Open Banking in Poland

What is the current status of Open Banking in Poland?

Poland is Eastern Europe’s largest retail banking market, with a well-established online/mobile banking infrastructure. While the country has a lot going in its favour, it’s still not fulfilling its Open Banking potential. 

Although the implementation of the PSD2 directive was launched in 2019 in Poland, Open Banking solutions are still not a market standard. According to the ING Financial Barometer report from 2019, only 36% of Poles realised that banks may, following their request, disclose data from their accounts to third parties.

Interesting stats about OB potential in Poland

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

Polish banks have developed a competitive digital banking strategy, and established a cardless digital payment platform fit for the digital economy. What has slowed down implementation is that there is still room for different understandings, interpretations and applications of the Polish API standard

Once that process becomes more standardised, the country will be able to take the next steps in its OB journey.