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What is open banking and how does it work? | TVNZ Breakfast

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Open banking is set to make banking a whole lot faster and simpler – but what is it and how does it work?

Joining Breakfast this morning, Simplicity founder Sam Stubbs explained open banking allowed banks to view customer data on request without keeping it — making applying for mortgages, changing banks or making payments after hours a lot faster and more secure.


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