# Ozone > Welcome to the Ozone API blog; your source to the latest news, insights, resources and more. --- ## Pages - [Central Banks and Regulators](https://ozoneapi.com/central-banks-and-regulators/) - [Success stories](https://ozoneapi.com/success-stories/) - [Banks and financial institutions](https://ozoneapi.com/banks-and-financial-institutions/) - [Ozone api platform](https://ozoneapi.com/ozone-api-platform/) - [Verification Of Payee](https://ozoneapi.com/verification-of-payee/) - [FAQs](https://ozoneapi.com/faqs/) - [Homepage](https://ozoneapi.com/): Ozone API helps banks and financial institutions thrive in the world of Open Finance. Our technology provides APIs which go beyond compliance. - [Delivery models](https://ozoneapi.com/delivery-models/): Our flexible delivery models integrate seamlessly with any bank or financial institutions tech stack for efficient Open Banking API deployment. - [Solutions](https://ozoneapi.com/software-solutions/): Discover Ozone API's software solutions for secure, compliant Open Banking APIs, supporting global standards and unlocking new commercial opportunities. - [Overview](https://ozoneapi.com/overview/): The most advanced open finance API platform in the world. Quickly deliver open APIs to meet regulatory requirements, provide a great user experience and turn open banking into a profitable commercial channel. - [Ozone Anti-Slavery Policy](https://ozoneapi.com/ozone-anti-slavery-policy/): Ozone Anti-Slavery Policy 1. Introduction Modern slavery is a crime and a violation of fundamental human rights. It takes various... - [Security](https://ozoneapi.com/security/) - [Landing page](https://ozoneapi.com/resources/the-global-open-data-tracker/) - [Standards Library](https://ozoneapi.com/the-global-open-data-tracker-library/) - [Innovations Atlas](https://ozoneapi.com/the-global-open-data-tracker/atlas/) - [The Global Open Data Tracker Main](https://ozoneapi.com/the-global-open-data-tracker/): Explore the evolution of worldwide standards for open banking, open finance and the open data economy, and learn more about the ecosystems they exist in. - [Compare page](https://ozoneapi.com/the-global-open-data-tracker/library/compare/) - [Atlas list](https://ozoneapi.com/the-global-open-data-tracker/atlas/list/): A comprehensive list of countries and regions tracked in the global open data atlas, detailing progress and challenges in open data initiatives. - [Where We Operate](https://ozoneapi.com/global-coverage/) - [Blog](https://ozoneapi.com/blog/): Welcome to the Ozone API blog; your source to the latest news, insights, resources and more. - [Cookie Policy](https://ozoneapi.com/cookie-policy/): Cookie Policy Ozone Financial Technology Limited Cookies Policy We are Ozone Financial Technology Limited (referred to as “we” or “us”or... - [Terms](https://ozoneapi.com/terms/): Terms Introduction These terms and conditions apply between you, the User of this Website (including any sub-domains, unless expressly excluded... - [Partners](https://ozoneapi.com/partners/) - [Contact Us](https://ozoneapi.com/contact/) - [Our Team](https://ozoneapi.com/team/) - [About us](https://ozoneapi.com/about/): Discover how Ozone API leads in open banking innovation, empowering financial institutions globally with robust API solutions and compliance tools. - [Our Services](https://ozoneapi.com/services/): Unlock expert support with Ozone API's services, designed to enhance your Open Banking API implementation, compliance, and ongoing innovation. - [Privacy Policy](https://ozoneapi.com/privacy/): Privacy Policy Version 1. 0 This privacy policy applies between you, the User of this Website and Ozone Financial Technology... --- ## Posts - [The 3 Hidden Challenges of Early Adoption in Open Finance — and Why the Leap’s Still Worth It](https://ozoneapi.com/blog/the-3-hidden-challenges-of-early-adoption-in-open-finance-and-why-the-leaps-still-worth-it/): Early adoption of open finance offers major advantages — but it’s not without challenges. Explore the main risks, from high initial costs to evolving standards. - [Ozone API Joins Forces with Plaid to Accelerate Open Banking Across North America](https://ozoneapi.com/blog/ozone-api-partners-with-plaid-to-deliver-seamless-fdx-compliant-open-banking-integration/): Ozone API, a global leader in open banking technology, is proud to announce a new partnership with Plaid, a leading... - [New Smart Data Group Aims to Supercharge UK Economic Growth](https://ozoneapi.com/blog/new-smart-data-group-aims-to-supercharge-uk-economic-growth/): June 19 2025 marked a significant leap forward for the UK’s digital future, as policymakers, regulators, and industry leaders came... - [5 Key Benefits of Early Adoption in Open Finance: How to Lead, Innovate, and Monetise](https://ozoneapi.com/blog/5-key-benefits-of-early-adoption-in-open-finance-how-to-lead-innovate-and-monetise/): Discover the top 5 benefits of early adoption in Open Finance — from gaining first-mover advantage to unlocking new revenue streams. Learn how your institution can lead, innovate, and shape the future of financial services. - [The Business Case for Early Adoption in Open Finance](https://ozoneapi.com/blog/the-business-case-for-early-adoption-in-open-finance/): Discover the strategic benefits of early adoption of open finance — from market leadership and data insights to ecosystem influence and new revenue opportunities. - [Your Guide to Mastering an Open Finance Strategy](https://ozoneapi.com/blog/your-guide-to-mastering-an-open-finance-strategy/): Discover how to build a successful open finance strategy with this actionable guide. Learn to engage your board, define your roadmap, and design an API-led operating model. Download the full paper now. - [8 Countries Embracing Open Finance](https://ozoneapi.com/blog/8-countries-embracing-open-finance/): Discover how eight countries are progressing beyond open banking into open finance. From Brazil to the UK, explore global adoption trends, regulatory frameworks, and why early adoption opens new opportunities for innovation in financial services. - [ClearBank Partners with Ozone API to Accelerate Open Banking Worldwide](https://ozoneapi.com/blog/clearbank-partners-with-ozone-api-to-accelerate-open-banking-worldwide/): Ozone API and ClearBank announce a strategic multinational partnership to deliver open