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Open Banking Blog

Stories, insights, and advice that will transform banking and finance for good

Pros and cons of Nigeria’s adoption of ISO 20022 for Open Banking Nigeria

January 30 2025

  • Information
This article examines the benefits and challenges of adopting ISO 20022 for open banking in Nigeria. It weighs the potential of this standard to transform financial services against the practical hurdles it presents....
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Open Banking Nigeria (Open Technology Foundation) is a non-profit backed by a group of industry experts across banking, fintech, risk management, and more to drive and launch the open banking standard in Nigeria.

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