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21 Jun 2024 14:28
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  •   Home > News > Business

    A tech bill will let consumers share data with service providers, with the aim of lowering prices

    A tech bill will let consumers share data with service providers, with the aim of lowering prices


    Banks, insurance, and power companies will be able to use consumer data, to compete with each other.

    Commerce and Consumer Affairs Minister Andrew Bayly says it could change the banking environment for consumers.

    He says Australia has similar laws, and banks there can offer loans in 10 minutes, simply through accessing customers' spending habits and income data.

    © 2024 Newstalk ZB, NZCity

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    RUGBY RUGBY
    Former All Blacks prop Alex Hodgman has been included in Joe Schmidt's first Wallabies squad, for July tests against Wales and Georgia More...


    BUSINESS BUSINESS
    Resource management is always political – the Fast-track Approvals Bill is just honest about it More...



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