banking APIs that meet the highest global standards. This collaboration supports ClearBank’s European expansion and empowers clients with scalable, future-proof open finance solutions. - [Ozone API and Vault 22 Partner to Accelerate Open Banking Across Africa](https://ozoneapi.com/blog/ozone-api-and-vault-22-partner-to-accelerate-open-banking-across-africa/): 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. - [Your Verification Of Payee Questions Answered: Compliance Timeline, Challenges & Expert Insights](https://ozoneapi.com/blog/your-verification-of-payee-questions-answered-compliance-timeline-challenges-expert-insights/): Got questions about Verification Of Payee (VOP) compliance? Get expert answers on the timeline, implementation challenges, and how VOP can help prevent APP fraud. Insights from our live webinar inside! - [How Open Finance Can Empower Filipinos to Thrive](https://ozoneapi.com/blog/how-open-finance-can-empower-filipinos-to-thrive/): Discover how open finance in the Philippines can help Filipinos escape the pay-check to pay-check cycle. Learn how data-driven tools can support financial empowerment, access to credit, and long-term stability for families. - [Open Finance: Una oportunidad determinante para Colombia](https://ozoneapi.com/blog/es-open-finance-una-oportunidad-determinante-para-colombia/): Colombia se enfrenta a una transformación financiera clave con la transición a open finance. Explora cómo esta evolución impulsará la innovación, la inclusión financiera y el crecimiento económico, ofreciendo nuevas oportunidades para consumidores y empresas, mientras fortalece el ecosistema bancario del país. - [The FCA's 5-Year Strategy: What It Means for Open Banking in the UK](https://ozoneapi.com/blog/the-fcas-5-year-strategy-what-it-means-for-open-banking-in-the-uk/): Discover how the FCA's new 5-year strategy is shaping the future of open banking and open finance in the UK. Explore their roadmap, priorities, and what it means for consumers, fintechs, and the wider financial ecosystem. - [Financial Inclusion in Africa: Is Open Banking the Answer?](https://ozoneapi.com/blog/financial-inclusion-in-africa-is-open-banking-the-answer/): Discover how open banking could help transform financial inclusion in Africa. Explore key developments, challenges, and opportunities driving innovation and economic empowerment. - [Mastering Verification of Payee with Senior Product Manager Ryan Waters](https://ozoneapi.com/blog/mastering-verification-of-payee-with-senior-product-manager-ryan-waters/): VOP is a new EPC initiative to enhance payment security in the SEPA zone. With the October 2025 deadline approaching, Ryan Waters of Ozone API explains how VOP works and how businesses can stay compliant. - [The Open Finance Opportunity for LATAM Banks: Is Your API Gateway Ready for the Shift?](https://ozoneapi.com/blog/the-open-finance-opportunity-for-latam-banks-is-your-api-gateway-ready-for-the-shift/): 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. - [Verification Of Payee: A Global Overview](https://ozoneapi.com/blog/verification-of-payee-a-global-overview/): The EU’s new VOP mandate proves that Verification of Payee is gaining traction as regulators push for stronger payment security. We do a global overview of Verification Of Payee to see how different countries are implementing this fraud-prevention tool. - [Verification Of Payee in the EU: A Guide for Banks & PSPs](https://ozoneapi.com/blog/verification-of-payee-in-the-eu-a-guide-for-banks-psps/): 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. - [Major Milestone for Open Banking in the United States](https://ozoneapi.com/blog/major-milestone-for-open-banking-in-the-united-states/): 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. - [Technical Guide to CFPB Section 1033](https://ozoneapi.com/blog/technical-guide-to-cfpb-section-1033/): 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. - [Selecting an Open Banking Platform: A Guide for Banks and Financial Institutions](https://ozoneapi.com/blog/selecting-an-open-banking-platform-a-guide-for-banks-and-financial-institutions/): 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. - [The Open Banking Vision: Unlocking Opportunities for 2025 and Beyond](https://ozoneapi.com/blog/the-open-banking-vision-unlocking-opportunities-for-2025-and-beyond/): 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. - [Local Communities and Financial Inclusion at the Heart of Ozone API’s ESG Commitment](https://ozoneapi.com/blog/local-communities-and-financial-inclusion-at-the-heart-of-ozone-apis-esg-commitment/): 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. - [Unlocking Open Banking in the United States: Ozone API’s Support and Recommendations for the CFPB on the Personal Financial Data Rights Rule](https://ozoneapi.com/blog/unlocking-open-banking-in-the-united-states-ozone-apis-support-and-recommendations-for-the-cfpb-on-the-personal-financial-data-rights-rule/): 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. - [Bringing Open Finance to Life: The Philippines Open Finance Hackathon](https://ozoneapi.com/blog/bringing-open-finance-to-life-the-philippines-open-finance-hackathon/): The 'Race to the Future: Open Finance PH Hackathon,' event united innovators to drive financial inclusion in the Philippines. From retirement tools to financial health apps, this event highlighted open finance’s potential to reshape financial services for a more inclusive future. - [Employee Spotlight: Charlotte Livingston](https://ozoneapi.com/blog/employee-spotlight-charlotte-livingston/): Our Global Head of People, Charlotte Livingston, shares her experience and advice on embracing global diversity, how companies can thrive even when teams are spread across time zones, and how to retain top talent, plus lots more. - [Global Interoperability](https://ozoneapi.com/blog/global-interoperability/): Explore why global interoperability is essential for Open Finance, addressing the need for standardised regulations, security standards, and infrastructure to overcome regional fragmentation and fully realise its benefits. - [Employee Spotlight: Simon Blundell](https://ozoneapi.com/blog/employee-spotlight-simon-blundell/): Simon Blundell transitioned from journalism to bid management, where he now leads bid services at Ozone API. He chats to us