While countries around the world are adopting open banking in their unique ways, the UK and the US stand out as leaders with very different approaches.
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7 ways the new US Open Banking regulation outshines the UK’s
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4 things that the US open banking regulation should have copied from open banking Nigeria
Open Banking has been hailed as the future of financial services globally. The idea is simple: consumers should own their financial data and have the right to share it with whomever they choose, securely and seamlessly. Yet, as open banking evolves, the nuances of implementation often separate the pioneers from the followers. The United States, …
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The role of NIBSS in open banking
One could say NIBSS was built for this pivotal moment in Nigeria’s financial history. Back in 1993, the Central Bank of Nigeria and the Bankers’ Committee brought in NIBSS to solve a massive problem—Nigerian banks couldn’t talk to each other. Transferring money between banks was a nightmare. Each bank was in its silo, and that …
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