Open Banking Blog

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

March 25 2025

Every year, businesses lose billions to a problem that shouldn’t exist.  Customers don’t cancel their subscriptions, their payments do. A card expires. A bank flags a transaction as fraud. A Direct Debit fails because there aren’t enough funds that day....

November 17 2024

Discover how OBN’s open-source API gateway is simplifying financial data sharing, driving innovation, and opening doors for banks and fintechs to deliver better services while fostering financial inclusion....

October 29 2024

Let’s walk you through the specific open banking regulations in place, their implications, and how they ensure a secure environment for all stakeholders....

August 27 2024

Although everyone is allowed, there are strict requirements around regulatory compliance, data security, and technical readiness for open banking users....

July 27 2024

Open banking in Nigeria is a collaborative effort, and the combined efforts of the CBN, NIBSS, banks, and fintech companies will give people more control over their money....

March 31 2024

We hosted an industry event with major stakeholders who delved deeper into the technologies and use cases for open banking in Nigeria....

March 10 2024

We are steering the industry toward a future defined by innovation, collaboration, and unprecedented possibilities....

January 18 2023

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...

August 15 2022

Nigeria is undoubtedly in the lead with its open banking initiatives among African countries and other developing countries. Kudos to CBN!...

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