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Technologies and use cases for Open Banking in Nigeria

How open banking will work in 2024

In our last blog post, we reflected on the past year and explained what to expect from open banking this year.

However, we didn’t stop there. The open banking team hosted an industry event with major stakeholders and representatives from NIBSS, Sterling Bank, KPMG, Sparkle Bank, and Banfico. Our conversation delved deeper into use cases for open banking in Nigeria and the technologies that would drive them.

Akinwunmi Ogunsola broke down the technologies

The first session was an insightful presentation from Akinkunmi Ogunsola of the Nigerian Interbank Settlement System (NIBSS). He broke down the framework and ideologies that would drive open banking.

You can hear more about this here:

Featured read: 4 innovations driven by the regulations surrounding open banking in Nigeria

Use cases for open banking in Nigeria

We hosted a panel session featuring:

These industry experts shared their insights on leveraging open banking across various sectors. To get the full gist watch this rivetting session graciously moderated by Khadijah Abu of Paystack (and OBN trustee) below:

To stay updated about key developments in open banking in Nigeria, learn about membership opportunities, or make inquiries about participation, please reach out to the dedicated OBN team via email at contact@openbanking.ng.