RBNZ squashes fintech Dosh’s bid to become a bank
Fintech Dosh’s bid to become a bank swiped left by the Reserve Bank blocks banking innovation.
Online mortgage fintech Dosh co-founder Shane Marsh, told MPs at a Parliamentary banking inquiry follow-up yesterday the central bank had decided it did not meet the legal definition of a bank.
Marsh says the Reserve Bank decided that to be considered a bank, an organisation must make loans as well as offering other banking services.
“We see that that is a relatively narrow...MORE»
ASB joins low deposit Kāinga Ora scheme with some benefitsThursday, February 19th, 11:27AM
Mortgage advisers can now use ASB for clients buying a home under the Kāinga Ora First Home Loan scheme. MORE» |
RBNZ expects slower house price growth in the current recoveryThursday, February 19th, 9:23AM
The Reserve Bank thinks house prices will rise at a much slower pace during the current recovery than they have in past cycles. MORE» |
[What the RBNZ said] Why the cash rate stayed unchanged
The Reserve Bank left the OCR unchanged today and indicated it may stay "accomodative" for some time.
MORE»OCR rise tipped for second half of this year
The NZIER monetary policy shadow board says the RBNZ should start raising the OCR in the second half of this year.
MORE»TAP moves away from traditional aggregation
The Adviser Platform (TAP) is moving away from being a traditional aggregator to opening up its services to anyone in the market.
MORE»FAMNZ boss leaves
The head of adviser association, FAMNZ, is hanging up his shingle leaving the New Zealand seven months after the country head resigned.
MORE»Predictions for next week's OCR announcement
OCR expected to be held at 2.25% at first review of the year.
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