Better Banking for All
Creating Ease of Banking for the Not-For-Profit Sector
Community Waitākere is a proud member of Community Networks Aotearoa. Together with Auckland North Community and Development, Social Link Tauranga, Community Waikato and Taupō Council of Social Services we came together to form a working group to support Community Networks Aotearoa with this important project.
Community Networks Aotearoa launched the Better Banking For All report on Wednesday 28th June. Download the report here
The Hon. David Parker surprised launch attendees by asking Minister of Consumer Affairs to also address the audience at Community Networks Aotearoa’s launch of the ‘Better Banking’ report. Min. Parker acknowledged the importance of the report, and the importance shown by the attendance of so many MPs at a pre-election event.
Min. Duncan Webb also spoke to the importance of this research and how it will help the sector, considering the upcoming Commerce Commission investigation of banks.
Both Ministers praised the work of Community Networks Aotearoa and the working group, the quality of the research, and how it brings to light mahi that can be ‘nudged along’ by central government. Both spoke highly of the impact that the report’s findings and recommendations to the banking sector.
The research - a first of it’s kind in Aotearoa - shed light on the significant challenges faced by small to mid-sized not-for-profit organisations when dealing with banks. It aimed to explore potential strategies for improving banking services and addressing the specific needs of community organisations, allowing them to focus more on their valuable work.
The research was conducted through a sector-wide online survey and in-depth interviews with representatives from diverse community organisations across Aotearoa. It achieved its key objectives of identifying challenges, assessing their impact, and collaborating with stakeholders to find solutions.
Thank you to JR McKenzie Trust and the Todd Foundation as supporters of the research project, led by Dr. Jane Horan.
What's next?
Visit banks and share the research.
Workshops hosted by the Ministry of Justice.
Collaboration with the Ministry of Justice on amendments to the AML/CFT Act.
Collaboration with interested banks on ways to improve issues.
This piece was originally published on Community Networks Aotearoa site and has been edited for Community Waitākere audiences.