2 Dec 2025

Explainer: Open Banking is here - so what is it exactly?

From Afternoons, 1:10 pm on 2 December 2025

This week open banking officially went live for customers of the big four banks. 

That's ANZ, ASB, BNZ & Westpac. If you bank elsewhere your bank might not have enabled it quite yet.

But exactly what is open banking? And how will it make a difference to you?

To find out, Jesse is joined by Josh Daniell from open banking company Akahu.

How Akahu's service might look on a phone. Right, Josh Daniell.

Photo: Supplied