The Central Bank of Azerbaijan is actively promoting Open Banking and assessing the digital maturity of the entire financial sector. In this context, the question arose about the possibilities of Binance's participation in this ecosystem and the integration of products and APIs with the country's open banking platform.
Binance noted that the topic of Open Banking is interesting to them, as open banking ecosystems simplify the transition for users between traditional financial services and digital assets. However, talking about specific integrations at this stage is premature, but the company is open to exploring opportunities for interaction with Azerbaijan's open banking platform.
Binance also reminded about its B2B product Crypto-as-a-Service (CaaS), which allows banks and fintech companies to maintain their client-facing front end and brand, while Binance handles the backend: trading, wallets, security, and compliance with requirements such as the Travel Rule.