Josh Daniell

Really pleased to be here.

Sure.

So we are an open banking intermediary and basically means that we specialize in data integrations with banks in New Zealand and with other types of financial service providers.

So non-bank card issuers, investment platforms, KiwiSaver providers.

And we take all of our integrations with these providers and we bundle them into a single API or connection point for the products that want to use open banking.

So if you're building a product like accounting software and you want your users to have data feeds, you could go and build that network of integrations yourself.

Or you could outsource that job to an intermediary like us.

So you have one connection point and it's easier to outsource that job.

That's exactly right.

We're just data pipes.

We're in the background as infrastructure, but we facilitate that transfer of data between your bank and another software product.

I think the starting point for a lot of these products is account aggregation.

So you're on board with the service and they'll invite you to link accounts from banks, KiwiSaver providers, credit cards that you might have elsewhere and see everything in one place.

So that can be powerful on its own because if you're in a household with shared finances or you're in a flat or some other shared finance situation, then you have shared visibility over all accounts.

And it can enable some features like net wealth tracking.

So it's a really intuitive feature that everyone understands.

If the collective balances are going up, then you're moving in the right direction.

And if they're going down, then there might be something to consider.

So it's a good starting point because you get everything into one place.

Once you've got everything in one place, there are other features that users will generally become familiar with over time.