From Regulation to Reality: MBIE on What Happens Next for Open Banking

From Regulation to Reality: MBIE on What Happens Next for Open Banking

Episode #: S01E07 – part 2 Hosts: Adrian Smith [https://www.linkedin.com/in/adriansmithnz/] (CEO, BlinkPay [https://www.blinkpay.co.nz/]) & Tim D’Shea [https://www.linkedin.com/in/tim-d-shea-490b2a46/] (Head of Product, BlinkPay [https://www.blinkpay.co.nz/]) Music by Levgen Poltavskyi [https://pixabay.com/users/hitslab-47305729/?utm_source=link-attribution&utm_medium=referral&utm_campaign=music&utm_content=295052] from Pixabay [https://pixabay.com/?utm_source=link-attribution&utm_medium=referral&utm_campaign=music&utm_content=295052] In this second half of From Regulation to Reality, Adrian Smith and Tim D’Shea sit down with Alan Carnaby [https://www.linkedin.com/in/alancarnaby/] from the Ministry of Business, Innovation and Employment [https://www.mbie.govt.nz/] (MBIE) to unpack what the new open banking regulations mean in practice for banks, fintechs and everyday New Zealanders. Alan shares how MBIE is turning policy into execution — balancing speed and security as Aotearoa moves toward a trusted, nationwide data ecosystem. Together, they explore: * What “ready” really looks like by 1 December 2025, when open banking goes live. * How MBIE will measure success through critical mass adoption rather than check-box compliance. * The importance of trust, consent, and accreditation in building public confidence. * Lessons from Australia’s rollout and how New Zealand plans to leapfrog global peers. * The next wave of opportunity — expanding open data beyond banking to energy, insurance and KiwiSaver. Adrian and Tim also share BlinkPay’s perspective on what comes next for industry collaboration — from API standardisation to showcasing real-world use cases that deliver value for businesses and consumers alike. 🎧 Tune in for a ground-level look at how MBIE is helping Aotearoa transition from regulation to reality — and how open banking can set the foundation for a smarter, fairer financial future. 👉 blinkpay.co.nz

From Regulation to Reality: Minister Scott Simpson on What’s Next for Open Banking

Episode #: S01E07 Hosts: Adrian Smith [https://www.linkedin.com/in/adriansmithnz/] (CEO, BlinkPay [https://www.blinkpay.co.nz/]) & Tim D’Shea [https://www.linkedin.com/in/tim-d-shea-490b2a46/] (Head of Product, BlinkPay [https://www.blinkpay.co.nz/]) Music by Levgen Poltavskyi [https://pixabay.com/users/hitslab-47305729/?utm_source=link-attribution&utm_medium=referral&utm_campaign=music&utm_content=295052] from Pixabay [https://pixabay.com/?utm_source=link-attribution&utm_medium=referral&utm_campaign=music&utm_content=295052] In this two-part episode of Open Banking Q&A with BlinkPay, we go straight to the source of Aotearoa’s new open banking regulations. In Part One, Adrian sits down one-on-one with the Hon. Scott Simpson [https://www.linkedin.com/in/scott-simpson-7529b120/], Minister of Commerce and Consumer Affairs, to unpack what the newly signed regulations really mean for everyday New Zealanders. From “making data work harder for Kiwis” to a vision of home-grown fintechs taking the world by storm, Minister Simpson shares candid reflections on: * Why the Government took a no-fees stance on open banking APIs. * How open banking could grow the economy and spark the next wave of Kiwi innovation. * What success looks like five years from now – from frictionless payments to smarter savings tools. * The role of trust, accreditation, and security in protecting customer data. * His call for Kiwi developers and entrepreneurs to “pick it up and run with it.” Then in Part Two (to be released later this week), Adrian and Tim are joined by Alan Carnaby from MBIE to unpack the practical side — how the new Customer and Product Data Act will roll out in real life. Together, they explore: * What “ready” really means for banks and fintechs by 1 December 2025. * The new accreditation regime and how MBIE will balance innovation with integrity. * Lessons learned from Australia and how New Zealand is designing for faster adoption. * Why MBIE is focused on critical mass and consumer trust – not just compliance. * The roadmap for extending open banking into other sectors like energy, insurance, and KiwiSaver. From legislative intent to operational delivery, Episode 7 connects the dots between policy, practice, and people — and how Aotearoa’s open banking journey will evolve from regulation to real-world impact. 🎧 Tune in for a rare behind-the-scenes look at how government, industry, and innovators are building a smarter, safer, and more inclusive financial future for New Zealand. 👉 blinkpay.co.nz [https://blinkpay.co.nz]

