August 16 2020
Open Banking Nigeria, the leading non-profit coalition of industry stakeholders advocating the adoption of open banking in Nigeria, has welcomed into its fold Pngme, a leading API player in the international financial landscape. Pngme, the unified data API for financial...
July 24 2020
Raidiam, the United Kingdom’s pioneering provider of digital connectivity, identity and access management services, has become the latest corporate member of Open Banking Nigeria, the leading non-profit coalition of industry stakeholders advocating the adoption of open banking in Nigeria. Raidiam...
June 24 2020
TrueLayer, the leading provider of financial APIs, has joined Open Banking Nigeria, the industry-formed advocacy group driving the adoption of open banking in Nigeria, to develop the open Application Programming Interfaces (API) standards for the Nigerian financial industry. This partnership,...
June 6 2020
by Adedeji Olowe and Oge Okonkwo Introduction The concept of Open Banking is emerging globally as the potential future of the banking industry. Open banking refers to how financial institutions and third-party providers (FinTechs, InsurTechs, Lifestyle service providers, Retail companies,...
May 31 2020
by Ayowole Popoola and Igboa Abumere Executive Summary The need to build a connected world has become very imperative. Almost every industry has been upturned by the advent of technology and the internet. From the logistics to the automotive sector,...
April 16 2020
Sparkle, a digital bank for the retail sector founded by the erstwhile former CEO of Diamond Bank Plc., has become the latest stakeholder in Nigeria’s financial services industry to join other fintechs, banks and accounting firms in the cause for...
April 5 2020
Introduction Banks, Fintechs, and other financial institutions have traditionally relied on internal customer and transactional data as well as credit scores/reports from credit bureaus for credit risk assessment. In developing these credit scores and reports, Nigerian credit bureaus have aggregated...
January 1 2020
Open banking signals a remarkable shift in the business of banking. It embodies a creative disruption of the banking business, leading to a rearrangement of priorities and focus on consumer needs and changing expectations, leveraging data in a system built...
November 25 2019
Introduction Financial inclusion has become more than a catchphrase within the financial services space in recent times, primarily due to discussions on the subject from several stakeholders, including development organisations, governments, banks, etc. Investopedia defines financial inclusion as “efforts to...
November 10 2019
To drive the adoption of an industry-wide, non-partisan standard for stakeholders in Nigeria’s financial services ecosystem towards the provision of improved, customer-focused and tailored services, eTranzact International Plc, Nigeria’s premier payment processor and Accounteer, the frontline cloud accounting solutions provider...
March 21 2025
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.
