Media Releases

Media Releases

Government support to fight scams welcomed by banks

- The New Zealand Banking Association welcomes the New Zealand government’s support to help fight fraud at the inaugural Global Fraud Summit held in London this week. NZBA chair Vittoria Shortt, who attended the summit on behalf of the New Zealand banking industry, says the commitment to support collaboration across sectors is essential to tackling fraud... Read more »
Media Releases

Banks progress anti-scam initiatives

- Work towards establishing a national Anti-Scam Centre to further fight fraud and scams is progressing as retail banks make it harder for criminals to target New Zealanders. New Zealand Banking Association chief executive Roger Beaumont says: “Banks are often at the end of a chain of events that makes up a scam and we know... Read more »
Media Releases

Bank customers remain resilient in challenging times

- Savers are making the most of higher interest rates and borrowers are managing through the current economic challenges, according to retail banking data insights for the six months to June released by the New Zealand Banking Association today. New Zealand Banking Association chief executive Roger Beaumont says that while the rise in the cost of... Read more »
Media Releases

Banking industry to lead the way on national cross-sector approach to scams

- The retail banking industry today announced a number of key initiatives to further fight fraud and scams, leading the way for a significant, co-ordinated, multi-sector approach to protecting New Zealanders including: Supporting the establishment of a centralised, co-ordinated, multi-sector national Anti-Scam Centre Instigating an industry wide ‘confirmation of payee’ account name checking service Committing to... Read more »
Media Releases

Wānanga launched to support whānau financial literacy

- A new financial capability programme specifically focused on Māori is being launched this weekend through wānanga being held in Te Tairāwhiti, and later in Ōtautahi. The initiative, called Te Rito Hou, a Sorted programme for whānau, has been realised through a partnership between Tāwhia – the Māori bankers’ group, the New Zealand Banking Association –... Read more »
Media Releases

Banks launch three new hubs in regional banking trial

- Three new regional banking hubs will open from this week as part of the latest phase of the regional banking hub trial led by the country’s six biggest retail banks. The three new hubs will be in Waimate, Whangamatā and Ōpōtiki. The Waimate hub will open its doors this Friday, with the remaining hubs opening... Read more »
Media Releases

Banks will engage constructively with competition study

- The banking industry looks forward to participating in the competition study into retail banking announced by the government today says the New Zealand Banking Association – Te Rangapū Pēke. “We believe the enquiry will ease any concerns in the community about competition and innovation in the banking industry. Our banks are transparent, and will engage... Read more »
Media Releases

Spotlight on a day in the life of a financial mentor

- Decision makers from government and the financial sector are spending time with financial mentors to get practical insights into their daily work and the assistance they offer clients experiencing vulnerability and financial difficulties. The initiative, called A Day in the Life, is part of a partnership between FinCap and the New Zealand Banking Association –... Read more »
Media Releases

Some bright spots for home loan customers in stormy times

- The value of new home loans decreased 18.9% in the six months to December 2022, according to data insights released by the New Zealand Banking Association today. This comes as borrowers face steeply rising interest rates and a nationwide drop in property values. “Many households are doing it tough in the face of the rising... Read more »