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Open Banking Blog

Stories, insights, and advice that will transform banking and finance for good
Frequently asked questions about open banking

Frequently Asked Questions about Open Banking

June 30 2024

  • Information, News, Thought leadership
The OBN team answers some of the most popularly asked questions about Open Banking in Nigeria...
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How open banking will work in 2024

Technologies and use cases for Open Banking in Nigeria

March 31 2024

  • News
We hosted an industry event with major stakeholders who delved deeper into the technologies and use cases for open banking in Nigeria....
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How open banking will work in 2024

How Open Banking in Nigeria will work in 2024

March 10 2024

  • News
We are steering the industry toward a future defined by innovation, collaboration, and unprecedented possibilities....
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Mono can redefine its open banking with open banking!

October 3 2023

  • Partner Spotlight, Thought leadership
Open banking serves as a remedy to this predicament and saves financial service providers like Mono from the headache of even considering embarking on this herculean task. The implementation of open banking standards mandates banks to provide statement and other...
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Open Banking in Action via APIs

Open Banking in Action via APIs (What next: Part 3 of 3)

June 26 2023

  • Progress Updates, Thought leadership
Open banking has revolutionized the financial services industry by promoting transparency, competition, and innovation. At the heart of this transformation lies the efficient flow of data and services through Application Programming Interfaces (APIs)....
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Test driving the draft open banking API standard (What next: Part 2 of 3)

May 28 2023

  • Uncategorized
Underpinning every open banking regime is an API standard. Open Banking Nigeria is welcoming industry stakeholders to share their thoughts!...
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Open banking regulation in Nigeria is now approved by the CBN

Open banking regulation in Nigeria is now approved by the CBN

March 8 2023

  • Uncategorized
Open banking regulation in Nigeria is now approved by the CBN...
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The future of Lendsqr depends on open banking

The future of Lendsqr depends on open banking

January 31 2023

  • Thought leadership
Lendsqr, an LaaS firm needs open banking made available in Nigeria to help its lenders scale and digitize their business, effectively....
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Authentication and authorization over “dumb” channels for open banking - fapi

Authentication and authorization over “dumb” channels for open banking

December 31 2022

  • Information
In Nigeria, incorporating FAPI with feature phones and channels not driven by internet has been a big concern, but OBN now has the answer. Read all about it on our latest blog post...
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5 Innovative Ideas that Open banking will support

October 11 2022

  • Thought leadership

by Victor Aboh Have you ever thought to yourself, “if only I could get this piece of data from a certain financial institution, I would make an application that solves a pressing customer issue”? Then, Open banking is here for...

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What are variable recurring payments and how do they work?

March 25 2025

  • Information
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Important things to know about the API standard for open banking in Nigeria

Important things to know about the API standard for open banking in Nigeria

March 21 2025

  • Information
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Will OBN use FAPI

Will Nigeria use FAPI for authentication?

February 28 2025

  • Thought leadership
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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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