The country’s first Open Banking service provider operating on a SaaS cloud model has recently been launched in Ukraine.
Ukrainian Processing Centre (UPC), a member company of Diia.City United has officially secured the status of an Open Banking technological operator, having successfully satisfied all compliance requirements set by the National Bank of Ukraine (NBU).
Empowering the Financial Sector
With this certification, the UPC team is now fully operational and ready to deliver a comprehensive suite of services to Ukrainian banks. Their capabilities cover the entire value chain, including:
- Seamless service integration
- Secure data exchange
- Payment initiation from client accounts and cards
Crucially, all operations are designed to meet strict regulatory requirements and align with European standards.
OneLinkUA: A Strategic Digital Hub
Beyond immediate service delivery, UPC is pursuing an ambitious strategic goal: establishing a central Open Banking router to drive technological adoption across the region.
The OneLinkUA platform is designed to serve as a single entry point for banks, fintech companies, and other market participants. This digital hub aims to:
- Simplify connectivity to the financial ecosystem.
- Reduce integration costs for partners.
- Accelerate time-to-market for new digital products.
A Foundation for Innovation
Anton Romanchuk, CEO of the UPC, emphasised the broader vision behind the launch:
We see Open Banking not as a formal regulatory requirement but as a foundation for developing fundamentally new financial services in Ukraine. Our goal is to build infrastructure that is convenient for banks and clear for businesses and clients.
This launch marks a pivotal step toward cultivating a competitive fintech market in Ukraine. Furthermore, it lays the essential groundwork for integrating Ukraine’s financial system into the broader European Open Banking ecosystem in accordance with PSD2 standards.
