Implementation of open API technology in the Russian banking sector
Veronika Yargutova · Sibirskaya finansovaya shkola · 2025
The relevance of the research topic is due to the fact that Open APIs have been successfully distributed in the financial sector of Russia, from 2026 their mandatory use by the largest banks is planned, and from 2027 – by other financial organizations. The purpose of the study is to analyze the formation and development of Open APIs in the Russian banking sector based on scientific papers, the results of a survey of respondents, and the experience of foreign countries and to determine the prospects for their further development. The result of the study are systemic proposals for the implementation of a phased implementation of Open APIs in the banking sector; the establishment of uniform software requirements; the adoption of a separate standard dedicated to a unified technology for ensuring information security of Open APIs; to amend the Roadmap "Basic principles and stages of the introduction of Open APIs in the financial market" with mandatory indication of persons responsible for execution of events, deadlines for the implementation of events (with monthly clarification), etc.