🌍
Jurisdiction
Switzerland
📅
Effective Date
2020
May 1, 2020
✅
Full Compliance
TBD
🏛️
Regulator
FINMA
Overview
Switzerland has taken a market-driven approach to Open Banking without regulatory mandate. The bLink platform by SIX Group provides centralized infrastructure for Open Banking. Swiss Fintech Innovations (SFTI) handles standardization, while SIX Group operates the central bLink platform. Focus is exclusively on commercial bank customers (SMEs), with retail not in scope.
Scope & Coverage
AISPSS
Key Requirements
1
bLink Platform connectivity2
SFTI API standards compliance3
Bilateral agreements4
FINMA oversightImplementation Timeline
May 1, 2020
bLink live with AIS and PSS use cases
Aug 1, 2021
Additional use cases (Open Finance, Wealth Management) in development
Jan 1, 2022
Update to new consent model
API Specifications
Technical standards and API specifications for implementing Swiss Open Banking:
Official Documents & Resources
Key Notes
No mandate, but strong industry adoption via centrally operated bLink platform. Focus on SME customers only.
Official Resources
Related Regulations
Other open banking frameworks in Europe:
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