Open Banking Exchange (OBE) Launches in Ukraine to Support Open Banking Acceleration

Open Banking Exchange has announced the launch of Open Banking Exchange Ukraine to support the development of open banking and open finance in the country.

Open Banking Exchange (OBE), a not-for-profit organisation, was established to leverage the past achievement and expertise of Open Banking Europe, enabling open banking and open finance communities around the world to find practical solutions to issues relating to open ecosystems.

The OBE team, supported locally by Sigma Software Group, a Swedish-Ukrainian IT consulting company, has an established relationship with the Ukrainian Interbank Payment Systems Member Association (EMA) and is a member of the Open API Group. The team is also working closely with the Ukrainian Association of Fintech and Innovation Companies (UAFIC), and the National Bank of Ukraine, as part of the first phase of rolling out an open banking ecosystem.

The first OBE Ukraine hosted event will be a public webinar on 9 December 2021. This will be followed by a series of educational events and publications throughout 2022 to help the industry collaborate and establish an interoperable open finance framework and ecosystem.

John Broxis, Managing Director of Open Banking Exchange, commented: “OBE is active in Europe, Asia and Latin America, either running Membership Programmes or providing consultancy to central banks and regulators. We have relationships with key industry groups in Ukraine and, by working with Sigma Software, who have local knowledge and expertise, are well-placed to support the adoption of open banking in the country.”

Hanna Khrystianovych, Director of OBE Ukraine, Fintech & Finance Programme Manager at Sigma Software, commented: “Ukraine is a country with a rich ecosystem of banks, fintechs and technology. John and the OBE team have unparalleled global open banking expertise bringing different stakeholders together to collaborate and jointly shape the industry. We are sure that Sigma Software’s 20 years’ experience in the market, and deep industry knowledge, will result in a highly tailored and relevant Programme being delivered.” 

About Open Banking Exchange

Open Banking Exchange (OBE), part of the Konsentus group, is a worldwide community to share, learn and collaborate.

OBE supports the regulatory aims of facilitating innovation, competition and consumer choice through open banking, open finance, and open data. Through global relationships with strategic partners, we connect financial institutions bringing together market players to collaborate on the advancement of open banking and open finance.

We help regulators, self-regulated organisations (SROs) and national communities implement effective and interoperable open solutions based on jurisdiction neutral technology frameworks.

Contact: membership@openbanking.exchange

About Sigma Software Group

Sigma Software provides top-quality software development services to customers in many sectors, including government, telecommunications, media & advertising, aerospace, automotive, gaming industry, banking and financial services, real estate, tourism, and entertainment. The company’s R&D centers on trending technologies: AR/VR, ML, Data Science, AI, and others. Our offices are located in Sweden, Ukraine, USA, Poland, Canada, and Australia

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