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....

December 31 2024

Open banking. The buzzword that has everyone nodding in agreement, but if you stop the average person on the street—or even in the boardroom—they’d struggle to tell you what it really means. Is it APIs? Fancy fintech dashboards? Or is...

December 31 2024

Imagine a world where access to credit isn’t just a privilege for the fortunate few but a foundational layer of everyday life—like clean water or electricity. Now, hold that thought and ask yourself: why is it that in a country...

November 30 2024

While countries around the world are adopting open banking in their unique ways, the UK and the US stand out as leaders with very different approaches....

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....

August 12 2024

Open Banking and Artificial Intelligence are more connected than might be guessed at the surface. Startups, Prosaic and Abound, have raised over $500 million on the premise that they can improve customer outcomes by combining these technologies. But how can...

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...

June 30 2024

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

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....

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