A suggestion there's a need for a public awareness campaign on open banking

The Government's unveiled plans to make it easier for people to compare mortgage rates and switch banks -- forcing them to share consumer data with competitors.

Bankers' Association Chief Executive Roger Beaumont says their research indicates about two-thirds of Kiwis are opposed to the concept of open banking, or don't understand it.

He says that means there's an obligation on the Government, who are setting this up, to educate people on what it means.