Russia Open Banking

Russian Open Banking Standards

UpcomingOpen BankingEurope
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Jurisdiction
Russia
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Effective Date
TBD
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Full Compliance
TBD
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Regulator
Bank of Russia

Overview

Russia's Open Banking initiative is backed by the regulator but implementation is voluntary. The Bank of Russia and Russian FinTech Association (RFA) have developed recommendatory standards.

Scope & Coverage

AISPIS

Key Requirements

1
Voluntary participation
2
RFA standards alignment
3
Bank of Russia oversight
4
API security guidelines

Implementation Timeline

Oct 1, 2020
Bank of Russia approved first recommendatory standards

Key Notes

Recommendatory standards approved. Voluntary implementation model.

Official Resources

Related Regulations

Other open banking frameworks in Europe:

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