OTP BANK receives UA Open Banking Stars Awards 2025 for leadership in open banking implementation
OTP BANK JSC has been recognized with the UA Open Banking Stars Awards 2025 for its significant contribution to the development of open banking. The first-ever Ukrainian awards ceremony honoring the pioneers of this innovative banking model took place during the Open Finance & Payments Summit 2025, organized by the EMA Association.
“Open banking is not a competition among participants but a space where those who create value win. Its implementation has allowed customers to choose convenient services regardless of their bank, while fintech companies can now compete not by size but by the quality of their solutions. From now on, financial institutions can earn revenue from commercial APIs, as this format of cooperation becomes a new product. The implementation of Open Banking is a step toward the European integration of the financial system,” said Ivan Alimenko, Head of Projects and Programs at OTP BANK, presenting the Bank’s practical vendor solution case study during the conference.
In his speech, he discussed the challenges faced by the team during the project’s implementation, outlined its advantages, launch timelines, and key results. In particular, in early August 2025, OTP BANK deployed a dynamic sandbox that enables testing of the full process, including the authorization of all services. The Digital Division implemented open banking services for individual customers. As part of the project, the team succeeded in establishing effective internal collaboration and building processes for different customer segments. The Bank is now preparing to launch open banking services for corporate clients.
“The achieved results demonstrate the success of the implemented solutions and the effective teamwork of all involved departments,” emphasized Ivan Alimenko.
The UA Open Banking Stars Awards 2025 ceremony became a landmark event for the financial and technology sectors. The recognition highlighted the important contribution of companies and teams that think strategically and were among the first to implement open banking in Ukraine.
It should be recalled that on August 1, 2025, open banking was officially launched in Ukraine – a model that ensures the secure exchange of financial data between banks and fintech companies with the customer’s consent. It creates new opportunities for partnership, technological development, and monetization, while also contributing to meeting the requirements on Ukraine’s path to joining SEPA and the European Union.
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Public Joint Stock Company OTP Bank is a subsidiary of OTP Bank, which is the largest independent Central-Eastern-European banking group. JSC OTP Bank is one of the largest domestic banks, a recognized leader in the financial sector of Ukraine. The Bank provides a full range of financial services to corporate and private customers, as well as to small and medium enterprises. The bank entered the Ukrainian market in 1998, and since then it enjoys a staunch reputation of socially responsible, reliable and stable institution providing its consumers with services of European quality standard.
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