Standard Chartered Bank Nigeria Ltd,

If you run a lending operation, the phrase “core banking system” surfaces often enough that you probably have a rough sense of what it means. The trouble is that a rough sense stops being useful when you are actually evaluating vendors, planning a system migration, or trying to diagnose why your current platform keeps producing […]

This article walks through Nigeria’s Banks and Other Financial Institutions Act in a way that connects the legal provisions to how lending businesses actually operate.

This FAQ is written for people who are trying to make sense of how open banking affects real operations.