Digital public infrastructure of financial market: consultation paper
The concept of the digital public infrastructure (DPI) involves three digitalisation areas: identification, payments, and data exchange. Both the government and businesses may contribute to the DPI development. The Bank of Russia proposes discussing the criteria to be subsequently used when making decisions concerning the regulator’s involvement in creating components of the digital infrastructure of the financial market.
The consultation paper raises questions that are critical to the financial market:
- Who should create services for households and businesses, and what should the terms be?
- What role do the government and market participants play in creating DPI components?
- Which rules and criteria may be used when making decisions to create DPI components for the government or market participants?
- Under which conditions may the transfer of previously created DPI components to market participants be considered?
The Bank of Russia welcomes answers to the questions raised by the document as well as comments and suggestions through 31 October 2025.
The digital public infrastructure will be a key topic of the Forum of Innovative Financial Technologies Finopolis 2025 to be held in Sirius Federal Territory from 8 to 10 October.