On November 27, CS hosted a webinar together with its international partner, Salt Edge, during which the speakers examined in detail the practical aspects of implementing Open Banking. The event brought together representatives of Ukrainian financial institutions seeking to understand how to effectively meet the new regulatory requirements introduced by the National Bank of Ukraine (NBU).
Regulatory Requirements and Implementation Timeline
The National Bank of Ukraine mandates financial institutions to fully comply with Open Banking standards by early 2026. Banks must provide authorised third-party providers (TPPs) with secure API access to customers’ account data for both Account Information Services (AIS) and Payment Initiation Services (PIS). They must also implement Strong Customer Authentication (SCA), maintain secure interaction with licensed TPPs and ensure all data sharing complies with regulatory standards for user consent.
While the regulator allows a transitional period until mid-2026 with no penalties applied, banks must still act promptly to upgrade their systems and ensure operational readiness.
Webinar Participants
The webinar was delivered by Andrei Scutari (Head of Sales – Open Banking Compliance) and Dan Martalog (Senior Open Banking Solution Expert), who examined the challenges banks face when implementing open banking.
On the CS side, the webinar moderator, Vladimir Olefir (Head of Key Client Support Department), presented the company’s vision for open banking implementation and shared project implementation experience.
CS and Salt Edge have already completed a successful joint implementation at a Moldovan bank. Salt Edge provided its full-stack Open Banking Compliance solution, while CS delivered the Open Banking Worker to enable the integration between CBS B2 and Salt Edge’s platform.
CS, backed by Salt Edge’s vast experience of over ten years in successfully deploying Open Banking solutions across Europe, can help Ukrainian banks achieve compliance faster and more efficiently.
Key Aspects of Open Banking Implementation
Developing a comprehensive Open Banking Compliance solution requires more than technical interfaces. Banks must manage TPP certificate verification, consent management, regulatory reporting, support for multiple third-party providers, and ongoing updates to meet regulatory changes, all while maintaining core operations.
Salt Edge’s end-to-end solution addresses all these requirements. Banks receive a dedicated dashboard for API monitoring, TPP and consent management, regulatory reporting tools, and Strong Customer Authentication (SCA). Third parties benefit from a dedicated developer portal with technical documentation, a testing environment (sandbox), and managed technical support.
Technical integration with CBS B2 is performed through the CS Open Banking Worker and a connector, which serves as a translation layer between the worker and Salt Edge’s Open Banking Compliance platform. The banks may choose to develop the connector independently, with the support of an implementation partner, or delegate this task entirely to CS and Salt Edge.
Business Opportunities of Open Banking
Open Banking creates not only regulatory obligations but also new opportunities for monetisation.
In e-commerce today, online stores pay approximately 2% commission for accepting card payments. When using Open Banking payments (money moving directly from account to account, bypassing card systems), commissions can decrease by 3-5 times, money arrives instantly, and the customer gets a better price. For large online retailers, this means millions in savings annually.
The speakers also discussed opportunities beyond compliance, noting that banks can offer premium APIs to support additional use cases on top of the mandatory Open Banking APIs. For example, corporate clients with accounts at multiple banks can leverage these to access value-added features, while banks can monetise the premium APIs to create additional revenue streams.
Implementation process and timeline
Thanks to the partnership between CS and Salt Edge and prior integration experience, the implementation timeline is significantly shorter than that of an in-house solution.
The implementation process includes gathering technical requirements, setting up a test environment, connector development, testing, and deployment to the production environment. After launch, ongoing support and adaptation to regulatory changes are provided.
For questions about Open Banking implementation or to receive detailed consultation regarding NBU compliance, contact the CS team. We are ready to present a personalised solution, discuss the technical details of the CBS B2 integration, and develop an individual implementation plan.
About Salt Edge
Salt Edge is a financial API platform with PSD2 and open banking solutions for every business. The company has two main vectors of activity: enabling third parties to get access to bank channels via a unified gateway and developing the technology necessary for banks to become compliant with the directive’s requirements. ISO 27001 certified and AISP licensed under PSD2, the company employs the highest international security measures to ensure stable and reliable connections between financial institutions and their customers. The company is integrated with 5,000+ financial institutions in 50+ countries. Salt Edge has been named a Strong Performer in The Forrester Wave™: Open Banking Intermediaries, 2023 Report.
For more information, please visit www.saltedge.com
