Open Banking in Malta

What is the current status of Open Banking in Malta?

What many people don’t know is that Malta has been at the forefront of some major technological and financial advancements. For instance, Malta was the first country in the world with clearly established regulatory frameworks for DLTs, ICOs and virtual currencies. Known as the world's first blockchain island, this is a country that understands the value of new technologies. 

Set up in 2018, the Malta Digital Innovation Authority (MDIA) is both a promoter and a regulator of is also a promoter of innovative technologies.

Interesting stats about OB potential in Malta

What will the future of Open Banking look like in Malta?

Both stats and facts show a very fruitful and promising future for OB in Malta. The country is dialled into new technologies and has become the breeding ground for a lot of innovative ideas and regulation that has impacted other countries. One of the main components ensuring success is the government’s willingness to create the right regulatory environment for technologies to thrive.  


Banks

Here is a list of major banks providing Open Banking in Malta