In March 2018, the Central Bank of Nigeria talked about its interest in an Open Banking system, which will open up the financial system and allow the transaction data that banks sit on to be accessible to other industry players. All of this data sharing will happen through Application Programming Interfaces (APIs). At the time, …
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CBN’s regulatory framework on open banking in Nigeria; What next?
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FCMB joins Open Banking Nigeria
…reinforces commitment to innovation and customer satisfaction First City Monument Bank (FCMB), one of Nigeria’s leading financial institutions, is now a member of Open Banking Nigeria, an industry-focused non-profit body facilitating the advocacy, development, and adoption of a common standard for open Application Programming Interface (API) within the Nigerian financial ecosystem. With this development, FCMB has …
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Open Banking Nigeria welcomes Pngme
Open Banking Nigeria, the leading non-profit coalition of industry stakeholders advocating the adoption of open banking in Nigeria, has welcomed into its fold Pngme, a leading API player in the international financial landscape. Pngme, the unified data API for financial institutions and developers, joins other stakeholders within and outside Nigeria to extend the depth and …
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