The implementation of the standard creates a level playing field for all market participants and facilitates access for new players, including local startups.
Financial data can be accessed only with the explicit consent of the user. Users will be able to view balance, transaction history and initiate payments directly from third-party applications (fintech platforms).
The NBM has introduced a single technical framework aligned with EU practices (PSD2), which simplifies the interaction between banks and digital platforms. NBM Governor Anca Dragu emphasized that this step is an important stage in the digital transformation of the country’s financial sector, increasing transparency and the emergence of faster services adapted to the needs of the population.
