Fintechs, Banks Await Regulation on Open Banking

Operators of financial technology (fintech) companies and banks have urged the Central Bank of Nigeria (CBN) be more innovative in designing the framework for open banking in the country.

Speaking recently at the KPMG Cyber Security Roundtable in Lagos, the Director, Banking and Payments System Department, Dipo Fatokun, said the central bank would soon make public, an exposure draft on open banking in the country.

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