Business materials for 5 June 2024

News

VTB and Alfa-Bank Launch "Open Banking" Technology

VTB, together with Alfa-Bank, is implementing a pilot project to introduce the Open Banking standard on the platform of the FinTech Association. The companies announced this on the eve of SPIEF-2024. The new technology will allow customers to see all their accounts and products in one personal account and perform their usual operations there - for example, apply for a loan. The full transition to open interfaces in the financial sector is planned from 2026.