UPC (Ukrainian Processing Center), a recognized leader in the Ukrainian financial market, officially announces the launch of Ukraine's first Open Banking platform, which opens new opportunities for users and partners. This innovative service, which integrates banks and payment service providers into a single technological platform, is designed to revolutionize financial services in Ukraine.

What is Open Banking and Why is it Important?
Open Banking is a new global trend that allows banks to provide third parties with access to their clients' data, based on their consent. Using Open API technology, customers can manage their accounts and receive a variety of financial services through a single application.

Value for Users and Partners
UPC's Open Banking platform aims to create a unified technological environment where banks and payment services can integrate their solutions and provide the best service to customers. Clients gain access to a wide range of financial services with maximum convenience.

The launch of the first Open Banking platform in Ukraine is an important milestone in the development of the country's financial system. It is not just a technological innovation, but a key step in transforming the entire industry. Thanks to this platform, Ukrainian banks will be able to offer clients more personalized and convenient financial products that meet their individual needs. Customers will have the ability to control their finances through a single interface, significantly simplifying account management and financial transactions.

Moreover, Open Banking paves the way for the development of new financial services and applications that can integrate with banking systems and offer new solutions in the market. It also creates favorable conditions for the emergence of new players in the financial market, promoting increased competition and improving service quality.

Тools and Benefits for Developers
All interested parties will have access to a dedicated developer portal, where they will find detailed documentation and testing capabilities. This portal, developed by UPC, will be a key tool for integrating and testing solutions on the Open Banking platform. 

Using the portal will allow members of the Open API Group to conduct both internal and integration testing.

Standardization of Open Banking Services
One of the key advantages of launching the Open Banking platform is the standardization of services. UPC is actively collaborating with the National Bank of Ukraine and the banking community to create a unified API, which will significantly enhance the efficiency of financial institutions and the quality of customer service.

For UPC, the launch of Open Banking reaffirms its leadership in innovation and its commitment to implementing modern technologies in the Ukrainian financial sector. The Open Banking platform opens new horizons for both banks and fintech companies, stimulating the development of financial technologies and raising the level of financial innovation.