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Open Banking Blog

Stories, insights, and advice that will transform banking and finance for good
The Role of Fintechs in Nigeria's Open Banking Ecosystem

The Role of Fintechs in Nigeria’s Open Banking Ecosystem

July 31 2023

  • Thought leadership
With over 250 Fintechs in Nigeria, 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....
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Open Banking in Action via APIs

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

June 26 2023

  • Progress Updates, Thought leadership
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)....
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Test driving the draft open banking API standard (What next: Part 2 of 3)

May 28 2023

  • Uncategorized
Underpinning every open banking regime is an API standard. Open Banking Nigeria is welcoming industry stakeholders to share their thoughts!...
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Next steps after the Final Operational Guidelines release (What next: Part 1 of 3)

May 8 2023

  • Uncategorized
Open Banking goes live in Nigeria! Next steps after the Final Operational Guidelines release....
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Open banking regulation in Nigeria is now approved by the CBN

Open banking regulation in Nigeria is now approved by the CBN

March 8 2023

  • Uncategorized
Open banking regulation in Nigeria is now approved by the CBN...
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Open Banking in Nigeria: Boosting Financial Access for MSMEs - unsplash img

Open Banking in Nigeria: Boosting Financial Access for MSMEs

February 28 2023

  • Thought leadership
How open banking in Nigeria will Increase Financial Access for MSMEs...
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The future of Lendsqr depends on open banking

The future of Lendsqr depends on open banking

January 31 2023

  • Thought leadership
Lendsqr, an LaaS firm needs open banking made available in Nigeria to help its lenders scale and digitize their business, effectively....
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The potential impact of open banking on the growth of fintechs in Africa.

The potential impact of open banking on the growth of fintechs in Africa

January 18 2023

  • Thought leadership

However, despite the inherent benefits of operating an open banking system, there are concerns about the security and privacy of customers’ financial information within the system. This is one of the main challenges with the adoption of open banking in...

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Authentication and authorization over “dumb” channels for open banking - fapi

Authentication and authorization over “dumb” channels for open banking

December 31 2022

  • Information
In Nigeria, incorporating FAPI with feature phones and channels not driven by internet has been a big concern, but OBN now has the answer. Read all about it on our latest blog post...
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How Open Banking will help businesses with money management

November 28 2022

  • Thought leadership

A major challenge experienced by both SMEs, MSMEs and large businesses is determining how best to manage their money gotten from sales or other operations. The reality is that many businesses leave money on the table by letting funds sit...

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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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