Ozone API and Vault 22 Partner to Accelerate Open Banking Across Africa

Dubai, 12 May 2025

Ozone API, the global leader in open banking technology, has announced a strategic partnership with Vault 22, a fast-growing fintech innovator in South Africa. The collaboration aims to accelerate the rollout of open banking capabilities across South Africa and support financial institutions throughout the African continent.

To mark this milestone, both organisations will formally sign a Memorandum of Understanding (MOU) at the Dubai Fintech Summit on Monday, 12 May 2025. The signing reflects a mutual commitment to driving innovation, financial inclusion, and regulatory readiness in African markets.

Ozone API provides a powerful open banking platform, trusted by banks and financial institutions worldwide to deliver secure, compliant, and high-performing APIs. Vault 22 will leverage this platform to enable its clients to meet regulatory requirements and build innovative new services on top of open banking infrastructure.

As open banking gains momentum across Africa, this partnership positions both companies to support regulators, banks, and fintechs in creating a more open and inclusive financial ecosystem — one that improves access, encourages innovation, and drives economic growth.

Chris Michael, Co-Founder and CEO of Ozone API, said:

“Africa represents one of the most exciting frontiers for open banking. We’re proud to be partnering with Vault 22, who bring a deep understanding of the regional market and share our vision of using open banking to power better, fairer financial services. Signing our MOU at the Dubai Fintech Summit underscores the global relevance of this collaboration and our shared ambitions for impact.”

Benito Mable, Founder & CEO of Vault 22 commented:

“We’re thrilled to partner with Ozone API to bring world-class open banking capabilities to our clients in South Africa and beyond. The formalisation of this partnership at the Dubai Fintech Summit is a powerful signal of our readiness to lead the charge in open finance innovation across Africa.”

This partnership reflects a growing momentum behind open banking in emerging markets and highlights the potential for global collaboration in building more connected and inclusive financial systems.

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About Vault 22
Vault 22 is a South African fintech focused on transforming digital financial infrastructure across Africa. With a platform designed to meet the complex needs of banks, fintechs, and regulators, Vault 22 is at the forefront of innovation in financial services on the continent.

For further information about Vault 22, please visit: https://www.vault22.io/za