Sharesies & Māori FinTech BlinkPay team to offer open banking services

By Gloria Mathias

Sharesies, a wealth app has joined forces with BlinkPay, New Zealand’s homegrown Māori fintech startup, to redefine the way investors manage their finances.

With open banking, New Zealanders can securely connect their banking data between banks and third-party services, enabling them to access more personalised, faster, and cost-effective ways to manage their money.

Sharesies’ partnership with BlinkPay gives its investors a head start empowering them with innovative open banking controls and tools to build a better financial future today. This feature enables investors to act immediately for any time-sensitive opportunities on the platform, such as capital raises, corporate actions, and share price fluctuations. And, for depositing large amounts quickly.

Sharesies co-founder and co-CEO, Brooke Roberts says, “As the world moves to open banking, Kiwi have long missed out on the benefits. Particularly when the cost-of-living pressures are making every dollar count more, we want to give everyone a jump start on accessing innovative technology that’ll open more doors for investing— whether it’s to make a pressing trade or transferring a lump sum instantly.

“That’s why we’ve teamed up with BlinkPay, doing the mahi with a local FinTech player so that over half a million users on our platform can access open banking capabilities,” added Roberts.

Adrian Smith (Ngāpuhi), co-founder and Chief Product Officer at BlinkPay says, “Open banking is gaining momentum in Aotearoa, and we’re thrilled to be working with Sharesies to build cutting-edge payment services using this advanced technology.

“Open banking is and will continue to change the game for how New Zealanders manage their finances. We’re excited to bring the reality of open banking closer to everyone, so they know where their money is, where it’s gone, and where it’s going.”

“BlinkPay’s security ethos was a major factor as to why we partnered with them,” adds Brooke Roberts, Sharesies co-founder and co-CEO. “We take protecting our investors’ data very seriously, and so knowing that Blinkpay doesn’t handle or retain any payments data offers our investors peace of mind when it comes to making their instant transfers.