🌍
Jurisdiction
Azerbaijan
📅
Effective Date
2021
Oct 1, 2021
✅
Full Compliance
TBD
🏛️
Regulator
Central Bank of the Republic of Azerbaijan
Overview
The Central Bank of Azerbaijan published an Open Banking Roadmap in October 2021 covering 2021–2025, aligned with the Law on Payment Systems and Payment Services. The CBA developed a technical platform and regulatory acts. Over 13 commercial banks have completed integration; Bank ABB and Turan Bank offer Open Banking via mobile apps enabling account aggregation and transaction viewing across banks. Expansion to payment institutions and e-money institutions planned.
Scope & Coverage
AISPIS
Key Requirements
1
CBA Open Banking platform connectivity2
AISP and PISP standards compliance3
Consumer consent for data sharing4
Phased bank and fintech integrationImplementation Timeline
Oct 1, 2021
Open Banking Roadmap presented (2021–2025)
Jan 1, 2022
Legal framework formation began
Oct 1, 2025
13 banks fully integrated; 6 in final stage
Official Documents & Resources
Key Notes
13+ banks integrated. Bank ABB and Turan Bank offer customer-facing Open Banking apps. IFC cooperation on roadmap development.
Official Resources
Related Regulations
Other open banking frameworks in Europe:
'/%3e%3cuse xlink:href='%23a' transform='scale(-1 1)'/%3e%3c/g%3e%3cg id='c'%3e%3cuse xlink:href='%23b' transform='rotate(72)'/%3e%3cuse xlink:href='%23b' transform='rotate(144)'/%3e%3c/g%3e%3cuse xlink:href='%23c' transform='scale(-1 1)'/%3e%3c/g%3e%3c/defs%3e%3cpath fill='%23039' d='M0 0h810v540H0z'/%3e%3cg fill='%23fc0' transform='matrix(30 0 0 30 405 270)'%3e%3cuse xlink:href='%23d' y='-6'/%3e%3cuse xlink:href='%23d' y='6'/%3e%3cg id='e'%3e%3cuse xlink:href='%23d' x='-6'/%3e%3cuse xlink:href='%23d' transform='rotate(-144 -2.344 -2.11)'/%3e%3cuse xlink:href='%23d' transform='rotate(144 -2.11 -2.344)'/%3e%3cuse xlink:href='%23d' transform='rotate(72 -4.663 -2.076)'/%3e%3cuse xlink:href='%23d' transform='rotate(72 -5.076 .534)'/%3e%3c/g%3e%3cuse xlink:href='%23e' transform='scale(-1 1)'/%3e%3c/g%3e%3c/svg%3e){kind=small}
'%3e%3cpath fill='%23012169' d='M0 0v30h60V0z'/%3e%3cpath stroke='%23fff' stroke-width='6' d='m0 0 60 30m0-30L0 30'/%3e%3cpath stroke='%23C8102E' stroke-width='4' d='m0 0 60 30m0-30L0 30' clip-path='url(%23b)'/%3e%3cpath stroke='%23fff' stroke-width='10' d='M30 0v30M0 15h60'/%3e%3cpath stroke='%23C8102E' stroke-width='6' d='M30 0v30M0 15h60'/%3e%3c/g%3e%3c/svg%3e){kind=small}
Need to comply with Azerbaijan Open Banking?
Explore API aggregators that support Azerbaijan compliance.