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Y. I., K., D.S., M., V.E., S., A.A., S., & D.S., M. (2018). Risks and Threats of Using Open Banking in Russia and in the World. KnE Social Sciences, 3(2), 415-426. https://doi.org/10.18502/kss.v3i2.1572

https://doi.org/10.18502/kss.v3i2.1572

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authors

  • Kolobova Y. I.

    Kolobova Y. I.

    Sevastopol financial University, student of the Magistracy of the Department of Finance and credit, Sevastopol
  • Mokhnitskaya D.S.

    Mokhnitskaya D.S.

    Sevastopol financial University, student of the Magistracy of the Department of Finance and credit, Sevastopol
  • Sidorova V.E.

    Sidorova V.E.

    Sevastopol financial University, student of the Magistracy of the Department of Finance and credit, Sevastopol
  • Skorokhod A.A.

    Skorokhod A.A.

    Sevastopol financial University, student of the Magistracy of the Department of Finance and credit, Sevastopol
  • Mokhnitskaya D.S.

    Mokhnitskaya D.S.

    Corresponding Author

Published Date

  • Feb 15, 2018

Risks and Threats of Using Open Banking in Russia and in the World

KnE Social Sciences / III Network AML/CFT Institute International Scientific and Research Conference "FinTech and RegTech" / Pages 415-426

Abstract

A study was conducted on the development of banking in the Russian Federation and in the countries of the world. It was determined that open banking in all countries of the world is at the stage of development. Based on literature, a comprehensive analysis of open banking functioning was conducted. Among the main problems the security risk, isolation and increased competition between banks were identified.

Keywords: open banking, PSD2 standards, aggregation site, the latest financial technologies.

References
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[2] Open Banking Defenition [Electronic resource]. URL: http://www.investopedia.com/terms/o/open-banking.asp


[3] Open banking catch the wave [Electronic resource]. URL: https://www.roomian.org/articles/otkrytyi-banking-poimal-volnu-2017


[4] Open Banking: Opportunities and Risks [Electronic resource]. URL: http://bankir. ru/publikacii/20170227/open-banking-vozmozhnosti-i-riski-10008625/


[5] Sberbank, Alfa-Bank, QIWI and other companies launch an association for the development of finteha in Russia [Electronic resource]. URL: https://rb.ru/news/fintech-russia/


[6] Number of Internet audience [Electronic resource]. URL: http://www.bizhit.ru/index/users_count/0-151


[7] e-Finance User Index 2016 [Electronic resource]. URL: http://markswebb.ru/efinance/e-finance-user-index 2016


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[9] Russia in figures. Internet banking [Electronic resource]. URL: http://www. vestifinance.ru/videos/9600