about collaboration, research, and how he sees AI as a future aid in simplifying the process. - [Embedded Finance: A Conversation with Simon Torrance](https://ozoneapi.com/blog/embedded-finance-a-conversation-with-simon-torrance/): Eyal Sivan speaks to Simon Torrance, CEO and Founder of Embedded Finance & Insurance Strategies, to discuss how open banking, real-time payments, and agentic A.I. will help fill the gap between financial needs and financial services. - [Employee Spotlight: Carol Heath](https://ozoneapi.com/blog/employee-spotlight-carol-heath/): We speak to our Partnership Success Manager, Carol Heath, about her role, exciting trends in open banking, the challenges partners... - [How Open Banking and Financial Awareness Are Connected: A Strategic Advantage for Banks](https://ozoneapi.com/blog/how-open-banking-and-financial-awareness-are-connected-a-strategic-advantage-for-banks/): We look at how open banking and financial awareness are interconnected, and how by leveraging these concepts, banks can build trust, drive financial inclusion, and secure a competitive advantage in the evolving financial landscape. - [Turning Vision into Reality: Celebrating Ozone API's India Office Milestone!](https://ozoneapi.com/blog/turning-vision-into-reality-celebrating-ozone-apis-india-office-milestone/): On July 25th 2024, we marked the opening of our new India office with a heartfelt inauguration, showcasing our hard work, creativity, and determination. - [The Essential Guide to CFPB Section 1033](https://ozoneapi.com/blog/the-essential-guide-to-cfpb-section-1033/): In 2023, the CFPB proposed rules to implement Section 1033 of the Dodd-Frank Act. This article explores the new measures, security requirements and their implications for consumers, fintechs, and financial institutions. - [The History of Open Banking: Industry, APIs and Payments](https://ozoneapi.com/blog/the-history-of-open-banking-industry-apis-and-payments/): Explore the history of open banking, from its origins to its global impact. Learn how regulatory changes and technology have shaped financial services. - [How Open Finance is Revolutionising Financial Management for Young Adults](https://ozoneapi.com/blog/how-open-finance-is-revolutionising-financial-management-for-young-adults/): We explore how open finance is simplifying financial management for young adults and helping them achieve their financial goals. - [Exploring Consumer Data Right in Australia: A Conversation with Mr Open Banking and Jamie Leach](https://ozoneapi.com/blog/exploring-consumer-data-right-in-australia-a-conversation-with-mr-open-banking-and-jamie-leach/): Eyal Sivan, aka Mr Open Banking, and Jamie K Leach, Data Strategist at Raidiam, speak about the origins of Australia’s Consumer Data Right regulation and its significance for the future of open data. - [The Essential Guide to OBL Version 4.0](https://ozoneapi.com/blog/the-essential-guide-to-obl-version-4-0/): Version 4.0 of the UK open banking standard has been released. Here's your guide to what the changes include, deadlines, impacts and support. - [A recap on Open Banking Expo Canada 2024 with Eyal Sivan](https://ozoneapi.com/blog/a-recap-on-open-banking-expo-canada-2024-with-eyal-sivan/): Get the insiders scoop on what the hot topics were at Open Banking Expo Canada this year with Eyal Sivan. - [Employee Spotlight: Chris Wood](https://ozoneapi.com/blog/employee-spotlight-chris-wood/): We speak to Chris Wood, Ozone API's Principal Architect, about his role, his hobbies and the ways in which open finance needs to development in the coming years. - [Regulation in America: Checks and Balances](https://ozoneapi.com/blog/regulation-in-america-checks-and-balances/): John Pitts talks about a new era of open banking, taking open banking to the next level in the United States, and what’s in the open banking pipeline for the U.S. - [Employee Spotlight: Alfiya Khan](https://ozoneapi.com/blog/employee-spotlight-alfiya-khan/): We speak to Ozone APIs Software Engineer Alfiya Khan about her goals, hobbies and how her career has evolved. - [Who Are in the CMA9 and Why They Matter](https://ozoneapi.com/blog/who-are-in-the-cma9-and-why-they-matter/): The CMA9 are the UK's largest 9 banks. They’re vital in influencing UK banking and Open Banking. - [Employee Spotlight: Jessica Kulkarni ](https://ozoneapi.com/blog/employee-spotlight-jessica-kulkarni/): This series showcases the diverse talents driving our company. This edition features Jessica Kulkarni, Ozone API's Office Administrator. - [Open Banking in Africa: Perspectives from Nigeria, Ghana, Egypt and South Africa](https://ozoneapi.com/open-banking-in-africa-perspectives-from-nigeria-ghana-egypt-and-south-africa/): We identify and evaluate exciting open banking movements in different African markets, and look at what experts in that regions have to say. - [Engine by Starling integrates Ozone API into SaaS solution](https://ozoneapi.com/blog/engine-by-starling-integrates-ozone-api-into-saas-solution/): Explore how Starling's SaaS solution integrates Ozone API, enhancing open banking functionalities and supporting seamless financial operations. - [Team Ozone API travel 2,918km to fundraise for financial education](https://ozoneapi.com/blog/team-ozone-api-travel-2918-km-to-fundraise-for-financial-education/): Ozone API colleagues complete 2,918km during charity fundraiser for The Money Charity. - [Open Banking in Canada with Eyal Sivan](https://ozoneapi.com/blog/open-banking-in-canada-with-eyal-sivan/): We discuss the history and future of open banking in Canada, as well as how Canadian banks can benefit from embracing open banking. - [Oh Canada: A conversation with Abraham Tachjian](https://ozoneapi.com/blog/oh-canada-a-conversation-with-abraham-tachjian/): A conversation with Abraham A. Tachjian, Director of Digital Banking at PwC Canada, on the past, present and future of Open Banking in Canada. - [Ozone API and Thistle Initiatives To Help Banks Get Ahead of PSD3](https://ozoneapi.com/blog/ozone-api-and-thistle-initiatives-to-help-banks-get-ahead-of-psd3/): Ozone API teams up with Thistle Initiatives to help banks stay ahead of PSD3 compliance requirements, ensuring regulatory success. - [16 global events you should know about: Open banking edition](https://ozoneapi.com/blog/16-global-events-you-should-know-about-open-banking-edition/): When