Transforming banking and finance for good with open APIs.
With open banking, the financial ecosystem in Nigeria will accelerate as technical frictions are removed and innovation is unleashed.
We build on these four pillars
With open banking, the financial ecosystem in Nigeria will accelerate as technical frictions are removed and innovation is unleashed.
Privacy
The core of open banking provides an assurance of privacy and full consent to all players
Regulation
CBN’s open banking regulation sets a secure, legal framework for banks and fintech to share data.
Guidelines
CBN and the ecosystem have created world-class guidelines for open banking operations by stakeholders.
APIs
Open Banking Nigeria sets API standards for swift, CBN-compliant products for banks and fintechs.
Join the Open Banking movement!
Use cases
Business finance
management
Open Banking lets SMEs integrate bank accounts with accounting software for automation, cash flow management, and tailored financial products.
Personal finance
management
Open Banking aggregates financial data into one app for spending insights, budgeting, and personalized financial advice.
Credit scoring
and lending
Open Banking aggregates financial data into one app for spending insights, budgeting, and personalized financial advice.
Financial inclusion
Open Banking empowers super agents like Nomba to open accounts for unbanked Nigerians, boosting financial inclusion.
Payment initiation
Open Banking enables direct B2B transfers, online payments from bank accounts, and automated recurring payments, reducing fees and enhancing security.
Recent Blog Articles
March 21 2025
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