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Open Banking in Nigeria: How Charities and NGOs can benefit from Open Banking

How Charities and NGOs can benefit from Open Banking

Mono can redefine its open banking with open banking!

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 financial data in a uniform fashion; either directly or through a middleware if their infrastructure cannot conform to this standard (yet). This eliminates the complexity that hinders seamless integration.

2022: Nigerian Fintech Map and Year in Review by Segun Adeyemi

The Role of Fintechs in Nigeria’s Open Banking Ecosystem

With over 250 Fintech Startups in Nigeria6, it is clear that Open Banking can serve the strategic objectives of many sub-verticals ranging from Lending to Personal Finance and from Agritech to Digital Insurance. Learn more here.

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

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). 

Test driving the draft open banking API standard (What next: Part 2 of 3)

Underpinning every open banking regime is an API standard. Open Banking Nigeria is welcoming industry stakeholders to share their thoughts!

Next steps after the Final Operational Guidelines release (What next: Part 1 of 3)

Open Banking goes live in Nigeria! Next steps after the Final Operational Guidelines release.

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