Blog - Page 3 of 16 - Open Banking Nigeria

Which banks and fintech companies would be open banking users in Nigeria?

August 27 2024

Information

Although everyone is allowed, there are strict requirements around regulatory compliance, data security, and technical readiness for open banking users....

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....

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...

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....

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...