Herding Cats: Inside the API Centre with Jane-Renee Retimana

Hosts: Adrian Smith [https://www.linkedin.com/in/adriansmithnz/] (CEO, BlinkPay [https://www.blinkpay.co.nz/]) & Tim D’Shea [https://www.linkedin.com/in/tim-d-shea-490b2a46/] (Head of Product, BlinkPay [https://www.blinkpay.co.nz/]) Music by Levgen Poltavskyi [https://pixabay.com/users/hitslab-47305729/?utm_source=link-attribution&utm_medium=referral&utm_campaign=music&utm_content=295052] from Pixabay [https://pixabay.com/?utm_source=link-attribution&utm_medium=referral&utm_campaign=music&utm_content=295052] In this episode of Open Banking Q&A with BlinkPay, we sit down with Jane-Renee Retimana [https://www.linkedin.com/in/janeretimana/], Chief Strategy & Innovation Officer at Payments NZ [https://www.paymentsnz.co.nz/] (self-styled “Chief Cat Herder”), to explore the role of the API Centre [https://www.apicentre.paymentsnz.co.nz/] in Aotearoa’s open banking journey. Jane shares what it’s like to represent a broad and diverse membership – from major banks to nimble fintechs – and how the API Centre balances competing priorities, amplifies smaller voices, and works with regulators to create a fair, innovative, and future-ready payments ecosystem. We cover: * What the API Centre does – and how it sits within Payments NZ’s role as the governance body for New Zealand’s payment systems. * How money really moves – the difference between high-value settlement systems and everyday retail interbank payments. * Industry vs. regulation – New Zealand’s unique “coalition of the willing” approach and the evolution toward a hybrid, regulated regime. * Challenges of collaboration – giving space to diverse voices, managing loud dissenting views, and why compromise and process matter. * Interoperability and innovation – why efficiency and Lego-brick-like connectivity drive progress for both big and small players. * Looking ahead – enduring consent, enriched data, Māori data governance, and how local innovation could leapfrog other jurisdictions. From “road rash” lessons in governance to the art of compromise where “everyone’s a little bit unhappy,” Jane offers candid insights into what it takes to herd the cats of open banking – and why collaboration across industry, regulators, and innovators is the key to unlocking the next phase of payments in Aotearoa. 🎧 Tune in to hear behind-the-scenes perspectives from the API Centre and what success looks like for the future of open banking in New Zealand. 👉 blinkpay.co.nz [https://blinkpay.co.nz]

From Policy to Practice: How Regulation Shapes Open Banking

Hosts: Adrian Smith [https://www.linkedin.com/in/adriansmithnz/] (CEO, BlinkPay [https://www.blinkpay.co.nz/]) & Tim D’Shea [https://www.linkedin.com/in/tim-d-shea-490b2a46/] (Head of Product, BlinkPay [https://www.blinkpay.co.nz/]) Music by Levgen Poltavskyi [https://pixabay.com/users/hitslab-47305729/?utm_source=link-attribution&utm_medium=referral&utm_campaign=music&utm_content=295052] from Pixabay [https://pixabay.com/?utm_source=link-attribution&utm_medium=referral&utm_campaign=music&utm_content=295052] In this episode of Open Banking Q&A with BlinkPay, we bring together voices at the heart of Aotearoa’s open banking journey: * Matthew Lewer [https://www.linkedin.com/in/matthew-lewer-944ba092/], Head of Payments at the Commerce Commission [https://www.linkedin.com/company/commerce-commission/posts/?feedView=all] * Emma Geard [https://www.linkedin.com/in/emmageard/], Senior Associate at MinterEllisonRuddWatts [https://www.linkedin.com/company/minterellisonruddwatts/] * Andrew Dentice [https://www.linkedin.com/in/andrew-dentice/], Co-chair of FinTechNZ [https://fintechnz.org.nz/] & Partner at Hudson Gavin Martin [https://www.linkedin.com/company/hudson-gavin-martin/posts/?feedView=all] Together, they unpack how regulation is shaping the future of payments and data sharing in New Zealand — from competition and consumer protection to liability, security, and trust. We cover: * Why open banking must balance innovation, consumer safeguards, and bank participation * The 10-year journey of recalibrating regulation, not just “set and forget” * How liability and consumer protection frameworks will make or break trust in new payment flows * Lessons from overseas: US Consumer Watchdog redoes open banking rules on customer data (Reuters) [https://www.reuters.com/legal/transactional/us-consumer-watchdog-kicks-off-redo-open-banking-rules-customer-data-2025-08-21/] FCA set to streamline payment systems oversight (Fintech Global) [https://fintech.global/2025/09/08/fca-set-to-streamline-payment-systems-oversight/] * Why New Zealand’s unique “coalition of the willing” gives us a head start — but also unique challenges 🎧 Tune in to hear how regulators and legal experts see policy turning into practice — and why now is a critical moment for open banking in Aotearoa.

Ground Breakers & Game Changers

Hosts: Adrian Smith [https://www.linkedin.com/in/adriansmithnz/] (CEO, BlinkPay [https://www.blinkpay.co.nz/]) & Tim D’Shea [https://www.linkedin.com/in/tim-d-shea-490b2a46/] (Head of Product, BlinkPay [https://www.blinkpay.co.nz/]) Guests: Sam Meikle [https://www.linkedin.com/in/sam-meikle-1b13959/] of Sharesies [https://www.sharesies.nz/] and Stuart Wilson [https://www.linkedin.com/in/stuartjwilson/] of Modica Group [https://www.modicagroup.com/]. Music by Levgen Poltavskyi [https://pixabay.com/users/hitslab-47305729/?utm_source=link-attribution&utm_medium=referral&utm_campaign=music&utm_content=295052] from Pixabay [https://pixabay.com/?utm_source=link-attribution&utm_medium=referral&utm_campaign=music&utm_content=295052] What we cover: * Why Sharesies built Instant Bank Transfer with BlinkPay, and how it’s changing investor behaviour * How Modica is embedding open banking into their CPaaS platform to enable payments and data services at scale * Lessons from the UK and US on seamless top-ups and safer data sharing * Tink + Chip partnership [https://tink.com/blog/news/chip-savings-partnership/?utm_source=chatgpt.com] – powering one-tap account top-ups * Citizens Bank story [https://www.businessinsider.com/citizens-bank-open-banking-technology-secures-financial-data-sharing-2025-4?utm_source=chatgpt.com] – moving from risky screen scraping to secure APIs * The realities (and rewards) of being early to open banking in New Zealand * What advice Sam and Stu would give to other businesses considering taking the plunge 🎧 Tune in to hear how open banking is already creating new value—and why now is the time to get on board.