The economic opportunity for New Zealand as the fintech sector grows at a rapid pace. New Zealand FinTech sector has global revenues of nearly NZ$ 2 billion. Moreover, it revealed that the sector has a Compound Annual Growth Rate of 32%. All told, such growth created a 14% annual growth in high-value jobs. FinTech in New Zealand is boosting the economy. With all the growth, interest in FinTech seminars and events all over the world is increasing. FinTechNZ members are looking at attending the leading global FinTech events all over the world again this year to gain needed knowledge and sharpen their competitiveness.
FinTechNZ, part of the government-backed NZ Tech Alliance, is the national financial innovation and technology association, bringing together FinTech startups, financial service providers, banks, tech firms, investors, and regulators, working together to help create a more equitable, sustainable, and prosperous Aotearoa New Zealand. New Zealand has been ranked one of Asia Pacific’s fastest emerging fintech hubs and one of the top 10 FinTech destinations in the region. Indeed, Aoteroa’s digital transformation is creating positive change for the whole country. That is cause enough to keep the pace and focus on technology and Wellington financed a NZ$ 1 million marketing campaign to showcase the country’s booming tech sector. Digital adoption meant also that the lives of New Zealanders are taking a turn for the better. For instance, 3D printing is giving amputees hope to enjoy the lifestyle they want. Plus, Artificial Intelligence is being used to fight cancer better. Technology, indeed, can be an instrument to improve medical and health care all over the country. What truly stands out is the way New Zealand handles its technology sector. That it is encouraging everyone to participate in its technology road map shows volumes on the kind of leadership the country has moving forward.