PrivatBank launches open API platform

PrivatBank has launched a new open API platform to allow FinTech companies to create effective, innovative solutions that work with bank data and provide consumers with new digital services. The platform is currently available to FinTech companies in a “sandbox” mode, which provides test data to registered FinTechs. In the near future, the bank plans on opening up an even more powerful platform that will allow for greater functionality and the creation of new features, applications and services for consumers.

It should be noted that PrivatBank’s open API platform meets the safety requirements set by the European Bank Authority and requires two-factor authentication as well as a security guarantee for all channels through which user data is transmitted.