Organizational and legal limitations of the introduction of open banking interfaces in modern international and Russian practice

There is a steady trend in the financial market of the Russian Federation towards the development of a seamless digital client path, in which it is equally convenient for various organizations to interact on websites, in applications or during mailings for the unhindered exchange of information and the creation of a healthy competitive environment. The subject of the research is the stages and features of the implementation of Open Banking Interfaces (OpenAPI). The purpose of the work is to identify measures to overcome the organizational and legal constraints of introducing innovative Open API technology in international and Russian practice based on the experience of the BRICS countries, European countries, Japan and the United States. The scientific novelty of the study is to establish the main differences in the stages of implementation of Open APIs in the international and Russian financial markets.; the specifics of regulatory impacts in the process of introducing innovative technology in the paradigm of Open Banking — Open Finance — Open Data (Open Banking — Open Finance — Open Data) in international and Russian practice based on the results of a comparative analysis of existing regulatory frameworks and practices aimed at stimulating the use of Open API technologies in the banking sector. The main research methods used were formal logic, methods of comparative analysis, systematization, grouping, content analysis, techniques of graphical interpretation, etc. The systematization of successful cases taken from foreign practice has allowed us to propose ways to overcome the limitations identified in Russian practice. It is concluded that it is important to integrate international experience into Russian practice in order to form an effective ecosystem of open banking.