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.
AWS now accepts payments in Naira, easing cloud access for Nigerian businesses
AWS will now accept payments in Naira, responding to local demand. The devaluation of the Naira has increased dollar-based cloud costs by over 114%.
Who calls the shots at Susa Ventures-backed Okra?
Okra has raised $16.5 million in venture capital from investors like Susa Ventures, Base10, TLcom Capital, and more. Okra provides real-time access to financial data through its API services.
Open banking can change Nigeria’s financial industry. Why is the CBN stalling on it?
Nigeria became the first African country to adopt open banking last year. Open banking can improve lending by providing fintechs with data to assess creditworthiness and create credit scores for Nigerians.
