We believe in the principles of open banking

We have opened up our web interface (API) and allowed retail as well as corporate clients to use third-party mobile and web applications for managing their bank accounts or initiating payment transactions.

What are third parties and how do they work?

Third parties are providers of web and mobile applications.

Third-party applications can be linked with a bank account or, more precisely, to a client’s digital banking, if the client is interested in using a specific application. But the client must always give explicit consent to the third party, showing that he is aware that the application will gain access to some of his client data (e.g., account balance, account details, payment history, initiate payment order...).

Is open banking safe?

No third party can link its application to a client’s account without the client requesting it first and granting it his explicit consent to access his banking data.

Furthermore, this consent must be reconfirmed by the client every three months. Every third party that wishes to link its application to the client’s account must also hold relevant licence for accessing personal banking data issued by national competent authorities in EU countries (Croatian National Bank in Croatia).

What does open banking offer to clients?

New possibilities and flexibility in managing their personal finance.

Popular third-party applications offer retail clients various services, such as an instant overview of expenditures, including visual classification. Clients can immediately see in their applications how much they spent over a given period for restaurants, transport, or utilities.

With open banking, corporate clients increasingly use the bank’s open banking interface for simplifying centralised management of the company, and for obtaining up-to-date information from the bank.