VTB and Alfa-Bank to expand open banking pilot to 1.5 million customers

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AK&M 15 November 2025 11:08

VTB and Alfa-Bank customers can manage their accounts simultaneously in the applications of the two banks. The focus group is currently being expanded to include up to 1.5 million customers. The banks signed the corresponding agreement at Finopolis 2025. This is stated in the VTB message.

The technology of Open APIs (open software interfaces) allows, with the consent of the client, to combine the products and services of various financial providers in a single interface.

The implementation of this system takes place in several stages: first, the largest banks are connected, then insurance companies and brokers will join them, and then the rest of the financial organizations.

VTB Group is a Russian financial group comprising more than 20 credit and financial companies operating in all major segments of the financial market. The Group has subsidiaries and associated banks in Armenia, Belarus, Kazakhstan, Azerbaijan, Vietnam, a branch in India, and a branch and representative office in China.

VTB Group's net profit under IFRS for the first half of 2025 amounted to 280.4 billion rubles.

On November 20, 2024, the AK&M rating agency awarded VTB Bank's sustainability reporting the highest rating.

On July 31, 2025, the AK&M rating agency confirmed the highest rating of VTB Bank's non-financial statements.

Alfa-Bank JSC (TIN 7728168971) was founded in 1990 and is a universal bank that performs most of the main types of banking operations on the financial services market.