Open Banking Blog

Stories, insights, and advice that will transform banking and finance for good

March 21 2025

At the center of the open banking shift is the API standard, which dictates how institutions should share data in a structured and secure way....

February 28 2025

John needs to sign up for a new budgeting app. Instead of creating yet another password, he sees an option to log in with Google. He clicks it, Google verifies his identity, and within seconds, he has access. No new...

January 2 2025

Nigeria’s digital payment ecosystem is at a crossroads. While digital payment adoption is growing, with over 60% of the population engaging in online transactions, many Nigerians still face persistent barriers: transaction failures, delays in receiving one-time passwords (OTPs), and security...

November 29 2024

Data privacy in open banking isn’t the headline-grabbing attention in Nigeria. It’s not the celebrity scandal everyone talks about, and it’s certainly not what you’ll see trending on Twitter on a random Tuesday.  But maybe it should be. Because right...

August 26 2024

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....

June 30 2024

The OBN team answers some of the most popularly asked questions about Open Banking in Nigeria...

May 2 2024

Hello Nigeria! - Rolling out Open Banking Capabilities (A KPMG Article)...

July 31 2023

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....

June 26 2023

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)....

February 28 2023

How open banking in Nigeria will Increase Financial Access for MSMEs...

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