AUB News

On August 7, 2025, an online round table was held on the topic “Open Banking: A Revolution of Opportunities or a Pandora's Box for Security?” The event was organized by the Association of Ukrainian Banks in partnership with SB-Club and the consulting company ProMoney.

More than 50 representatives of the financial sector joined the discussion, including security service managers, IT directors, compliance officers, auditors, and representatives of regulatory authorities.

Participants discussed the current risks of digital transformation in the context of open banking development, as well as the challenges associated with the use of open APIs. Particular attention was paid to compliance with the regulatory requirements of the National Bank of Ukraine, in particular the provisions of Resolutions No. 80, No. 81, and No. 82, which relate to cybersecurity, IT architecture, and the protection of customers' personal data.

A separate part of the discussion focused on scenarios of possible cyberattacks and fraudulent activities that may arise in an open banking ecosystem. In this context, the need for close cooperation between security, IT, and compliance departments for the effective implementation of open banking solutions was emphasized.

Based on the results of the event, a list of practical recommendations was formed for banks on building a risk management system and ensuring an adequate level of information security within the framework of open banking projects.

The Association of Ukrainian Banks expresses its sincere gratitude to all partners and participants of the round table for their active participation and professional discussion. Joint work in this area is an important condition for strengthening the cyber resilience of the banking sector in Ukraine.