Open Banking Blog

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

September 27 2024

Open Banking has been touted as one of the most revolutionary shifts in financial services, with Nigeria at the forefront of adopting this transformative model in Africa. In 2021, the Central Bank of Nigeria (CBN) formalized the Open Banking regulatory...

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)...

November 3 2023

How Charities and NGOs can benefit from Open Banking...

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...

January 31 2023

Lendsqr, an LaaS firm needs open banking made available in Nigeria to help its lenders scale and digitize their business, effectively....

December 31 2022

In Nigeria, incorporating FAPI with feature phones and channels not driven by internet has been a big concern, but OBN now has the answer. Read all about it on our latest blog post...

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