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🇳🇬 Nigeria /Economy & Trade

ACAEBIN Strengthens Open Banking Readiness Through International Collaboration

From ThisDay · () English

Summarized and contextualized by DistantNews.

At a glance

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  • The Association of Chief Audit Executives of Banks in Nigeria (ACAEBIN) has partnered with Euromoney and the Association of Banks in Singapore (ABS).
  • This collaboration aims to strengthen Nigeria's readiness for open banking.
  • The partnership signifies a move towards enhancing financial sector standards and integration.

The Association of Chief Audit Executives of Banks in Nigeria (ACAEBIN) has forged an international partnership with Euromoney and the Association of Banks in Singapore (ABS). This collaboration is designed to bolster Nigeria's preparedness for the implementation of open banking.

The move signals ACAEBIN's commitment to advancing the financial sector's capabilities and aligning them with global standards. Open banking, which allows third-party financial service providers to access banking data with customer consent, is seen as a key driver of innovation and competition in the financial industry.

By engaging with international bodies like Euromoney and ABS, ACAEBIN seeks to leverage global expertise and best practices. This partnership is expected to facilitate knowledge exchange and capacity building within the Nigerian banking sector, ultimately enhancing its readiness for the evolving digital financial landscape.

The Association of Chief Audit Executives of Banks in Nigeria (ACAEBIN), has announced its International partnership with Euromoney and the Association of Banks in Singapore (ABS) in a significant

— ACAEBINAnnouncement of the partnership
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Originally published by ThisDay. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.

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