Tag Archives: PSD2

  • Open Banking In Africa

    The conversation on Open Banking in Africa is one that has been a long time coming. While the benefits seem apparent at first glance, there’s a lot at stake for banks, fintechs, governments, and consumers. Open Banking uses secure application programming interface (API) integration with banking systems and mutually agreed on API taxonomy to let …

  • Raidiam, a UK Open Banking Pioneer, Joins Open Banking Nigeria

    Raidiam, the United Kingdom’s pioneering provider of digital connectivity, identity and access management services, has become the latest corporate member of Open Banking Nigeria, the leading non-profit coalition of industry stakeholders advocating the adoption of open banking in Nigeria. Raidiam was an active participant in the design and development of the Trust Framework which delivered …

  • Interswitch, Paga adopt Open Banking, to champion advocacy in Nigeria

    Interswitch, Africa’s largest integrated digital payments and financial technology firm, and pioneer mobile payments firm, Paga have joined other forward-thinking stakeholders in Nigeria’s financial services industry to adopt Open Banking and champion its advocacy in Nigeria with the aim of driving innovation and choice for customers, businesses, financial technology firms, banks and other players in …

  • Nigeria to Pioneer Open Banking in Africa, Joins the UK, Others

    Nigeria has signified a strong desire to become the first country in Africa and the second in EMEA—after Bahrain—to officially adopt an Open Banking standard, which defines how financial data is created, shared and accessed – a system which also provides users with a network of financial institutions’ data through the use of a standard …

  • PwC Nigeria, Heritage Bank, and Global Accelerex join Open Banking Nigeria

    As moves to establish open banking API standards in Nigeria intensifies, PwC Nigeria, Heritage Bank, and Global Accelerex have joined the list of companies who are currently supporting Open Banking Nigeria (OBN). In separate announcements, the companies have pledged their support towards the adoption of Open Banking Application Programming Interface (API) standards for the transformation …

  • 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 …

  • 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 …

  • “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 …

  • 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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