Open Banking Blog

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

November 30 2024

Open Banking has been hailed as the future of financial services globally. The idea is simple: consumers should own their financial data and have the right to share it with whomever they choose, securely and seamlessly.  Yet, as open banking...

November 30 2024

One could say NIBSS was built for this pivotal moment in Nigeria’s financial history. Back in 1993, the Central Bank of Nigeria and the Bankers’ Committee brought in NIBSS to solve a massive problem—Nigerian banks couldn’t talk to each other....

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....

July 23 2024

Credit is not just a financial tool; it's the lifeblood of a thriving economy. No nation can truly prosper or expand without the support of a robust credit system. Financial services often find their footing and thrive when credit is...

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....

November 28 2022

A major challenge experienced by both SMEs, MSMEs and large businesses is determining how best to manage their money gotten from sales or other operations. The reality is that many businesses leave money on the table by letting funds sit...

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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