Russia's largest banks are preparing to merge information on customer accounts within the framework of open API technology, which will allow them to manage their finances through a single window.
The country's leading banks, such as VTB, Alfa Bank, Sberbank, and Tinkoff, as well as Gazprombank, are implementing this project, RBC has learned. Open APIs serve to transfer data between different companies, allowing banks to open up access to their data to third-party organizations. The central bank also plans to introduce open APIs in various financial markets. Pilot projects are planned for 2024-2025, with gradual implementation from 2026.
Sberbank and Tinkoff are already testing the information sharing project in a closed pilot, which is planned to be tested on the first group of customers by the end of summer 2024. Customers will be given the opportunity to give consent to data sharing, which can always be withdrawn.
Other banks, such as Gazprombank, are also preparing to launch pilots using open APIs. Promsvyazbank and MKB plan to use them for servicing legal entities, which will simplify the processes of interaction with banks and clients.
Earlier, the analyst pointed out the reasons for the “recovery of strength” in the dollar and euro, and the expert also admitted the increase in the key rate of the Central Bank in early June.