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Stories, insights, and advice that will transform banking and finance for good
Pay by Bank (1)

How “Pay with Bank” will work with open banking in Nigeria

January 2 2025

  • Information, Thought leadership

Nigeria’s digital payment ecosystem is at a crossroads. While digital payment adoption is growing, with over 60% of the population engaging in online transactions, many Nigerians still face persistent barriers: transaction failures, delays in receiving one-time passwords (OTPs), and security...

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US vs UK open banking

7 ways the new US Open Banking regulation outshines the UK’s

November 30 2024

  • Around the World
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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3 things open banking is not

3 things that are sometimes mistaken for open banking but not

September 27 2024

  • Thought leadership

Open Banking has been touted as one of the most revolutionary shifts in financial services, with Nigeria at the forefront of adopting this transformative model in Africa. In 2021, the Central Bank of Nigeria (CBN) formalized the Open Banking regulatory...

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Consent management

Nigeria will use BVN for open banking consent management, is it a good move?

August 26 2024

  • Uncategorized
In Nigeria, the Open Banking Consent Management System (OBCMS) is the technological platform from which this consent is given. Uniquely, the OBCMS uses the Bank Verification Number (BVN) to verify end-user identities when they grant consent....
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Young Afro girl wearing glasses - unsplash img

3 ways credit needs Open Banking in Nigeria

July 23 2024

  • Thought leadership
Credit is not just a financial tool; it's the lifeblood of a thriving economy. No nation can truly prosper or expand without the support of a robust credit system. Financial services often find their footing and thrive when credit is...
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what are variable recurring payments

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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