Economy, finances, management: topical issues of science and practical activity

SCIENTIFIC JOURNALS OF VINNITSA NATIONAL AGRARIAN UNIVERSITY

Issue №: 1 (75)

Published: 2026.04.17

DOI: 10.37128/2411-4413-2026-1

Description:
The journal deals with the issues of efficiency of functioning of the national economics and organizational forms of management of the national economy. Attention is paid to the problems of marketing, management and efficiency of production and economic activity of agrarian enterprises. The issues of public administration and administration, accounting and taxation, banking and insurance, forecasting and modeling of economic processes, foreign economic activity, commodity flows of economic entities and their infrastructure support.

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OPEN BANKING IN THE SYSTEM OF MODERN BANKING MANAGEMENT

DOI: 10.37128/2411-4413-2026-1-6

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HARIAHA Lesia – Doctor of Economic Sciences, Associate Professor, Associate Professor at the Department of Accounting and Finance, Bohdan Khmelnytsky National University of Cherkasy (18031, Cherkasy, 81, Shevchenko St., e-mail: garyagalo@vu.cdu.edu.ua, https://orcid.org/0000-0002-5266-797X).

KOSTOHRYZ Viktoriia – Candidate of Economic Sciences, Associate Professor, Associate Professor at the Department of Accounting and Finance, Bohdan Khmelnytsky National University of Cherkasy (18031, Cherkasy, 81, Shevchenko St., e-mail: kostogryzvg@vu.cdu.edu.ua, https://orcid.org/0000-0002-8378-5549).

Annotation

The article examines current trends in the implementation and development of Open Banking in Ukraine and identifies the specific features of Open Banking realization under martial law within the system of modern banking management. The approaches to defining the concept of «open banking» are examined, and its essence is revealed as a modern concept of financial service provision based on the secure transfer of data between banking institutions and third-party service providers through the use of standardized application programming interfaces (hereinafter – APIs). A comparative analysis of the regulatory frameworks governing the implementation of Open Banking in the European Union and Ukraine is conducted. The findings indicate that the introduction of Open Banking in Ukraine is taking place through the gradual adaptation of national legislation to European standards and is characterized by a phased implementation approach. This process requires banking management to maintain a balance between regulatory compliance, technological readiness, and the search for new business models. It is established that a distinctive feature of the Ukrainian Open Banking regulatory framework is the impact of martial law, which necessitates enhanced requirements for cybersecurity, data protection, and customer consent procedures. Under these conditions, a unique model of Open Banking implementation is being formed within the Ukrainian banking management system. This model is based on the achieving a balance between innovation, regulatory discipline, and heightened security standards, enabling the financial sector to adapt to crisis-related challenges while preserving a strategic orientation toward European integration.

It has been determined that, within the system of banking management in Ukraine under martial law, a unique model of Open Banking implementation is being formed. This model is based on a balance between innovativeness, regulatory discipline, and an enhanced level of security, and it ensures the adaptation of the financial sector to crisis challenges while simultaneously maintaining a strategic course toward European integration. Within this model, the priorities of banking management include cyber resilience, multi-level customer authentication, the implementation of additional transaction monitoring mechanisms, and the strengthening of the regulatory functions of the National Bank of Ukraine (hereinafter – NBU). It has been established that banking management, alongside traditional banking risks, is compelled to take into account risks of military origin. Increasing control over customer consent and minimizing the risks of unauthorized use of information become particularly relevant. Overall, the strategic orientation of bank management is directed toward the gradual integration of open banking while preserving liquidity, security, customer trust, and the stability of the financial system.

Keywords: open banking, banking management, digital financial technologies, regulatory framework, payment services, cybersecurity.

List of references

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About the journal

Topics of the journal:

С1 Economics and International Economic Relations (by specialization)

D1 Accounting and Taxation

D2 Finance, Banking, Insurance and Stock Market

D3 Management

D4 Public Management and Administration

D5 Marketing

D7 Trade

J3 Tourism and Recreation

Keywords: economics , international economic relations , accounting , taxation , finance , banking , insurance , stock market , management , public management and administration , marketing , trade , tourism and recreation

Key information:

ISSN (print): 2411-4413

DOI: 10.37128

All-Ukrainian scientific and production journal “Economics, finance, management: topical issues of science and practical activity” is a peer-reviewed open-access journal that publishes original research, theoretical articles and reviews on a wide range of economic and business issues. The articles, which have scientific and scientific-practical significance, highlight theoretical and methodological aspects of the development of agrarian sector of economy and related industries, the results of fundamental and applied research.

The purpose of the journal is to highlight the results of fundamental and applied research in the field of economic sciences, aimed at developing modern approaches to managing economic processes, financial support for enterprise activities and increasing the efficiency of economic systems. The publication is focused on creating a scientific environment for the exchange of research results between scientists, higher education students and practitioners in economic sphere, as well as on the dissemination of modern scientific and methodological approaches to solving current economic and management problems. The journal contributes to the development of the research in the field of enterprise economics, finance, accounting, auditing, management, marketing, entrepreneurship, trade, tourism and recreation, public management and administration, economic development and international economic relations, which meets the modern needs of the socio-economic development of the state.

The journal’s objectives are:

• publishing the results of fundamental and applied research in the fields of economics, international economic relations, finance, management, public administration, accounting, marketing, tourism and recreation, and entrepreneurship;

• promoting the development of modern methods of managing enterprises and organizations, increasing the efficiency of using financial and material resources;

• supporting the research aimed at improving the economic mechanisms of enterprise functioning, developing innovative activity, and increasing the competitiveness of economic structures;

• ensuring the scientific exchange of research results between higher education institutions, scientific institutions, and business entities;

• developing methods of economic analysis, forecasting, and modeling of socio-economic processes;

• disseminating of modern approaches to financial management, accounting, taxation, and control of economic activity;

• promoting the development of interdisciplinary research related to the economic support of the development of agrarian sector of economy and rural areas;

• integration of scientific research results into the international scientific space and increasing the level of scientific communication.

Publisher: Vinnytsia National Agrarian University

Link to the journal on the publisher’s website: ”Economics, finance, management: topical issues of science and practical activity”

Frequency of issue: 4 times a year.

Language of publication: Ukrainian, English.

Editor-in-Chief: Inna Honcharuk

State registration: Decision of the National Council of Ukraine on Television and Radio Broadcasting No. 1337 and No. 1178. Media identifier – R30-05171. Publisher registration number (EDRPOU) 00497236.

Publisher’s ROR: https://ror.org/05m3ysc06 Publisher’s DOI prefix: 10.37128 ISSN (print): 2411-4413

Publisher DOI prefix: 10.37128 ISSN (print): 2411-4413

The scientific journal is included in category "B" of the List of scientific professional publications of Ukraine, in which the results of dissertations for the degree of Doctor and Candidate of Sciences in the specialties C1 (051) - Economics, D1 (071) - Accounting and Taxation, D2 (072) – Finance, Banking, Insurance and Stock Market, D3 (073) – Management, D5 (075) – Marketing, D7 (076) – Entrepreneurship and Trade, (241) – Hotel and Restaurant Business, D4 (281) – Public Management and Administration (Order of the Ministry of Education and Science of Ukraine dated March 17, 2020 №409)

History of journal:

Founded in 1997 under the name ”Bulletin of Vinnytsia State Agricultural Institute”. In 2010-2014 it was published under the name “Collection of Scientific Papers of Vinnytsia National Agrarian University”. Since 2015 “Economics, finance, management: current issues of science and practical activity” (Certificate of State Registration of Mass Media No. 21154-10954 PR dated 12/31/2014).