Nine associations formally launched the network by signing a Statement of Intent at the Asian Financial Forum event in Hong Kong.

The tenants include business analysis firm Futrli, payment platform GoCardless and UK digital bank Revolut.

“We are seeing a real openness to open banking and a number of the banks have 20 or 30 collaborative Fintech projects on the go.”

“Open source is increasingly seen as a gateway to quick innovation."

Wellington-based fintech startup Hnry’s pre-seed capital raise was so popular that it was oversubscribed by $100,000 within days of launch.

"Many Kiwi companies start in NZ but innovate for the global market, this comes with a big set of challenges."

“While New Zealand currently exports around $1.6 billion of traditional products to the UK, the big growth opportunity is hi-tech."

If New Zealand and the UK collaborated on fintech projects, what kinds of challenges would we face and how could regulations shape our activities?

Recently I had the opportunity to sit down with SWIFT head of Oceania Bill Doran to discuss how payments are changing on a global scale.

“The insurance sector is also testing new technologies to better assess or manage their risks," comments InsurTech chair Jason Roberts.

While blockchain technology will have lost much of its gloss by 2025, it will have found its way into the heart of many key business processes.

Online investment platform sees 15,410 customers sign up and $15.7milestone invested in 12 months.

The company demonstrated expertise with AWS and passed an assessment of their solutions in order to receive the designation.

Each finalist will have six minutes to present, followed by a four-minute Q&A session with a panel of industry experts.

Looking to disrupt the kiwifruit industry, Acuris Systems employed the services of a fellow Kiwi startup's online legal marketplace.

The venture is the first time a professional services firm, a bank and a technology company have come together in Aus to start a fintech venture.

“The startups this year are a step up again from the ventures involved in the inaugural accelerator."

The company will use the money to grow its New Zealand user base before setting its sights on international expansion to markets such as Singapore.

Restricted licensees can call themselves a “bank” but cannot “actively” conduct business and have two years to become fully licensed.

The global average is 31 to 33% and New Zealand is growing at 48.5%.

"It is now time to hand over the organisation to a new CEO as the sector matures and the organisation scales to the next stage of growth.”

Money 2020 look at the evolving state of the financial services industry and the rise of super apps.

A Forrester Consulting study has revealed that 79% of financial service firms are willing to pay to improve customer identification and experience.

“Fintech firms are finding success with a customer-centric focus that fills in gaps left by traditional firms."