Continuation of implementation of Consumer Data Right (CDR) obligations, with banks required to start opening customer data and other institutions required to share product reference data by 1 February 2021.

Larger banks mandated to open product, account and payments APIs from 1 February 2021.

Consultation on Open Banking framework closed on 22 January 2021.

The European Banking Authority (EBA) set new deadlines for national competent authorities to ensure banks remove any remaining obstacles that prevent third party providers from accessing payment accounts by 30 April 2021

Consultation on the draft Kenya National Payments System Vision and Strategy 2021 – 2025 closed on 29 January 2021.

The Central Bank of Nigeria (CBN) introduced Framework for Regulatory Sandbox and issued the Regulatory Framework for Open Banking in Nigeria in February 2021.

Launched the first phase of Instant Payment Systems Raast on 11 January 2021 Opened public consultation for Digital Bank Regulatory Framework on 26 March 2021, with digital banks required to submit an open API strategy.

Launched Fintech Sandbox in February 2021, aiming at boosting innovation.

Introduced Open Banking Policy

Unveiled its work agenda for 2021 on 18 January 2021. One of the tasks is to continue to promote the development and use of contacless financiall services, including those via open banking/open finance.

Banks entered the second phase of Open Banking, which focuses on consumer accounts and transactions information.

Published feedback on the Call for Input on Open Finance on 26 March 2021. Opened public consultation on the future governance of UK Open Baning on 5 March 2021, in preparation to wind down the Open Banking Implementation Entity.

Closed public consultation on Proposed Rulemaking on Consumer Access to Financial Records, laying out initial foundation for an open banking/finance framework.