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25 Jun 2024 19:19
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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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     Today's News

    Entertainment:
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    Law and Order:
    Police have made an arrest over a kidnapping incident that happened in Auckland's Te Atatu Peninsula yesterday afternoon 18:58

    Rugby League:
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    Entertainment:
    Jonathan Majors' faith has been "tested" but "strengthened" by his assault and harassment convictions 18:30

    Business:
    A Christchurch businessman is being accused of running a major black-market cigarette factory 18:07

    Entertainment:
    Amy Poehler says it is "painful" when parents hit the stage where they question if they are "needed" in their children's lives 18:00

    International:
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    Law and Order:
    A 16-year-old's been arrested at a North Shore school - in Auckland 17:57

    Politics:
    Te Pati Maori says claims against Manurewa Marae - say a lot about how its processes are viewed 17:57

    Entertainment:
    Carol Burnett hands bartenders an instruction card to follow detailing her "exact" recipe for a cosmopolitan 17:30


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