The insurance industry is witnessing one of its most profound shifts – the transition towards ‘open insurance’. Rooted in the broader movement towards open banking and data democratisation, open insurance promotes transparency and customer-centricity, leading to better, more personalised insurance services.
Several countries in Latin America still face challenges to offer financial services to a relevant portion of its population, who were historically unbanked or underbanked. Open Finance opens several opportunities to serve these users.
The recently published PSD3 proposal addresses many of the issues we have seen during the implementation of open banking across Europe over the last 5+ years. However, in order to actually fix these issues banks will need to make significant changes.
Ozone API, the leading provider of open finance software, is pleased to announce the appointment of James Bushby as General Manager for the UK, Europe, and North America.
Is there a best in class open banking standard? Explore pockets of excellence around the globe and navigate the complex ecosystem.
With open banking initiatives gaining momentum around the world, we are seeing a range of different standards emerge. Smart Data Foundry and Ozone API together bring you the Standards Library and Innovation Atlas, outlining the features and similarities between different standards being set across the globe.
The Joint Regulatory Oversight Committee (JROC) report is a milestone in the story of Open Banking in the UK. Ozone API CEO, Chris Michael, shares his thoughts.
When considering the right approach to deliver open banking APIs, either to comply with regulations and/or to unlock the potential of new revenue streams through account information and payment initiation services, banks should consider these 8 tips to ensure a successful implementation.
Ozone API on Temenos Exchange offers the quickest solution to deliver compliant open banking APIs and enable new commercial banking models. Temenos core banking customers can access ‘out of the box’ compliance as well as beyond compliance tools for premium APIs and embedded finance.