Commerce Commission / MBIE

New Zealand Open Banking Regulator

Oceania
๐Ÿ›๏ธ
Jurisdiction
New Zealand
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Regulations
0
Open Banking frameworks
๐ŸŒ
Region
Oceania
๐Ÿ”—
Type
NCA
National Competent Authority

About Commerce Commission / MBIE

The Commerce Commission / MBIE is the primary financial regulatory authority in New Zealand responsible for overseeing open banking and financial services. As a National Competent Authority (NCA), they ensure that banks and third-party providers comply with open banking regulations, protecting consumers while fostering innovation in financial services.

Jurisdiction

New Zealand
View Open Banking providers, banks, and TPPs in New Zealand

Key Responsibilities

Licensing and authorizing Third-Party Providers (TPPs) including AISPs and PISPs
Ensuring banks provide secure API access to authorized third parties
Monitoring compliance with Strong Customer Authentication (SCA) requirements
Investigating complaints and enforcing consumer protection standards
Publishing guidance and technical standards for open banking implementation
Coordinating with other regulators on cross-border open banking matters

Official Resources

Related Regulators

Other open banking regulators in Oceania:

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