In a draft document that became public on May 18, the Central Bank of Nigeria (CBN) proposed guidelines that would usher in an ‘open banking‘ era in the country, a key step in creating a standard for how companies exchange digital financial data belonging to consumers.Most notably adopted in the UK, open banking is the idea that the easy exchange of consumer data between financial and non-financial companies, with consumers’ consent, is necessary to create more useful and competitive consumer services. Data is exchanged through application programming interfaces (APIs)—software programs that act as digital plugs for requesting and transferring data.More services would invite more people into
Hence then, the article about nigeria wants banks startups and retailers to share customer data was published today ( ) and is available onQuartz ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Nigeria wants banks, startups, and retailers to share customer data )