Baku 23° C
CBA: Integration of all fintechs with open banking has begun
Finance
- 09 October, 2025
- 12:28
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.
Author
Latest News
20:28
Video
Muradov: Azerbaijani engineers living in Europe can make significant contribution to the country
Diaspora20:23
Baku updates information on sailors affected in Azov Sea attack
Foreign policy20:18
Rafael Schvartzman: High European airport charges are hurting airlines
Infrastructure20:13
2026 Chovgan World Championship in Baku: match schedule approved
Team sports20:10
Stefano Titotto: Smart cities need smart materials
Business18:02
German professor names key platform for developing cooperation with Azerbaijani engineers
Business17:51
IATA supports raising threshold for compensation for flight delays
Infrastructure17:47
Majnun Mammadov: Investment in digitalization and logistics will reduce food losses
AIC17:44