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Getting Started with Open Banking Nigeria future forward APIs
The Central Bank of Nigeria and the financial ecosystem have designed world-class operational guidelines for how open banking will be operated by various stakeholders.
Should be secure, simple, and adaptable
Privacy is sacrosanct
Open Banking Nigeria has worked with the industry to create a world-class but relevant API standard and other technologies to help banks and fintechs to launch their open banking quickly and in compliance with CBN regulations
Security has been designed into the system from
grounds up. There is a strong consideration to use FAPI.
Should be secure, simple, and adaptable.
Privacy is sacrosanct.
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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