UZCARD accelerates Open Banking development in Uzbekistan, fueling Fintech innovation
Open Banking enables individuals to freely access and share their financial data across various financial institutions through open Application Programming Interfaces (APIs). This facilitates third-party financial service providers in crafting customized services that consolidate information from diverse institutions into one accessible platform. Supported by comprehensive nationwide infrastructure and adherence to strict personal data protection regulations, Uzbekistan’s Open Banking model ensures a secure and versatile experience for all users. By leveraging advanced centralized processing systems, Uzbekistan has established itself as a frontrunner in developing a robust, scalable, and competitive Open Banking framework within Central Asia....