Consolidation of Open Banking and Open Finance concepts in Angola

nBanks and its partners Zenki Group and KPMG organized an event on March 31st in Luanda, aimed at sharing knowledge to streamline and consolidate understanding of the potential of Open Banking. The goal was to encourage the earliest possible adoption of this technology in Angola, thereby significantly streamlining the management of financial, banking, and tax information for local companies. The implementation of the Open Banking solution in Angola is expected to bring several benefits, including more comprehensive services and faster access for clients, real-time information, and the entry of new competitors into the market.

Aggregated information enables better decision-making, increases knowledge of the company's financial, banking, and tax ecosystem, and drives the modernization and digital transformation of the business sector.

The technological services provided by this movement allow professionals who handle banking information for financial consolidation and bank reconciliation processes to save hundreds of hours every month.

In summary, it was a highly relevant event for the Angolan business sector, where it was possible to understand the advantages of the Open Banking movement, and ideal conditions were created for them to benefit from this innovative system that facilitates all business management.

Learn more about this event at:

https://mercado.co.ao/economia/nbanks-promove-aceleracao-e-consolidacao-de-open-banking-e-open-finance-em-angola-BF1142333