First City Monument Bank joins Open Banking Nigeria

Source: Open Banking Nigeria

First City Monument Bank (FCMB), one of Nigeria’s leading financial institutions, is now a member of Open Banking Nigeria, an industry-focused non-profit body facilitating the advocacy, development, and adoption of a common standard for open Application Programming Interface (API) within the Nigerian financial ecosystem. With this development, FCMB has formally joined more than 50 other individual and corporate members across the financial industry, including Banks, Fintechs, financial consultants, global customer service leaders, among other stakeholders, as an integral part of Open Banking Nigeria.

Commenting on FCMB’s membership of Open Banking Nigeria, the Divisional Head, Transaction Banking of the Bank, Mrs. Rolayo Akhigbe, said:

“As an institution focused on the attainment of enhanced customer experience and a more productive as well as impactful business environment, our membership of Open Banking Nigeria reinforces our commitment to the delivery of exceptional services. We are optimistic that this would also upscale our operations and ultimately enable us to align with the aspirations of our customers”.

Trustee of Open Banking Nigeria, Mr. Ope Adeoye, said:

“It is a delight to welcome FCMB to the fold. We anticipate working together for a standardized API-led system that would facilitate the growth, accessibility and viability of numerous cross-industry initiatives which would stem from Nigeria’s financial ecosystem”.

Established to define and develop these open and non-partisan API standards, Open Banking Nigeria serves as a platform where industry players jointly champion a progressive cause for the benefit of the country and, by extension, the African continent.

First City Monument Bank (FCMB) is a member of FCMB Group Plc, one of the leading financial services institutions in Nigeria with subsidiaries that are market leaders in their respective segments.