Is Open Banking Giving Apps Permanent Access to Your Finances?

Many of us have clicked "Allow" when linking our bank to a finance app and then moved on. What you may not know is that permission can remain active indefinitely. That app could still be reading your data right now. Open Banking lets you authorise your bank to share your account balance, transaction history and income patterns with third-party services. In Nigeria, the Central Bank’s new framework makes consent explicit, revocable and transparent. But forgotten permissions mean old apps may still hold keys to your financial profile. You can protect yourself by reviewing and revoking access. Check each app’s permissions, set time limits and resist blanket "Allow All" requests. Treat your financial data like the asset it is.

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