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Sweeping changes about to flow through fintech in NZ

New Zealand should change its financial tech systems to drive the Kiwi economy or the country may miss out on sweeping changes, FintechNZ general manager James Brown says.

One of the biggest banks in the world, JP Morgan, is worried about the impact of AI and fintech so much that it is sending some of its executives to China to find out what they are doing and what is coming next.

JP Morgan has a handful of top-tier custody clients in New Zealand including the almost $40 billion ACC fund and the $4 billion plus Government Superannuation Fund, Brown says.

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