it comes to open banking there’s a huge community who are keen to share their knowledge and expertise - here's where to find them. - [Introduction to Open Banking: Everything you need to know](https://ozoneapi.com/blog/introduction-to-open-banking-everything-you-need-to-know/): Open banking facilitates the secure sharing of financial data. Read our comprehensive guide to learn everything Open Banking. - [Celebrating the vibrant spirit of Holi in India](https://ozoneapi.com/blog/celebrating-the-vibrant-spirit-of-holi-in-india/): At Ozone API we cherish the vibrant spirit of Holi festival, which serves as a symbol of unity and togetherness, transcending all boundaries. Here's a glimpse of the festive fervour as seen in Ozone API India. - [Exploring Saudi Arabia’s Open Banking Hackathon with Ozone API’s Chris Michael](https://ozoneapi.com/blog/exploring-saudi-arabias-open-banking-hackathon-with-ozone-apis-chris-michael/): Ozone API’s Co-CEO Chris Michael recaps on the Financial Academy’s recent Open Banking Hackathon. Find out why Ozone API were involved, the revolutionary fintech ideas that stood out, and why the event is such an important milestone in the Kingdom of Saudi Arabia's open banking journey. - [Ozone API employees empower children through the "Magical Gullak" initiative in India](https://ozoneapi.com/blog/ozone-api-employees-empower-children-through-the-magical-gullak-initiative-in-india/): Ozone API employees volunteer at a school in India as part of Magical Gullak innovative, offering lessons on financial literacy. - [Expanding the open finance talent pool through inclusive language](https://ozoneapi.com/blog/expanding-the-open-finance-talent-pool-through-inclusive-language/): Does Open Finance need to be more accessible, relatable and understandable in order for future talent to be attracted to the industry? - [Open Finance in Review: Looking back at 2023](https://ozoneapi.com/blog/open-finance-in-review-looking-back-at-2023/): A comprehensive review of open finance developments in 2023, examining key trends and future implications. - [Eyal Sivan aka Mr. Open Banking joins Ozone API as General Manager for North America](https://ozoneapi.com/blog/eyal-sivan-aka-mr-open-banking-joins-ozone-api-as-general-manager-for-north-america/): Ozone API, a leading technology company specialising in open banking solutions, is excited to announce the appointment of Eyal Sivan as the new General Manager for North America. - [Ozone API and CLOWD9 Announce Strategic Partnership in Open Banking](https://ozoneapi.com/blog/ozone-api-and-clowd9-announce-strategic-partnership-in-open-banking/): Ozone API and CLOWD9 have entered into a global strategic partnership, combining CLOWD9’s industry leading payments processing platform with Ozone API’s world class open banking services. - [Ozone API raises £8.5mn Series A round led by Gresham House Ventures to accelerate global expansion](https://ozoneapi.com/blog/ozone-api-raises-8-5mn-series-a-round-led-by-gresham-house-ventures-to-accelerate-global-expansion/): Ozone API, the open banking API platform founded by the team that designed open banking in the UK, today announced that it has raised a £8.5mn Series A round to fund its continued global expansion. - [2024 Open Banking Predictions: From Huw Davies](https://ozoneapi.com/blog/2024-banking-predictions/): Explore our predictions for the banking industry in 2024. Expert Huw Davies goes into detail on what the future holds for banking, open finance and compliance. - [10x Banking and Ozone API join forces to help banks harness the power of open banking faster, reducing timelines from months to weeks](https://ozoneapi.com/blog/10x-banking-and-ozone-api-join-forces-to-help-banks-harness-the-power-of-open-banking-faster-reducing-timelines-from-months-to-weeks/): 10x Banking (10x) and Ozone API have partnered to simplify the delivery of open banking APIs for banks globally. - [5 Observations from Supporting the Major Global Open Banking Standards](https://ozoneapi.com/blog/5-observations-from-supporting-the-major-global-open-banking-standards/): Read our top 5 insights from supporting global Open Banking standards. Find out how Ozone API helps drive compliance and innovation in the financial sector. - [What it's really like to work remotely in a global business](https://ozoneapi.com/blog/what-its-really-like-to-work-remotely-in-a-global-business/): At Ozone API, we adopted remote working from the outset and our colleagues are scattered across the globe, with some working in parts of the world where no other colleagues are based. Company culture is a big priority for us and so It got us wondering, what is it really like working like this? - [Why shaping Ozone API’s company culture is so central to who we are and what we're learning along the way](https://ozoneapi.com/blog/why-shaping-ozone-apis-company-culture-is-so-central-to-who-we-are-and-what-were-learning-along-the-way/): Learn how Ozone API shapes its company culture, focusing on innovation, collaboration, and continuous learning. - [4 Compelling Reasons to Choose Ozone API for Your Open Insurance Needs in Brazil](https://ozoneapi.com/blog/4-compelling-reasons-to-choose-ozone-api-for-your-open-insurance-needs-in-brazil/): Brazils Open Insurance initiative is bringing transparency and control to consumers. Discover why Ozone API is the perfect Open Insurance partner. - [Ozone API now supports the latest version of the UK open banking standards](https://ozoneapi.com/blog/ozone-api-sandbox-updated/): In the world of open banking, change is definitely a constant! What started 6 years ago with the creation of the UK open banking standard continues to evolve, with new releases adding ever richer functionality to unlock more capabilities for banks and third parties. - [Open Insurance: An Era of Transparency and Customer-Centricity](https://ozoneapi.com/blog/open-insurance-an-era-of-transparency-and-customer-centricity/): Enter the era of open insurance with Ozone API, focusing on transparency and customer-centric solutions in financial services. - [How open finance is laying the foundations to tackle financial inclusion](https://ozoneapi.com/blog/how-open-finance-is-laying-the-foundations-to-tackle-financial-inclusion/): Understand how Open Finance is building a foundation for financial inclusion, offering