The National Bank of Moldova (NBM) discussed with the Moldovan Banks Association and the European Business Association the necessary rules for the transition to "open banking".
It is reported that the NBM, the Moldovan Banks Association and the European Business Association discussed the necessary rules in the process of implementation of the "open banking" concept. Stipulated by the European Payment Services Directive 2 (PSD2), it provides for the opening of payment services providers to third parties, for the provision of new payment services and the need to develop and use national communication standards (application programming interfaces). During a joint meeting organized by the National Bank, the NBM Governor Octavian Armasu said that the transposition into local law of the European PSD2 directive aims to stimulate innovation in the payment services market, which is associated with a number of changes and challenges. "Thus, strict customer authentication is necessary, and for this purpose open, uniform and secure communication standards must be created in accordance with the new rules of access to customer accounts opened by payment service providers that offer account management services", said the NBM Governor. // 04.05.2023 - InfoMarket.
