New opportunities for Pivdennyi Bank’s clients are emerging with the launch of the Open Banking platform into commercial operation. The platform was developed in cooperation with the Ukrainian Processing Center (UPC), a leading technology provider in payment solutions. This innovation was implemented as part of the strategic partnership between Pivdennyi Bank and UPC and represents an important step in the development of Ukraine’s open banking ecosystem.

The technological solution is implemented using the Open Banking-as-a-Service model, which means it does not require complex deployment on the bank’s side. This approach significantly accelerates the introduction of innovative services, minimizes capital expenditures, and allows the bank to focus on developing client-oriented products. The solution ensures regulatory compliance, scalability, and a high level of availability and security.

The use of the platform unlocks new opportunities for Pivdennyi Bank and its clients, including:
•    integration with the ecosystem of fintech providers;
•    launch of Payment Initiation Services (PISP) and Account Information Services (AISP);
•    development of partner products based on open APIs;
•    improving the quality of customer experience.

"The launch of the Open Banking platform at Pivdennyi Bank is not just a technical integration — it is a demonstration of the Ukrainian banking sector’s readiness for a new model of financial interaction. The Open Banking-as-a-Service approach allows banks to quickly roll out such services and promptly adapt them to regulatory changes. The new platform at Pivdennyi Bank is yet another confirmation of UPC’s deep expertise in implementing Open Banking solutions," said Andrey Berezyuk, Business Development Director at UPC.