Business Scoop


COVID-19 May Be Helping Kiwis Become Better With Money

Press Release – Commission for Financial Capability

The financial impact of COVID-19 may have a silver lining in helping some New Zealanders become better with money. One group, however, is bucking the trend and showing signs of becoming worse. Research undertaken by the Commission for Financial Capability … Read more »

Financial Markets (Conduct Of Institutions) Amendment Bill Back From Select Committee

Press Release – Financial Advice New Zealand

Financial Advice New Zealand is pleased some of the changes they recommended were amended during the Select Committee process but noted there is room to debate outstanding issues in the House. Chief Executive Katrina Shanks says they are supportive of the … Read more »

Free Financial Advice As Kiwis Take Greater Interest In Finances

Press Release – Financial Markets Authority

The Financial Markets Authority (FMA) has partnered with Financial Advice New Zealand to make free and generic financial advice available in Hamilton, as New Zealanders take a greater interest in their finances and investments due to the impact of COVID-19. … Read more »

2020 Housing Market Stocktake

Press Release – Kiwibank

2020 Housing Market Stocktake: Covid-19 price dip may not be so sharp, as chronic shortage lingers. Read more »

2020 Property Insights: The Covid Correction May Cure, As The Chronic Shortage Continues

Press Release – Kiwibank

We now expect a shallower correction in house prices of 6%, down from 9%. With short supply persisting, our projected house price falls should meet strong resistance. The regions have fared far better than expected. Covid lockdowns barely affected … Read more »

KiwiSaver Statements Starting To Help Members Take Action

Press Release – Financial Markets Authority

A third of KiwiSaver members who read their annual statement this year recalled seeing their projected retirement lump sum, a Financial Markets Authority (FMA) survey has found . This year, for the first time, members statements included an estimated … Read more »

Customers Use COVID-19 Lockdown To Pay Down Mortgages

Press Release – Westpac New Zealand

Many home owners unable to spend money during lockdown diverted significant sums of money into extra repayments on their mortgages, new Westpac NZ data shows. At the end of February, prior to lockdown, 65% of customers were ahead on their home … Read more »

XE Data Update – NZ Employment Release

Press Release – XE Money Transfer

The NZ Employment numbers for 2Q have just been released. They came in considerably better than expected: NZ Employment data for 2Q was: – Employment (Q/Q) -0.4% (consensus -2.0%) – Employment (Y/Y) +1.2% (consensus -1.2%) – Unemployment Rate 4.0% (consensus … Read more »

One In Three Brokered Loans In Australasia Now Go Through FileInvite

Press Release – FileInvite

FileInvite, the secure personal data sharing platform for consumer finance applications, is signing international clients as more transactions are conducted online. New clients include First Home Bank with branches across the United States, and Loan Market in … Read more »

BNZ Cuts Costs For Contactless Payments

Press Release – BNZ

Bank of New Zealand (BNZ) has cut the costs of using debit contactless (PayWave) payments for small and medium business customers. As of 1 August 2020, SMEs that settle into a BNZ business bank account will pay no more than 0.70% (70 bps) per … Read more »

Kiwi FinTech Industry Helping Post-COVID Economic Recovery With A Mix Of Innovation And Heart

Press Release – Hnry

A growing number of Kiwi financial technology businesses are emerging as leaders in New Zealands economic recovery post-COVID 19 with innovative platforms and initiatives – while still keeping a real focus on peoples needs and wellbeing. … Read more »

Transparency And Disclosure Critical To COVID-19 Response

Press Release – The Reserve Bank of New Zealand

Transparency and clear disclosure of actions and policies have been key to the COVID-19 response, Reserve Bank Head of Financial System Policy and Analysis Toby Fiennes said delivering a speech in Wellington today. Market discipline is one of the three … Read more »

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