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Open Banking in Nigeria: What Next for Financial Services Sector

Introduction The Central Bank of Nigeria’s (CBN) recently released the Regulatory Framework for Open Banking in Nigeria, a document which the apex bank believes will provide an enabling regulatory environment that will eventually trigger the provision of innovative and customer-centric financial services in Nigeria, define risk-based data access levels and services through the safe utilisation and exchange of data and services, outline baseline and standards for data exchange among financial services sector participants while guiding operators in the handling of attendant risks and also promote healthy competition in banking. The CBN’s positioning in the past three years especially with regards to how easy they have endorsed disruption in the market makes this inevitable.

IIT Mandi makes home quarantine management app for COVID-19 patients

IIT Mandi makes home quarantine management app for COVID-19 patients IIT Mandi makes home quarantine management app for COVID-19 patients 05 February 2021 | News The developed application uses a combination of biometric verification, geofencing, and artificial intelligence, to continuously monitor and accurately detect the identity of a home quarantined person Source credit: Shutterstock Researchers at the Indian Institute of Technology (IIT) Mandi have developed LakshmanRekha, an artificial intelligence - biometric driven home quarantine management application (HQMA) for COVID-19 patients. The developed application uses a combination of biometric verification, geofencing, and artificial intelligence, to continuously monitor and accurately detect the identity of a home quarantined person.

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