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NZ facing unprecedented fintech changes this year

New Zealanders will experience more unprecedented changes in financial technology in 2019 like never before, FintechNZ general manager James Brown says.

Brown says Kiwis will see some amazing new developing trends this year, such as financial unbundling gaining momentum which will drive more competition and more transparency as New Zealand has witnessed in the life insurance sector.

“It’s all happening this year. We will see new investment platforms will emerge like Sharesies and now Hatch, which now offers customers the opportunity to buy shares in the US Wall St stock market, Brown says.

“Wearable technology will advance and the younger generation likely to be the early adopters. They are aware of more adoption of smart watches while Visa is looking at payment options in sunglasses.

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