New CBI System to Oversee Open up Banking, Regulated Foreign exchange Functions – Financial Tribune
The Central Bank of Iran has created a new platform, Diba, to supervise open up banking operations, states Aboutaleb Najafi, CEO of Informatics Expert services Company, noting that regulated fx sector is also prepared to operate on this platform.
“Diba is a regulatory platform like Shaparak, which was created to regulate the operation of payment provider provider firms. Financial institutions have commenced to present open up banking providers, permitting developers to generate applications and present revolutionary economic providers,” he was quoted as expressing by IBENA.
Financial institutions will be essential to get their open up banking platforms connected to Diba, so that the CBI can supervise account-based transactions (as opposed to card-based transactions), he reported.
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