NZ finance sector primed for AI – research report

  • “The financial services industry is a major employer and economic driver in New Zealand. With an estimated 70,900 people employed in the sector in 2017, but with an expected increase to 76,000 by 2020.
  • As of April 2018, there were 26 registered banks in New Zealand, the report says.
  • The overall Kiwi financial services sector, including insurance, contributed $13.4 billion to GDP in the year ending March 2017.
  • The World Bank has said New Zealand had relatively high uptake of digital banking, with 83 percent of Kiwi adults using electronic payment methods, making New Zealand the fourth most intensive electronic payment user out of 164 countries.”

Emma Naji

AI forum executor director

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