Manager of Payments NZ’s API Centre. “This report is a chance to pause, reflect, and acknowledge what we’ve achieved together.”
The API Centre, established in 2019 by Payments NZ, has taken an industry-led path to progress – balancing technical governance with inclusive collaboration across banks, fintechs, regulators, and wider industry voices.
As Aotearoa looks ahead to the formal designation of banks under the Customer Product and Data Act in December 2025, Payments NZ is confident that the foundations built through the API Centre will continue to support safe, secure, and inclusive innovation.
“This is just the beginning,” says Cass. “The next chapter of open banking will be even more impactful – and we’re ready.”
Learn more on the API Centre website here.