Ak Bars Bank and Coinkeeper issued the virtual card on the basis of technology of open API

2020: Release of the virtual payment card

On February 17, 2020 AK BARS Bank reported that they together with Coinkeeper issued the virtual card on the basis of technology of open API.

The concept of open banking assumes integration of products of different suppliers. Third-party services can get access to IT infrastructure the Ak Bars of Bank using our program interfaces. It allows to interact with the system of bank, it is safe to exchange data and to create convenient customer services. In a case with CoinKeeper bank is responsible for release and service of prepaid virtual cards, noted the chief innovation officer the Ak Bars of Bank Damir Galiyev

The virtual card allows to load automatically data on income and expenses in mobile application of CoinKeeper. Users can independently define categories of the expense accounting and receive on them "smart" push-notifications with forecasts of expenditure. Detailed statistics shows where money where the user spends more leave, than planned what expenses can be cut down. The card is made out free of charge in CoinKeeper application. It is possible to get acquainted with detailed conditions of the card here.

Thanks to technologies of open banking in partnership about the Ak Bars by bank we could create a card product in the proprietary application. Coinkeeper gives to users what is not enough for applications of banks, - an opportunity to see all the finance in one place, independently Define categories of expenditure, plan the budget, add to transactions of a tag and comments, to watch detailed analytics and forecasts. The combination of these opportunities and own payment card does us by full-fledged neobank. It gives us huge competitive advantage both before other pfm - services, and before banks,

Implementation of open API in the market is coordinated by Association of Financial That and the Bank of Russia. Members of AFT and key participants of the Russian financial market developed "The concept of open API". In it development approaches and to implementation of open API in Russia — key types, standardization stages, target audience, requirements of information security, issues of accreditation of participants of the environment of open API are described.