Dosh Aims to Become New Zealand's First Digital-Only Bank

Dosh has applied to become a registered bank in New Zealand, reports Finextra.

Their motivation for this step is their belief that New Zealand consumers deserve competitive banking services that meet their needs. If approved, Dosh will become New Zealand’s first locally owned, digital-only bank.

Their digital-only service allows them to achieve new efficiencies for banking consumers, exerting downward pressure on financial product pricing and providing a more convenient user experience. Leveraging the latest technology, Dosh is well-positioned to introduce the benefits of emerging technologies, such as AI, to consumers.

They aim to bring Kiwis the best digital solutions to enhance their financial wellbeing and drive a significant change in financial services for future generations. They look forward to collaborating with the Reserve Bank of New Zealand on their application.

Dosh customers can expect continued innovation in financial products through the Dosh app and digital experience. They look forward to bringing their customers along on this journey.