An initiative aimed at establishing a regulated framework for data sharing in the Nigerian fintech sector.
How product and engineering teams can prepare for open banking
The Central Bank of Nigeria has approved the open banking framework, set to go live in August. Fintechs must shift from credential-based access to OAuth2-based flows for user authentication.
How open banking will change how fintechs manage API integrations with banks
Accessing bank data in Nigeria was previously complex and often relied on personal relationships. Fintechs used insecure methods like screen scraping to gather user data, raising security concerns.
