A financial services term that refers to the use of APIs to enable third-party developers to build applications and services around financial institutions.
5 Trends Rewriting the Rules in the Financial Sector
BFSI organizations spend an average of $1.2 million a year on cybersecurity. Open Banking APIs present both opportunities for innovation and potential entry points for cyber threats.
Nomba wants Nigerian merchants to collect pounds directly from UK banks
Nomba partners with Volume to enable Nigerian businesses to collect GBP directly from UK bank accounts. The integration allows merchants to receive bank-to-bank payments, reducing reliance on international card processors.
Mono to launch treasury management platform following Flutterwave acquisition, targets Africa-wide expansion
Mono is set to launch a treasury management tool for African businesses in 2026. The startup was recently acquired by Flutterwave, enhancing its capabilities.
Capitec VRP lets South Africans make recurring payments directly from bank
Stitch partners with Capitec Bank to automate recurring payments for services. Capitec Pay VRP allows customers to set a maximum spending limit for automated payments.
Bank of Ghana Releases Draft for Open Banking Directive
Release of draft Open Banking Directive by the Bank of Ghana. Public comment period of 30 days for stakeholders.