more opportunities for underserved communities. - [Will PSD3 finally unlock the potential of open banking?](https://ozoneapi.com/blog/will-psd3-finally-unlock-the-potential-of-open-banking/): Investigate how PSD3 could unlock the full potential of open banking, driving innovation, regulatory alignment, and enhanced financial services. - [James Bushby Joins Ozone API as General Manager for UK, Europe, and North America](https://ozoneapi.com/blog/james-bushby-joins-ozone-api-as-general-manager-for-uk-europe-and-north-america/): James Bushby joins Ozone API as General Manager, leading growth in the UK, Europe, and North America markets. - [The Battle of the Standards - Who Is ‘Winning’ in the Ever More Complex Open Finance Landscape?](https://ozoneapi.com/blog/the-battle-of-the-standards-who-is-winning-in-the-ever-more-complex-open-finance-landscape/): Who is winning in the complex landscape of open finance standards? Ozone API explores the ongoing battle for dominance. - [Standards by Design: Mapping the global financial landscape in Open Banking](https://ozoneapi.com/blog/standards-by-design/): Delve into the importance of designing standards that drive open banking success, with insights from Ozone API’s industry expertise. - [The JROC Report on the future of Open Banking has one glaring omission](https://ozoneapi.com/blog/the-jroc-report-on-the-future-of-open-banking-has-one-glaring-omission/): 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. - [Top 10 Tips for Banks and FIs to consider when implementing Open Banking](https://ozoneapi.com/blog/top-8-tips-for-banks-and-fis-to-consider-when-implementing-open-banking/): Explore essential tips for banks and financial institutions implementing open banking, ensuring smooth integration and enhanced customer experiences. - [Open Banking Pioneer Ozone API Now Available on Temenos Exchange](https://ozoneapi.com/blog/open-banking-pioneer-ozone-api-now-available-on-temenos-exchange/): Ozone API's open banking solutions are now available on the Temenos Exchange, empowering financial institutions globally. - [Q1 reflections on the 2023 predictions](https://ozoneapi.com/blog/q1-reflections-on-the-2023-predictions/): We have officially reached Q2 of the year and as we move away from what has been a particularly bleak winter in Fintech, Ozone API's co-founder & Chief Commercial Officer Huw Davies reflects on the 2023 predictions he made at the start of the year. - [How to build a winning team and nurture an inclusive company culture](https://ozoneapi.com/blog/how-to-build-a-winning-team-and-nurture-an-inclusive-company-culture/): Learn effective strategies for building a successful team and fostering an inclusive company culture in your organisation. - [The Status of Open Finance in Latin America](https://ozoneapi.com/blog/the-status-of-open-finance-in-latin-america/): Assess the current status of open finance in Latin America, highlighting regulatory developments, market readiness, and future opportunities. - [Strong bases set out a clear path for Brazil to take the lead in Open Finance globally](https://ozoneapi.com/blog/strong-bases-set-out-a-clear-path-for-brazil-to-take-the-lead-in-open-finance-globally/): Learn how Brazil is poised to lead the global open finance movement with strong foundational policies and innovative financial solutions. - [Ozone API announces key senior hires to lead MENA growth and enhance infrastructure security](https://ozoneapi.com/blog/new-senior-hires-to-lead-growth/): Nihal Abughattas joins as General Manager for MENA and Chris Austin joins as Chief Information Security Officer (CISO) - [Lessons from building the world’s first Open Banking Standard](https://ozoneapi.com/blog/lessons-from-building-the-worlds-first-open-banking-standard/): Gain insights from the experience of creating the world’s first Open Banking Standard, shaping the future of financial services. - [Enabling Open Finance with TecBan in Brazil ](https://ozoneapi.com/blog/enabling-open-finance-with-tecban-in-brazil/): Discover how Ozone API is enabling Open Finance with TecBan in Brazil. The TecBan Open Finance Platform, powered by Ozone API is fully compliant! - [Ozone API's 2023 Open Finance Predictions](https://ozoneapi.com/blog/ozone-api-2023-open-finance-predictions/): Ozone API's three co-founders Chris Michael, Huw Davies and Freddi Gyara share their top seven predictions for open finance in 2023. - [Ozone API Expands Global Team and Grows Footprint In LatAm](https://ozoneapi.com/blog/ozone-api-expands-global-team-and-grows-footprint-in-latam/): Ozone API expands its global team and footprint in Latin America, accelerating open banking adoption across the region. - [Ozone API Hires New Head of Product To Lead Open Finance Development](https://ozoneapi.com/blog/ozone-api-hires-new-head-of-product-to-lead-open-finance-development/): Ozone API hires a new Head of Product to lead open finance development, driving innovation in financial technology. - [Fintech Without Frontiers Joins With Ukrainian Finance Associations To Create United Front](https://ozoneapi.com/blog/fintech-without-frontiers-joins-with-ukrainian-finance-associations-to-create-united-front/): Fintech Without Frontiers partners with Ukrainian finance associations to create a united front for innovation and resilience. - [Q&A with Navneet Karnani: Ozone API’s Mentorship & Internship Program in India](https://ozoneapi.com/blog/qa-with-navneet-karnani-ozone-apis-internship-program-in-india/): A Q&A with Navneet Karnani on Ozone API’s internship program in India, fostering the next generation of fintech innovators. - [Ozone API and Yapily Partner To Cut Risk of Two-Tier Payment Market For Banks](https://ozoneapi.com/blog/ozone-api-and-yapily-partner-to-cut-risk-of-two-tier-payment-market-for-banks/): Discover how Ozone API and Yapily partner to reduce risks in the two-tier payment market, empowering banks with open banking tools. - [Will open finance be the catalyst for an Inclusion Revolution?](https://ozoneapi.com/blog/will-open-finance-be-the-catalyst-for-an-inclusion-revolution/): Will open finance be the catalyst for an inclusion revolution? Ozone API explores its potential impact on global markets. - [Why flexible working and WFH works for Ozone API](https://ozoneapi.com/blog/why-flexible-working-and-wfh-works-for-ozone-api/): Discover why