Open banking gives banks, Fintechs room to share data in Nigeria
Published 28 Sep,2020 via The Nation - Banks have accepted the Central Bank of Nigeria’s (CBN) directive to share customers’ data with financial technology (Fintech) firms under the open banking initiative.
The move is expected to reduce the number of the unbanked and provide better financial services to customers.
CBN Director, Payment System Management, Musa Jimoh made this known during the virtual FirstBank FinTech Summit 4.0 in Lagos with theme:”How Blockchain and Artificial Intelligence will disrupt FinTech in Nigeria.”
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