Open Banking in Czech Republic

Live (Regulated)

The Czech Republic implements open banking through PSD2 with Czech National Bank oversight and Berlin Group NextGenPSD2 standards.

Key Facts

Approach

Regulated

Regulatory Body

Česká národní banka (CNB)

Key Legislation

PSD2 / Zákon o platebním styku (Act No. 370/2017)

Topics

Open Banking

Internet Penetration

88%

Data Scope

Payment accounts, Account information, Payment initiation, Confirmation of funds

Timeline

2015PSD2 adopted by the European Parliament and Council

2018PSD2 transposed into Czech law via Act No. 370/2017; CNB oversees implementation

Standards & Specifications

Berlin Group NextGenPSD21.3.12

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Czech Banking Association API Standard

Open Finance in Czech Republic

The Czech Republic transposed PSD2 through Act No. 370/2017 on Payment Systems, with the Česká národní banka (CNB) as the supervisory authority. Czech banks including Česká spořitelna, ČSOB, Komerční banka, and Moneta Money Bank have implemented open banking APIs.

The Czech Banking Association developed a domestic API standard to complement the Berlin Group framework, helping to standardize implementation across the Czech banking sector. Prague has become an attractive fintech hub in Central Europe, with growing startup activity in financial services.

The Czech Republic's well-developed digital infrastructure and high banking penetration support open banking adoption. The market benefits from a technically skilled workforce and proximity to other Central European markets.

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