flexible working and WFH are successful at Ozone API, supporting productivity and work-life balance. - [Finerio Connect, Ozone API and Visa Collaborate to Facilitate Open Banking for Financial Institutions
in Latin America & the Caribbean](https://ozoneapi.com/blog/finerio-connect-ozone-api-and-visa-collaborate-to-facilitate-open-banking-for-financial-institutionsin-latin-america-the-caribbean/): Learn how Ozone API, Visa, and Finerio Connect collaborate to advance open banking in Latin America and the Caribbean. - [Meet Isla Humphreys, Project Manager at Ozone API](https://ozoneapi.com/blog/meet-isla-humphreys-project-manager-at-ozone-api/): Get to know Isla Humphreys, Project Manager at Ozone API, and learn about her role in driving open banking innovation. - [Fintech Without Frontiers Seeks Career Opportunities For Ukrainian Refugees](https://ozoneapi.com/blog/fintech-without-frontiers-seeks-career-opportunities-for-ukrainian-refugees/): Fintech Without Frontiers seeks career opportunities for Ukrainian refugees, supporting them with meaningful employment in fintech. - [Ozone API Launches ‘Beyond Compliance’ Open Banking Solutions](https://ozoneapi.com/blog/ozone-api-launches-beyond-compliance-open-banking-solutions/): When standard compliance isn't enough, banks turn to Ozone. We go beyond Open Banking compliance and help drive strategic and commercial decisions. - [Winners of world’s first open banking variable recurring payments hackathon announced](https://ozoneapi.com/blog/winners-of-worlds-first-open-banking-variable-recurring-payments-hackathon-announced/): Winners of the world’s first open banking VRP hackathon, powered by Ozone API, are announced, showcasing innovative solutions. - [Ozone API Announces Partnership with StormPay an Embedded Finance Platform](https://ozoneapi.com/blog/ozone-announces-partnership-with-stormpay-an-embedded-finance-platform/): Ozone API announces a partnership with StormPay, an embedded finance platform, driving innovation in open banking solutions. - [Building an open standard](https://ozoneapi.com/blog/building-an-open-standard/): Learn about the importance of open standards in driving global financial innovation, as Ozone API champions interoperability in the open banking ecosystem. - [Ozone API is proud to power the world's first Open Banking VRP Hackathon](https://ozoneapi.com/blog/ozone-are-proud-to-power-the-worlds-first-open-banking-vrp-hackathon/): Ozone API powers the world's first open banking Variable Recurring Payments (VRP) hackathon, showcasing cutting-edge solutions. - [The world’s first Open Banking Variable Recurring Payments Hackathon](https://ozoneapi.com/blog/the-worlds-first-open-banking-variable-recurring-payments-hackathon/): The world's first open banking VRP hackathon, powered by Ozone API, demonstrates the future of automated payments. - [Ozone API and NETinfo collaborate to provide complete Open Banking solutions](https://ozoneapi.com/blog/ozone-and-netinfo-collaborate-to-provide-complete-open-banking-solutions/): Ozone API partners with Netinfo to deliver comprehensive open banking solutions, enhancing financial services globally. - [Monese explains why Open Banking is much more than just a compliance exercise and the huge potential it represents for their customers](https://ozoneapi.com/blog/monese-explains-why-open-banking-is-much-more-than-just-a-compliance-exercise-and-the-huge-potential-it-represents-for-their-customers/): Monese discusses the potential of open banking beyond compliance, highlighting opportunities for enhancing customer experiences. --- ## Awards - [Fintech Awards London](https://ozoneapi.com/awards/fintech-awards-london/) - [Made in the UK, Sold to the World](https://ozoneapi.com/awards/made-in-the-uk-sold-to-the-world/) - [Breakthrough Culture](https://ozoneapi.com/awards/breakthrough-culture/) - [Best International Fintech In India](https://ozoneapi.com/awards/best-international-fintech-in-india/) - [The Ted Sidgwick Pioneer Award  - Chris Michael, Open Banking Expo Awards 2024](https://ozoneapi.com/awards/the-ted-sidgwick-pioneer-award-chris-michael-open-banking-expo-awards-2024/) - [Women in Open Banking: Rising Star Award - Alfiya Khan, Open Banking Expo Awards 2024](https://ozoneapi.com/awards/women-in-open-banking-rising-star-award-alfiya-khan-open-banking-expo-awards-2024/) - [Best Open 
Banking API](https://ozoneapi.com/awards/best-open-banking-api/) - [Previous achievements](https://ozoneapi.com/awards/previous-achievements/) --- ## Podcasts - [Industry coalition pushes digital IDs, Phase 2 of Saudi open banking, new Singapore anti-fraud powers](https://ozoneapi.com/podcast/industry-coalition-pushes-digital-ids-phase-2-of-saudi-open-banking-new-singapore-anti-fraud-powers/): Join hosts Kate Moody and Dave Morris, along with guests Ezechi Britton (CEO of the Centre for Finance, Innovation and Technology), Becky O’Connor (Director of Public Affairs at PensionBee) and Chris Michael (Co-founder and CEO at Ozone API) discuss the biggest fintech and financial services news of the week. - [EMPOWERING FINTECH INCLUSION: CLAIRE SEYDOUX ON CAREERS AND DIVERSITY](https://ozoneapi.com/podcast/empowering-fintech-inclusion-claire-seydoux-on-careers-and-diversity/): Claire Seydoux, Client Success Lead at Ozone API, shares her extensive career journey, her transition from a large corporation to a smaller fintech company, and her passionate advocacy for inclusion in the workplace. - [Mr. Open Banking](https://ozoneapi.com/podcast/mr-open-banking/): The Mr. Open Banking podcast, hosted by Eyal Sivan Ozone API's GM for North America, aims to chart the course of the open banking movement. - [Ozone API, 3 Years On: Growth, Expansion and an £8.5M Investment | FFTV with Huw Davies, Ozone API](https://ozoneapi.com/podcast/ozone-api-3-years-on-growth-expansion-and-an-8-5m-investment-fftv-with-huw-davies-ozone-api/): Toby Babb recently welcomed our CEO, Huw Davies, onto an episode of Harrington Starr's FinTech Focus to discuss expansion, transformation and company culture. - [News: Starling banks on Engine for growth](https://ozoneapi.com/podcast/news-starling-banks-on-engine-for-growth/): Ozone CEO, Chris Michael, joins 11:FS hosts Benjamin Ensor, Kate Moody, and other esteemed guests to discuss the latest fintech, financial services, and banking news. - [Katie Hayes - Open