January 31 2025
In a nation where over 41 million Micro, Small, and Medium Enterprises (MSMEs) contribute nearly half of the GDP, it’s perplexing that less than 11% have access to formal credit. In 2016, the Central Bank of Nigeria established the National Collateral Registry to enhance...
January 30 2025
November 17 2024
August 30 2024
Nigeria embarked on its Open Banking journey in 2017, spearheaded by a coalition of industry stakeholders advocating for greater innovation and inclusion. This mirrored the United Kingdom’s pioneering efforts under GDPR and the Second Payment Services Directive (PSD2), which sought...
August 12 2024
Open Banking and Artificial Intelligence are more connected than might be guessed at the surface. Startups, Prosaic and Abound, have raised over $500 million on the premise that they can improve customer outcomes by combining these technologies. But how can...
June 1 2026
May 5 2026
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.
