12:11 - 14.05.2026

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May 14, Fineko/abc.az. In Azerbaijan, banks will be able to offer a more personalized loan for their customers, ABC.AZ reports, quoting Elmar Didakenan, an open banking specialist at the Financial Technologies & Innovations Department of the Central Bank of Azerbaijan.

"When there is no Open Banking, you can only see information in the mobile application of the bank where you have an account. If you have Open Banking, by adding accounts from other banks to the application, you will be able to generally see financial information on all your accounts.

The second main advantage for the organization is that, using this data, it can offer personalized solutions to the client. For example, relatively speaking, a bank can now propose a loan of up to 20,000 manats, and this applies to everyone: a person with a salary of 500 manats, and someone who receives 5,000 manats.

Now, when the bank sees your real income, it will be able to offer you a personalized offer - to determine the amount that suits you specifically," he emphasized.