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.| Open Banking Nigeria
John needs to sign up for a new budgeting app. Instead of creating yet another password, he sees an option to log in with Google. He clicks it, Google verifies his identity, and within seconds, he has access. No new credentials to manage, and no forms to fill out. This login experience is powered by […] The post Will Nigeria use FAPI for authentication? appeared first on Open Banking Nigeria.| Open Banking Nigeria
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). | Open Banking Nigeria
As the CBN has recently approved the operational guidelines for Open banking in Nigeria, Financial Institutions, and Fintechs require direction on their roles in this new digital ecosystem. Earlier this month, we indicated a tentative order of events that the CBN might follow in rolling out Open Banking operationally. As we await technical implementation guidance, this article aims to present Nigerian Fintech’s roles in the Open Banking Ecosystem. | Open Banking Nigeria