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16 Jun 2024 13:31
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  •   Home > News > Politics

    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

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    Politics:
    Eight Israeli soldiers and 19 Palestinians killed as fighting continues in Rafah 13:07

    Rugby:
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    International:
    Punks among grassroot groups providing hope as millions struggle with hunger in Myanmar 12:47

    Environment:
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    Law and Order:
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    Environment:
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