New Zealand’s NFL reflects cross-border investments in, and income and debt servicing flows associated with, these assets and liabilities. For the household sector alone, net worth as at December 2016 is estimated at $ billion.
If so, it would become easier to facilitate collaboration among various entities in applying these new technologies to improve financial services and develop the economy. In this regard, application of new information technology toward financial innovation, called "FinTech," will present the following visions or prospects that will open up the frontiers of financial services.