
Open Banking
New opportunities for managing your finances
What is Open Banking?
Open Banking is a secure technology that allows sharing account information and making payments through third-party financial service providers. Data exchange happens exclusively with your consent
Who are the participants of Open Banking?
Examples of Open Banking usage
Let's take a look at some examples of Open Banking usage:
FAQ
No, you connect to Open Banking only after giving your consent in the MyRaif app. In the app, you can also view all the consents you have given to third-party providers of non-financial payment services (TPPs).
The bank only transmits the information that you have consented to in the MyRaif app. Possible information to be transmitted after your consent includes:
- Transaction history for the last 30 days
- Information about your accounts
- Account balances
Data transmission is carried out through secure communication channels using advanced encryption technologies.
You need to initiate the data transfer from the web interface or app of another financial institution, after which you will need to provide consent for the data transfer through the MyRaif app.
No, the third-party financial institution does not have access to your registration details. They only have access to the information that you have consented to.
You can withdraw your consent at any time through the MyRaif app or the third-party service provider.
Contact the support team of Raiffeisen Bank or the third-party service provider (TPP) in any convenient way for you. You can also use our contact form.
A TPP is a third-party service provider that is authorised and verified by the National Bank of Ukraine and has access to customer bank data with their consent. TPPs can offer various financial services such as expense analytics, account aggregation, or payment initiation using bank APIs.
No, a TPP cannot send payments without your consent in the MyRaif app.
Detailed information on Raiffeisen Bank's integration for TPPs
For additional information on third-party provider (TPP) integration, visit our page