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RBNZ squashes fintech Dosh’s bid to become a bank
Friday 20th of February 2026
Online mortgage fintech Dosh co-founder Shane Marsh, told MPs at a Parliamentary banking inquiry follow-up yesterday the central bank had decided it did not meet the legal definition of a bank.
Marsh says the Reserve Bank decided that to be considered a bank, an organisation must make loans as well as offering other banking services.
“We see that that is a relatively narro...
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