The Bank of Russia plans to prepare a roadmap for the implementation of open APIs and submit it for discussion with fintech companies and other market participants.

In addition, the Central Bank intends to create unified industry rules for data exchange, as well as requirements for compliance with information security. The regulator is also considering the possibility of creating a unified environment for establishing general principles and approaches to the design, creation, implementation and use of open APIs.

The decision to create such an environment will be made based on the results of the discussion of the concept.

At the moment, the Central Bank has approved four standards for open APIs, which are advisory in nature, they affect several areas: obtaining information about the account, payment API, public data, information security. Today, Sberbank, VTB, Alfa-Bank, Raiffeisenbank, Rosbank, SKB-Bank provide their software interfaces on the market.

The first open API standards were released in October 2020. With their help, banks and fintech companies can set up a seamless exchange of customer data with his consent.

Original (in Russian)