Latin America’s banking sector is embracing open finance, but a standard API gateway isn’t enough. This article explores the key upgrades banks need for compliance, security, and interoperability.
The EU’s new VOP mandate proves that Verification of Payee is gaining traction as regulators push for stronger payment security. We explore how different countries are implementing this fraud-prevention tool.
Discover how Verification Of Payee (VOP) is transforming EU payments by reducing fraud and misdirected transactions. With the first VOP rulebook in place and an October 2025 compliance deadline, banks and PSPs must act now. Learn how VOP works, why it matters, and how Ozone API can support seamless implementation. Read our guide to stay ahead of regulatory requirements and enhance payment security.
The Consumer Financial Protection Bureau (CFPB) has officially designated Financial Data Exchange (FDX) as a Standards Setting Body as of January 8, 2025. This landmark decision, following the release of Section 1033 last year, sets the stage for a regulated open banking framework in the United States.
This guide provides insight and direction to technology teams at banks, financial institutions and other financial data-holders in the US ecosystem who are preparing to comply with Section 1033.
Are you a bank or financial institution looking to select an open banking platform for compliance and commercial purposes? Here are a few considerations to guide you through the process.
Open banking is revolutionising finance worldwide, unlocking opportunities for innovation, collaboration, and better consumer experiences. As we approach the end of 2024, we share what our vision is for open banking in 2025 and beyond.
At Ozone API, 2024 was a year of impactful initiatives, where we raised funds and supported communities close to our hearts. Join us as we reflect on the highlights and celebrate the moments that truly mattered.
The CFPB’s new Personal Financial Data Rights rule marks a historic step for U.S. open banking, empowering consumers with control over their data and enabling secure third-party access. At Ozone API, we fully support this direction and have shared our insights with the CFPB, recommending a standardized security framework, certification processes, and service initiation to strengthen the open finance ecosystem.