Guide to Open Banking Services is Published

    The Central Bank of the Republic of Türkiye (TCMB) has published the “Guide to Data Sharing Services in Payment Services” (Guide) on “open banking” services on 30 December 2022.

    Open banking (open bank data) aims to provide better and faster services to customers. In this context, it ensures that the data in the financial system is made available to third-party service providers with the explicit consent of the customer. Open banking services allows customers to access all data in their financial accounts from a single screen and initiate their transactions. Moreover, open banking services in Turkey are regulated and supervised by the TCMB.<

    To read this article and discover more pleaseregister for free
    This website is available “as is.” Turkish Law Blog is not responsible for any actions (or lack thereof) taken as a result of relying on or in any way using information contained in this website, and in no event shall they be liable for any loss or damages.