What you need to know about Nigeria’s Open Banking
Company

What you need to know about Nigeria’s Open Banking

Two years after the first Open Banking framework circular was released, the CBN issued operational guidelines for Open Banking on Tuesday, March 7, 2023, heralding a start for what many anticipated would bring about a much-needed change in financial services.

Why GSI fails for borrowers with unpredictable income
Industry Information

Why GSI fails for borrowers with unpredictable income

Today, we’ll be highlighting three major challenges lenders may encounter when using GSI to recover loans from borrowers with unpredictable income:

How to report defaults to credit bureaus responsibly
Lender information

How to report defaults to credit bureaus responsibly

This article explains how to report defaults correctly. It covers checking information, notifying borrowers, handling disputes, and keeping proper internal controls.