Paris - Today, Open Banking Exchange 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.”