RNDSOFT will launch a pilot at the FinTech Association site to use the open API environment

2023: Open API Environment Project Launch

RNDSOFT and the Fintech Association (AFL) have signed an information technology partnership agreement. As part of the pilot project, the company will work out interaction with financial organizations using the Open API environment . The AFL announced this on April 27, 2023.

Under the terms of the contract, RNDSOFT will pilot the initiative at the Association's site. AFL experts will advise project participants on the development and implementation of Open API-based solutions in accordance with Bank of Russia standards. In addition, the company will receive support in creating a client path and frontal solutions, as well as assistance in testing in the technology sandbox of the FinTech Association and in the certification process.

One of the priorities of the FinTech Association is to create conditions for the development and modernization of digital financial products, services and improving the client path. And Open APIs are a kind of engine for the development of digital products. At the AFL site, market participants can pilot initiatives, test solutions, and build effective communication with the regulator. Connecting new participants to the Open API environment is an important event, as this means that there will be more new innovative products and services on the market, "said Maxim Grigoriev, General Director of the FinTech Association.

I am convinced that Open APIs and digital profile projects of a citizen and entrepreneur will take the financial market to a qualitatively new level and create a special niche for startups that will combine various financial instruments within the framework of convenient applications and services. Our experience with banks, MFIs and investment companies will help us to effectively develop standards and projects when working in the AFL, taking into account industry specifics and prospects, - said Roman Zabrodin, founder and manager of RNDSOFT.