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Development of Open Banking
A voluntary banking association aimed at advancing the sector.
Contacts: FinTech Association
In 2021, the FinTech Association (AFT) and Russia's largest financial institutions announced the creation of a blockchain operator. VTB, Gazprombank, PSB, National Payment Card System, Moscow Exchange, and AFT will form a limited liability company called "Distributed Ledger Systems."
Cases and effects:
Organization: FinTech Association, established in late 2016 by the Bank of Russia and key financial market players. It serves as a platform for constructive dialogue between regulators and businesses.
