CBA: Integration of all fintechs with open banking has begun

Kanan Sadigov
Author

Integration of sub-fintechs into open banking has begun in Azerbaijan.

Report informs that this was stated by Fidan Tofidi, Director of the Financial Technologies and Innovations Department of the Central Bank of Azerbaijan (CBA), at Baku Fintech Forum 2025.

"This is not the end in the field of open banking, we have just begun. We also have several phases. A letter was sent to them yesterday regarding the integration of sub-fintechs. In addition, we will first include banks for 'payment initiation', and then fintechs. It doesn't end there, because as a mega-regulator, the CBA plans to integrate both insurance and investment companies into Open Finance," she noted.

Other News

Foreign investments in Azerbaijan's economy increase 28.7% 13 December, 2025 / 17:51
EBRD invests approximately $3.7B in projects in Azerbaijan 13 December, 2025 / 09:33
Nominal income of Azerbaijan's population surges by over 8% 12 December, 2025 / 13:36
Azerbaijan nearly doubled direct investment in Georgia in nine months 12 December, 2025 / 13:16
EDB: Azerbaijan among top 3 recipients of FDI from Eurasian countries 12 December, 2025 / 12:28
EBRD approves $100M for Azerbaijan's green economy financing program 12 December, 2025 / 11:36
CBA currency exchange rates (12.12.2025) 12 December, 2025 / 09:18
Key indicators of world commodity, stock, and currency markets (12.12.2025) 12 December, 2025 / 09:02
Azerbaijani, Malaysian Central Banks discuss prospects for collaboration 11 December, 2025 / 16:11
Taleh Kazimov: Central Bank in talks with Euroclear, Clearstream to connect Azerbaijan to global capital markets 11 December, 2025 / 15:59
Average monthly salary in Nakhchivan reaches 812 manats 11 December, 2025 / 14:37
Azerbaijan earns 127.1M manats from privatization in 11 months 11 December, 2025 / 14:22
Central banks of Azerbaijan and Switzerland discuss project portfolio 11 December, 2025 / 13:46
Azerbaijan's Central Bank freezes Paysis' operations amid investigation into illegal gambling 11 December, 2025 / 12:10
US dollar strengthens after Fed meeting 11 December, 2025 / 11:48
Gold prices rise as US Treasury yields fall 11 December, 2025 / 10:44
CBA currency exchange rates (11.12.2025) 11 December, 2025 / 09:40
Key indicators of world commodity, stock, and currency markets (11.12.2025) 11 December, 2025 / 09:14
US Fed approves third rate cut this year 11 December, 2025 / 08:15
IATA: e-SAF requirements may increase costs by up to €29B 10 December, 2025 / 15:54