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Open Banking Blog

Stories, insights, and advice that will transform banking and finance for good
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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Unlocking Opportunities: Open Banking and Artificial Intelligence (AI) in Nigeria

August 12 2024

  • Thought leadership

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...

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cbn open banking

The roles of CBN with Open Banking in Nigeria

July 27 2024

  • Thought leadership
Open banking in Nigeria is a collaborative effort, and the combined efforts of the CBN, NIBSS, banks, and fintech companies will give people more control over their money....
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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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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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Hello Nigeria! - Rolling out Open Banking Capabilities

Hello Nigeria! – Rolling out Open Banking Capabilities

May 2 2024

  • Partner Spotlight, Thought leadership
Hello Nigeria! - Rolling out Open Banking Capabilities (A KPMG Article)...
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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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How Charities and NGOs can benefit from Open Banking

How Charities and NGOs can benefit from Open Banking

November 3 2023

  • Thought leadership
How Charities and NGOs can benefit from Open Banking...
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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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What’s open finance and what does it mean for Nigeria?

April 29 2025

  • Information
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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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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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