Banks have always been in the data management business. The first local bank in NZ was set up on the goldfields during the gold rush, and turned gold into data

Banks have always been in the data management business. The first local bank in NZ was set up on the goldfields during the gold rush, and turned gold into data (managed on ledger books). If you got enough gold, you could move to the then-affluent city of Dunedin, and turn the data on your ledger into a house. The tools have changed, but it's the same core expertise: data management.