Claire Matthews: Massey University Banking Expert sceptical on Revolut starting up in New Zealand

Open banking firm ‘Revolut’ has applied to become a registered bank in New Zealand. Revolut already offers a “one stop-shop" money management app here with payment, card and money management services. It says with a banking license it could further offer things like credit cards, consumer loans and mortgages.   Massey University Banking Expert Claire Matthews joins the show. LISTEN ABOVE. The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts. See omnystudio.com/listener for privacy information.