of March 29, 2024 No. 2024-P-14/14-1-(PS)
About approval of the Concept of development of open banking in the Kyrgyz Republic
For the purpose of increase in innovative potential in banking sector, determinations of approach and steps of implementation of open banking in the Kyrgyz Republic, and also providing the protected and safe information access and exchange of information by provision of banking activities and rendering payment services, being guided by articles 5 and 64 of the constitutional Law of the Kyrgyz Republic "About National Bank of the Kyrgyz Republic", the Board of National Bank of the Kyrgyz Republic decides:
1. Approve the Concept of development of open banking in the Kyrgyz Republic it (is applied).
2. This resolution becomes effective from the date of official publication.
3. To management of payment systems within 3 (three) working days:
- publish this resolution and the Concept of development of open banking in the Kyrgyz Republic on the official website of National Bank of the Kyrgyz Republic;
- bring this resolution to the attention of operators of payment systems, payment institutes, commercial banks of the Kyrgyz Republic, OYuL "Union of Banks of Kyrgyzstan" and OYuL "Association of Operators of Payment Systems of the Kyrgyz Republic".
4. To department "Secretariat of Board" within 3 (three) working days to bring this resolution to the attention of structural divisions, regional managements and Representative office of National Bank of the Kyrgyz Republic in Batken Province.
5. To impose control of execution of this resolution on the board member of the National Bank of the Kyrgyz Republic supervising management of payment systems.
Chairman of National Bank of the Kyrgyz Republic
K. Bokontayev
Approved by the Resolution of Board of National Bank of the Kyrgyz Republic of March 29, 2024 No. 2024-P-14/14-1-(PS)
The list of the reducings and terms used in this Concept
|
Application programming interface |
Set of procedures, protocols and tools for creation of software applications. API determines how program components shall interact | |
|
Transfer of representative condition |
Architectural style of interaction of components of the distributed appendix in network | |
|
Open API (Open API) |
The program interfaces giving opportunity of digital data exchange on the basis of the unified standard API | |
|
Open banking (Open Banking) |
Complex of approaches of use open API banks for provision of customer information (from their consent) to the third parties | |
|
EEU |
Eurasian Economic Union | |
|
National Bank |
National Bank of the Kyrgyz Republic | |
|
EU |
European Union | |
|
Second Payment Services Directive (PSD2) |
Second payment Directive of the EU | |
|
General Data Protection Regulation (GDPR) |
General regulations on data protection | |
|
KB |
Commercial banks of the Kyrgyz Republic | |
|
OPS/PO |
Operators of payment systems / payment institutes of the Kyrgyz Republic | |
|
ONRPS |
The main directions of development of payment system of the Kyrgyz Republic for 2023-2027 approved by the resolution of Board of National Bank of March 29, 2023 No. 2023-P-14/20-4-(PS) |
Introduction
According to ONRPS the National Bank studies possible approaches of development of open program interfaces in banking sector for the purpose of the subsequent implementation (programming) of the corresponding single standards in the Kyrgyz Republic.
This Concept considers the main approaches and strategy to implementation of the concept of open banking in the Kyrgyz Republic, and also describes topical issues of carrying out the corresponding reforms in this direction in the Kyrgyz Republic.
The Concept purpose - to determine approaches and steps of implementation of open banking in the Kyrgyz Republic. The actions plan in which key stages of realization of open banking are determined is also provided in the Concept.
Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info
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