Open Banking

What is Open Banking?

Open Banking is an innovative initiative by the Bank of Albania that enables the secure sharing of customers' financial data between banks or other financial institutions and Financial Service Providers through API technology, which allows applications to communicate with each other. This brings increased transparency, efficiency, and new opportunities for managing personal or business finances.

Open Banking can be used by individual and business clients who wish to better manage their finances.

Benefits for customers:

• Ability to manage bank accounts through a single application.
• Personalized and technologically advanced services.
• Access to trusted FinTech partners.
• Maximum data security, in compliance with European Union standards.

How can it be accessed?

To access Open Banking, simply download the applications of licensed Financial Service Providers, which are authorized to access bank data.

The role of ProCredit Bank in this service:

• Provides the technological infrastructure for data sharing through APIs.
• Ensures security, privacy, and compliance with the European Payment Services Directive.
• Enables Financial Service Providers to access account information and initiate payments with the customer’s consent.

*ProCredit Bank enables Financial Service Providers to access customer account information and initiate payments, based on the customer’s consent, in accordance with the European Payment Services Directive.
Financial Service Providers can connect to the dedicated API, which offers a secure and efficient interface.

Technical Information

For testing and development purposes, a SANDBOX environment is available.
Please click here to access the SANDBOX and proceed with the process.