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Open Banking Nigeria Roadmap – Igniting innovation with a common API standard
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CBN Prioritises Open Banking as Centric Gateway Launch Initiatives
The Central Bank of Nigeria has prioritised Open Banking in the development of the Payment Systems Vision PSV 2030 as it considers the concept as one of the top global trends and new practices in payments that have been deployed in other countries which must be considered in Nigeria. According to the apex bank, this …
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Sterling Bank to Champion Open Banking in Nigeria
To chart a new course for the financial services industry in Nigeria and the African continent, Sterling Bank Plc, one of Nigeria’s forward-looking financial institutions, has formally committed to the development of the Application Programming Interface (API) standard for financial institutions. First of its kind on the African continent, the initiative will ensure the launch …
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PwC Nigeria, Heritage Bank, and Global Accelerex join Open Banking Nigeria
As moves to establish open banking API standards in Nigeria intensifies, PwC Nigeria, Heritage Bank, and Global Accelerex have joined the list of companies who are currently supporting Open Banking Nigeria (OBN). In separate announcements, the companies have pledged their support towards the adoption of Open Banking Application Programming Interface (API) standards for the transformation …
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Africa’s Talking joins Open Banking Nigeria
Mobile technology company, Africa’s Talking, has joined the league of technology companies partnering with Open Banking Nigeria in the development of Open APIs for the Nigerian financial industry. Africa’s Talking provides communication APIs for SMS, USSD, voice, etc. to help technology startups and large companies communicate with their customers across Africa. To further strengthen their …
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Open Vector: ‘Open Banking Nigeria’s practical approach is yielding results’
As the effort to establish open banking API standards in Nigeria intensifies, Open Vector, one of the world’s most competent Open API consulting companies, has released a detailed report on Open Banking Nigeria. The report written by Open Vector for Open Banking Nigeria analyses the current situation in Nigeria with respect to open banking and …
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Open Vector report for Open Banking Nigeria
Abstract This study, commissioned by open Banking Nigeria (OBN) analyses the current situation in Nigeria with respect to open banking and what might be learned from other open banking initiatives notably in the UK and Europe. The key finding is that while OBN ‘bottom up’ practical approach is yielding benefits, if it is not to …
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CBN to embrace Open Banking System
As the banking system moves to deliver quality services to consumers in the 21st century driven by new technological advancements, the Central Bank of Nigeria (CBN) has declared its interest in Open Banking System which grants bank customers easy access to their data and opening the financial system to applications and other services. This was …
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Open Vector partners with Open Banking Nigeria
As part of a global alliance, Open Banking Nigeria has entered a strategic alliance with Open Vector to jointly develop the Open Banking Nigeria API standards. Open Vector is a strategic change advisory firm specializing in providing Open Banking consulting and implementation services to senior and C-level banking executives worldwide. Speaking on the partnership, Ope …
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“We do not yet have an end-to-end view of opportunities that exist in Open Banking space” – Opeyemi Ndukwe
Managing Partner, Blue Advisory, Opeyemi Ndukwe has described opportunities that abound with open banking platform as prospects that its end cannot be quantified now. Ndukwe who was at the launch of the platform in Lagos said that open banking is a wide space where so much can happen. “We do not yet have an end-to-end …
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