We enable banks and financial institutions worldwide to deliver secure, standards-compliant open APIs that meet evolving regulatory requirements, provide exceptional user experiences for their customers, and commercialise open banking.
The Ozone API Platform provides the technology that enables banks and financial institutions to support their customers when using applications or services offered by third parties powered by open-banking APIs.
Consumers can now use the information their bank already holds to access services and products in a seamless and secure way.
We have an unparalleled track record in developing open banking and open finance standards, and our open API technology powers a huge number of banks and financial institutions around the world. Our platform is comprehensive, flexible, and ready to go, so wherever you are in your open banking journey, we can help.
Ensuring APIs remain compliant with evolving standards and are aligned with best practice guidelines, particularly if you have an international footprint, can be complex and resource-intensive.
Security adherence FAPI certified and conformant with the highest global security standards
Rapid deployment Simple integration tools ensure quick deployment for any bank and the ability to deploy in any cloud environment
Exceptional performance Highly efficient code with a low footprint that can auto-scale, our platform delivers open banking APIs with market-leading performance
Comprehensive functionality Delivering an incredibly rich API catalogue, pulling together the best capabilities to meet open banking standards wherever you are in the world
Lower cost Quick to set up and with ongoing support and standards maintenance, our platform ensures a simple solution to a complex problem with a lower cost of ownership
Global regulatory compliance Our platform supports all major global open banking standards and ensures ongoing compliance as they evolve
Our market-leading platform provides everything you need for an ‘out of the box’ open banking solution, and can be combined with additional support services to provide the complete solution for your needs.
Our platform provides everything you need to streamline compliance with open banking, now and as regulation and standards evolve. Our ‘out of the box’ solution, includes implementation, the comprehensive Ozone API Platform, ongoing standards updates, and support as standard.
The Ozone API Platform is powering a wide range of premium APIs, enabling clients to commercialise advanced functionalities and enrich customer service offerings. With easy integration and strong support, clients can innovate, create new revenue opportunities, and maintain a competitive edge.
Through open APIs our platform facilitates embedded financial services that enhance user experiences to drive user engagement. Tap into the power of open banking and open finance with our premium API sets whilst ensuring compliance.
Boost trust and confidence in online payments by adding an extra layer of validation to the payment process. Enable crucial security measures to verify recipient details, prevent mistakes and make transactions more secure with Verification Of Payee.
Trusted by banks and financial institutions around the world
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Open banking is important because it gives consumers control over their financial data, drives innovation in financial services, and opens new revenue opportunities for banks. For banks and financial institutions, open banking is both a regulatory requirement in many markets and a strategic opportunity to enhance customer experiences, reduce costs, and create new commercial channels. Markets with mature open banking ecosystems see increased financial inclusion, reduced fraud through better verification, and a more competitive financial services landscape that benefits everyone.
For banks and financial institutions, open banking enables compliance with evolving regulations, reduces operational costs through standardised APIs, improves customer experience through seamless integrations, and creates new revenue streams through premium APIs and embedded finance. For banks standardised APIs also provide a platform for faster innovation and a way to ensure they can be more present in their customers digital lives. For consumers, open banking provides better financial management tools, faster payment options, improved access to credit and financial products, and more control over their data. For third-party providers and fintechs, it offers reliable, secure access to financial data and payment capabilities, reducing the cost and complexity of bank partnerships.
To get started with open banking, you first need to understand your regulatory obligations and strategic objectives. Banks typically need to assess which standards apply to their markets, determine their technical requirements, and decide whether to build in-house or partner with a technology provider. The Ozone API Platform streamlines this process with out-of-the-box compliance for all major global standards, simple integration with existing banking systems, and deployment in weeks rather than months. Our team works with you to design an implementation that meets your regulatory requirements while laying the foundation for commercial growth through premium APIs and embedded finance capabilities. Contact us to discuss your specific needs.
Open banking return on investment (ROI) comes from multiple sources: reduced compliance costs through efficient, future-proof implementation; operational savings from standardised API infrastructure replacing custom integrations; new revenue from premium APIs and embedded finance services; improved customer retention through enhanced digital experiences; and reduced fraud through better verification capabilities like Verification Of Payee. Banks using the Ozone API Platform typically achieve compliance in 8-10 weeks at a fraction of the cost of building in-house, while gaining access to our comprehensive API catalogue for monetisation. The platform’s low ongoing maintenance costs and automatic standards updates protect your investment as regulations evolve, ensuring ROI grows over time rather than requiring continuous re-investment.
Banks can monetise open banking through several strategies: offering premium APIs that provide enhanced data, analytics, or functionality beyond regulatory requirements; enabling embedded finance by allowing partners to integrate banking services into their platforms; like payment initiation, identity verification or enriched transaction data, fraud detection, or enriched transaction data; creating new customer experiences that drive engagement and retention; and reducing costs through API-enabled automation.
A third-party provider (TPP) is an authorised organisation that uses open banking APIs to access customer financial data or initiate payments on their behalf, with explicit customer consent. TPPs include fintechs, budgeting apps, payment providers, lending platforms, and other financial services that connect to banks through standardised APIs. There are two main types: Account Information Service Providers (AISPs) that read account data to provide services like financial planning or aggregation, and Payment Initiation Service Providers (PISPs) that initiate payments directly from customer accounts. TPPs must be authorized by relevant regulators and meet strict security requirements. The Ozone API Platform includes comprehensive TPP management, ensuring only authorized providers access your APIs while providing them with excellent developer experience through clear documentation and sandbox environments.
