Development of Open Interfaces for Applied Programming

The objective of the National Bank of the Republic of Belarus is to develop open banking API (application programming interface) standards for incorporating application programming interfaces into financial sector, which will allow government agencies, commercial organizations and natural persons to actively use information, payment and statistical services of banks and other non-bank financial institutions, as well as diversify participants of the payment services market and improve the model of functioning of the Single Settlement and Information Space.

A Roadmap for the Development of Open Banking API Standards was developed and approved, which can be viewed at the link.

The coordinating manager of the cooperation area “Development of Application Programming Interfaces” is Alexandr Ermakovich (available in Russian only).

More information can be found at the link (available in Russian only).