FinTechNZ and New Zealand Trade and Enterprise (NZTE) have launched a nationwide survey that seeks to understand NZ businesses’ experiences with international expansion.
According to FinTechNZ, the survey will gather data and insights from the community, including key weightless export issues and barriers to market. These results will inform export-focused fintech companies and NZTE’s work in supporting firms to become export-ready and grow internationally.
“A total of 80% of fintechs are exporters so the results of the survey and the future direction for New Zealand really matters,” said FinTechNZ executive director Jason Roberts (pictured above), who pointed out the survey’s timeliness, as fintech firms in Aotearoa prepare for business as usual after the COVID lockdowns.
“Post-COVID, NZ companies are assessing markets and destinations, such as the growth and proximity of Asia markets. The new UK free trade agreement is significant as well,” Roberts said. “All these issues will be pivotal at the FinTechNZ hui taumata event in Auckland on February 23.”
Roberts said that the global financial market is undergoing a major shift as it increasingly adopts fintech, as shown by the shift away from plastic card payments. This tech advancement is one of the major drivers of fintech growth across the globe.
“Fintech is here to stay,” Roberts said. “As technology improves and becomes even more ingrained in the day-to-day life of people, there will be more embedded finance, such as payments and lending, and more embedded insurance than ever before. No matter how centralised or not these solutions are or will be, the future looks bright.”