Open Banking in Czechia

What is the current status of Open Banking in the Czech Republic?

The Czech Standard for Open Banking (COBS) is currently defined by the Czech Banking Association. The country is slowly yet steadily building its Open Banking infrastructure, trying to climb up the ranks of its European counterparts. 

Interesting stats about OB potential in the Czech Republic

What will the future of Open Banking look like in the Czech Republic?

The future of OB in the Czech Republic is showing great potential with the country already trying to put together country-wide standards and legislations. What remains to be seen is action from the country’s biggest banking institutions, aiding the adoption of the new technology.