Tag Archives: open techology foundation

  • Open Vector report for Open Banking Nigeria

    Abstract This study, commissioned by open Banking Nigeria (OBN) analyses the current situation in Nigeria with respect to open banking and what might be learned from other open banking initiatives notably in the UK and Europe. The key finding is that while OBN ‘bottom up’ practical approach is yielding benefits, if it is not to …

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  • CBN to embrace Open Banking System

    As the banking system moves to deliver quality services to consumers in the 21st century driven by new technological advancements, the Central Bank of Nigeria (CBN) has declared its interest in Open Banking System which grants bank customers easy access to their data and opening the financial system to applications and other services. This was …

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  • Open Vector partners with Open Banking Nigeria

    As part of a global alliance, Open Banking Nigeria has entered a strategic alliance with Open Vector to jointly develop the Open Banking Nigeria API standards. Open Vector is a strategic change advisory firm specializing in providing Open Banking consulting and implementation services to senior and C-level banking executives worldwide. Speaking on the partnership, Ope …

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  • “We do not yet have an end-to-end view of opportunities that exist in Open Banking space” – Opeyemi Ndukwe

    Managing Partner, Blue Advisory, Opeyemi Ndukwe has described opportunities that abound with open banking platform as prospects that its end cannot be quantified now. Ndukwe who was at the launch of the platform in Lagos said that open banking is a wide space where so much can happen. “We do not yet have an end-to-end …

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  • Open Banking Nigeria: Transforming Payments in Nigeria with Open APIs

    by Adedeji Olowe This is the email that birthed Open Banking Nigeria; just 2 minutes to midnight on June 1, 2017. Sent to those unfortunate to be my friends and so, are subject to never-ending streams of half-baked ideas and utter madness. It’s a very long read, be warned! **************************************** Good evening everyone, At one …

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  • Open Banking Nigeria: Organisation officially launches API Standards with Banks and Fintechs

    The concept of Open Banking has been gathering waves over the years but reached a watershed with the pronouncement of the PSD2. Beyond Europe, countries such as Australia, Hong Kong, United Kingdom, and Nigeria are at various stages of review, design or implementation of Open Banking. Open Banking is an initiative designed to enhance and …

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  • Open Banking Nigeria: Kinexus, Paystack, Wallet.ng Endorse, Adopt API Standards

    As Open Banking practices gain prominence in the global financial services industry, Kinexus, Paystack, and Wallet.ng, four of Nigeria’s most innovative Fintechs, have separately announced their intention to support and adopt Open Banking Application Programming Interface (API) standards for the transformation of financial services in Nigeria. This was one of the revelations as the payment …

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  • Open Banking: Open Technology Foundation launches free APIs to make banking easier

    The Open Technology Foundation, a not-for-profit organization, has launched Open Banking Nigeria open source APIs, in a bid to drive innovation and choice for all parties within the financial industry. The APIs, which are the first set of free banking APIs in Nigeria, is to be adopted as a standard for the Nigerian financial industry …

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