The Association of Chief Audit Executives of Banks in Nigeria (ACAEBIN) has intensified efforts to prepare Nigeria’s banking industry for the implementation of Open Banking by taking senior banking and fintech executives on an international training and study tour focused on governance, cybersecurity, risk management, and regulatory readiness.
The initiative comes as Nigerian financial institutions position themselves for the next phase of digital financial services, with Open Banking expected to reshape how banks, fintechs, and other financial service providers share customer data and deliver innovative products under a regulated framework.
The nine-day programme, organised by ACAEBIN in partnership with Euromoney and the Association of Banks in Singapore (ABS), took participants to the United Kingdom and Singapore between June 15 and June 23, 2026.
The programme, themed “Open Banking 360°: Strategy, Risk and Assurance for a Secure and Connected Financial Ecosystem,” exposed participants to international best practices on implementing Open Banking while maintaining strong governance, cybersecurity, operational resilience and consumer protection.
The UK sessions focused on the strategic and operational foundations of Open Banking, covering global regulatory developments, governance frameworks, application programming interface (API) security, data privacy, customer consent management, third-party risk management and assurance mechanisms required to support secure digital financial ecosystems.
