NBG

National Bank of Georgia

Europe
🏛️
Jurisdiction
Georgia
📋
Regulations
1
Open Banking frameworks
🌍
Region
Europe
🔗
Type
NCA
National Competent Authority

About NBG

The National Bank of Georgia (NBG) is the primary financial regulatory authority in Georgia responsible for overseeing open banking and financial services. As a National Competent Authority (NCA), NBG ensures that banks and third-party providers comply with open banking regulations, protecting consumers while fostering innovation in financial services.

SCA Update: The NBG ensures price stability and supervises the financial sector. Georgia's open banking framework was developed with the Bankers' Association and is implemented under NBG oversight.

Jurisdiction

Georgia
View Open Banking providers, banks, and TPPs in Georgia

Regulations Overseen

NBG is responsible for enforcing and monitoring compliance with the following open banking and financial regulations:

Key Responsibilities

Licensing and authorizing Third-Party Providers (TPPs) including AISPs and PISPs
Ensuring banks provide secure API access to authorized third parties
Monitoring compliance with Strong Customer Authentication (SCA) requirements
Investigating complaints and enforcing consumer protection standards
Publishing guidance and technical standards for open banking implementation
Coordinating with other regulators on cross-border open banking matters

Official Resources

Related Regulators

Other open banking regulators in Europe:

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