Central Bank of Hungary

Hungary Open Banking Regulator

EU
🏛️
Jurisdiction
Hungary
📋
Regulations
0
Open Banking frameworks
🌍
Region
EU
🔗
Type
NCA
National Competent Authority

About Central Bank of Hungary

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

SCA Update: On 10 September 2019, the Hungarian regulator announced a 12-month implementation period for SCA requirements on online card payments. As a result, we don’t expect banks to fully require SCA for online payments from Hungarian cards until September 2020.

Jurisdiction

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

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

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