Banking Innovation and championing DE&I at Ozone API](https://ozoneapi.com/podcast/katie-hayes-open-banking-innovation-and-championing-dei-at-ozone-api/): Katie Hayes, Head of Marketing at Ozone API, discusses the importance of DEI in creating transformative industry cultures and shares insight into Ozone API's inclusive practices that enhance both their team environment and marketing strategies. - [The global state of Open Finance](https://ozoneapi.com/podcast/the-global-state-of-open-finance/): Ozone API’s co-chief executive officer Huw Davies and newly-appointed chair Dame Jayne-Anne Gadhia join Ellie Duncan on Open Banking Expo Unplugged to discuss the global state of the Open Banking and Open Finance movement, from Latin America, to MENA and the UK. In light of Ozone API’s recent funding round, they reveal its plans for expansion into North America, and beyond, and Dame Jayne-Anne talks about her recent appointment as chair. - [FDATA Spotlight with Eyal Sivan, Ozone API GM for North America and Mr. Open Banking host](https://ozoneapi.com/podcast/fdata-spotlight-with-eyal-sivan-ozone-api-gm-for-north-america-and-mr-open-banking-host/): FDATA put the spotlight on Ozone API, diving into the open banking movement with our very own Eyal Sivan. A must-watch for anyone interested in the evolving landscape of fintech. - [ Is Open Banking a Failure?](https://ozoneapi.com/podcast/is-open-banking-a-failure/): Chris Michael, Ozone API Co-CEO discusses the challenges, disappointments, and potential for growth in open banking. - [Open Banking Expo Unplugged](https://ozoneapi.com/podcast/open-banking-expo-unplugged/): Chris and Huw reveal how they came to create the UK’s Open Banking Standard and offer up their predictions for... - [The FML Podcast](https://ozoneapi.com/podcast/the-fml-podcast/): Revolutionising Fintech with Open Finance With Huw Davies and Chris Michael, Co Founders at Ozone API - [Purpose Driven Fintech Podcast with Monica Millares](https://ozoneapi.com/podcast/purpose-driven-fintech-podcast-with-monica-millares/): What is open banking, open finance and open data, and how it will change the world | Huw Davies, Co-founder... --- ## Press - [Ozone API Wins 'Made in the UK, Sold to the World' Award](https://ozoneapi.com/press/ozone-api-wins-made-in-the-uk-sold-to-the-world-awards/) - [Ozone API and Plaid Partnership Set to Transform Open Banking in North America](https://ozoneapi.com/press/ozone-api-and-plaid-partnership-set-to-transform-open-banking-in-north-america/) - [Who will really win the race to Open Banking? America vs Canada](https://ozoneapi.com/press/who-will-really-win-the-race-to-open-banking-america-vs-canada/) - [Verification Of Payee: Ozone API's guide for banks and PSPs](https://ozoneapi.com/press/verification-of-payee-ozone-apis-guide-for-banks-and-psps/) - [Ozone API on the sprint to commercialize A2A payments](https://ozoneapi.com/press/the-sprint-to-commercialize-a2a-payments/) - [Ozone API Launches Industry-First Tool for US Banks to Calculate the Cost of Open Banking Implementation](https://ozoneapi.com/press/ozone-api-launches-industry-first-tool-for-us-banks-to-calculate-the-cost-of-open-banking-implementation/) - [Ozone API announced as a UK most loved company to work for](https://ozoneapi.com/press/ozone-api-announced-as-a-uk-most-loved-company-to-work-for/) - [UK government scraps the Payment Systems Regulator and merges it into the Financial Conduct Authority](https://ozoneapi.com/press/uk-government-scraps-the-payment-systems-regulator-and-merges-it-into-the-financial-conduct-authority/) - [UAE ‘Financial Infrastructure Transformation Programme’ is ‘85 per cent’ complete](https://ozoneapi.com/press/uae-financial-infrastructure-transformation-programme-is-85-per-cent-complete/) - [How Engine by Starling and Ozone API are driving banking innovation in the UK and beyond](https://ozoneapi.com/press/how-engine-by-starling-and-ozone-api-are-driving-banking-innovation-in-the-uk-and-beyond/) - [The Best Open Finance Platforms in 2024](https://ozoneapi.com/press/guide-to-the-best-open-finance-platforms-in-2024/) - [Ozone API listed in the top 10 Fintech companies in the UAE](https://ozoneapi.com/press/ozone-api-listed-in-the-top-10-fintech-companies-in-the-uae/) - [CRIF and Ozone API join forces](https://ozoneapi.com/press/crif-and-ozone-api-join-forces/) - [Actions for the New UK Government](https://ozoneapi.com/press/actions-for-the-new-uk-government-the-open-data-economy/) - [ENGINE BY STARLING PARTNER WITH OZONE API](https://ozoneapi.com/press/engine-by-starling-integrates-ozone-api-into-saas-solution/) - [The Paypers Global Fintech Investments Review: Q1 2024](https://ozoneapi.com/press/the-paypers-global-fintech-investments-analysis-q1-2024/): The Paypers took a deep dive into the most relevant investments announced during Q1 2024. They reveal a surge in funding for companies operating in Europe, the UK, North America, and Latin America. - [Ozone API and Thistle Initiatives Help Banks Get Ahead of PSD3](https://ozoneapi.com/press/ozone-api-and-thistle-initiatives-to-help-banks-get-ahead-of-psd3/) - [Em Conversa: Open Banking and Finance With Huw Davies](https://ozoneapi.com/press/em-conversa-open-banking-and-finance-with-huw-davies-co-founder-and-ceo-at-ozone-api/) - [Former Virgin Money CEO Appointed Board Chair at Ozone API](https://ozoneapi.com/press/game-changer-alert-fintech-giant-taps-former-virgin-money-ceo-as-board-chair/) - [Open Banking Market Update](https://ozoneapi.com/press/open-banking-market-update/) - [Eyal Sivan Joins Ozone API to Spearhead Open Banking in North American](https://ozoneapi.com/press/eyal-sivan-joins-ozone-api-to-spearhead-north-american-push/) - [Ozone API and CLOWD9 Partner](https://ozoneapi.com/press/ozone-api-partners-with-clowd9/) - [Ozone API raises £8.5mn Series A round Funding](https://ozoneapi.com/press/ozone-api-raises-8-5mn-series-a-round-to-accelerate-global-expansion/) - [Ozone API partners with 10x Banking to boost Open Banking compliance](https://ozoneapi.com/press/ozone-api-partners-with-10x-banking-to-speed-up-banks-open-banking-compliance/) - [UK Government urged to accelerate Smart Data Reforms for economic growth and global competitiveness](https://ozoneapi.com/press/urgent-call-for-uk-government-to-accelerate-smart-data-reforms-for-economic-growth-and-global-competitiveness/) - [Saudi fintech sector gets boost following Financial Academy Forum](https://ozoneapi.com/press/saudi-fintech-sector-gets-boost-as-5-mous-inked-at-financial-academy-forum/) - [The roadmap to Open Finance](https://ozoneapi.com/press/plotting-out-the-roadmap-to-open-finance/) - [Will Smart Data reforms help UK businesses thrive?](https://ozoneapi.com/press/is-the-smart-data-reforms-what-uk-businesses-need-to-thrive/) - [Developing The World’s First Open Banking Standard](https://ozoneapi.com/press/building-the-worlds-first-open-banking-standard/) - [How Variable Recurring Payments Could Create Two-Tier Market](https://ozoneapi.com/press/cco-at-ozone-api-explains-how-variable-recurring-payments-could-create-two-tier-market/) - [Ozone API partner with Smart Data Foundry](https://ozoneapi.com/press/ozone-api-partners-with-smart-data-foundry/) - [The Future of Fintech in the UK](https://ozoneapi.com/press/the-future-of-fintech-in-the-uk-2023-a-special-edition-for-uk-fintech-week-2023-and-ifgs-2023/) - [Retail Banker International Forecasts Ozone API](https://ozoneapi.com/press/2023-rbi-forecasts-ozone-api/) - [Open banking five years on: The journey from open finance to open everything](https://ozoneapi.com/press/open-banking-year-five-the-journey-from-open-finance-to-open-everything/) --- ## Standards - [CBUAE](https://ozoneapi.com/the-global-open-data-tracker/library/cbuae/): The standard that supports the implementation of Open Finance in the UAE. - [The Jordan Open Finance Standards](https://ozoneapi.com/the-global-open-data-tracker/library/the-jordan-open-finance-standards/): The Jordan Open Finance Standards aim to simplify and streamline the workflow models within the financial industry. - [Open Banking in Nigeria](https://ozoneapi.com/the-global-open-data-tracker/library/open-banking-in-nigeria/): The Central Bank of Nigeria (CBN), released the operational guidelines as part of the country's framework to promote data sharing across the financial system. - [SNAP](https://ozoneapi.com/the-global-open-data-tracker/library/snap/): Bank Indonesia's payment standard, which includes a balance inquiry standard, allowing real time balance information, transaction histories and bank statements. - [Open API Framework for Hong Kong](https://ozoneapi.com/the-global-open-data-tracker/library/open-api-framework-for-hong-kong/): The Open API Framework for the Hong Kong Banking Sector focusing on retail banking operations. - [NextGenPSD2](https://ozoneapi.com/the-global-open-data-tracker/library/nextgenpsd2/): The Berlin Group is made up of participants in the payments industry from both eurozone and surrounding countries, with the aim of defining open standards in the interbanking domain between the creditor bank and the debtor bank, and to help compliance with PSD2 regulation. - [UK Open Banking Standard](https://ozoneapi.com/the-global-open-data-tracker/library/the-open-banking-standard/): Open Banking Limited (OBL) publishes and maintains the UK's Open Banking standard, supervises the UK's Open Banking ecosystem, and provides assistance in the form of information-sharing platforms, certification, as well as managing disputes and complaints. It is open to all account providers and covers all online payment accounts. - [Swiss NextGen API](https://ozoneapi.com/the-global-open-data-tracker/library/swiss-nextgen-api/): The Swiss NextGen API is the adapted version of the Berlin Group’s NextGenPSD2 XS2A Framework. - [STET PSD2 API](https://ozoneapi.com/the-global-open-data-tracker/library/stet-psd2-api/): STET was created by a group of major French banks to undertake the development of a new platform that would meet the transformation and challenges the payments industry was set to undergo with the standard created according to PSD2. - [KSA Open Banking Framework](https://ozoneapi.com/the-global-open-data-tracker/library/ksa-open-banking-standard/): The framework that supports the implementation of Open Banking in the Kingdom of Saudi Arabia. - [Slovak Banking API Standard](https://ozoneapi.com/the-global-open-data-tracker/library/slovak-banking-api-standard/): The Slovak Banking Association implementation of API focused on compliance with PSD2 guidelines and security. The Slovak Banking API Standard (SBAS) is an open standard that covers all banks operating in the country and defines secure communication between the banks and third-party providers based on PSD2 requirements. - [Bahrain Open Banking Framework - Bahrain OBF](https://ozoneapi.com/the-global-open-data-tracker/library/bahrainobf/): The framework that supports the implementation of Open Banking in Bahrain. - [India Stack](https://ozoneapi.com/the-global-open-data-tracker/library/india-stack/): India Stack is the collective name for different technology products and frameworks: the digital identity infrastructure, the digital documents system, and the United Payments Interface (UPI) payment system across multiple bank accounts and the account aggregator framework. - [Japan Open Banking Framework](https://ozoneapi.com/the-global-open-data-tracker/library/japan-open-banking-framework/): Revision of the Banking Act in Japan mandated an Open Banking environment. The Financial Services Agency (FSA) controls the regulatory framework of electronic payment service providers. - [Singapore Financial Data Exchange - SGFinDex](https://ozoneapi.com/the-global-open-data-tracker/library/singapore-financial-data-exchange-sgfindex/): SGFinDex allows an individual to retrieve and share their financial data, whether from government agencies or banks, and then pass that information on to other organisations, such as banks. Access is via the Singaporean national digital identity, SingPass. - [Financial Data Exchange API - FDX](https://ozoneapi.com/the-global-open-data-tracker/library/financial-data-exchange-api-fdx/): The framework that supports the implementation of Open Banking in North America (United States of America and Canada). - [Polish API](https://ozoneapi.com/the-global-open-data-tracker/library/polish-api/): The PolishAPI was created in response to the EU's PDS2 directive by the Polish payment sector (banks and non-banking entities). It focuses on defining the interface enabling third parties to access payment accounts. - [Czech Standard for Open Banking - COBS](https://ozoneapi.com/the-global-open-data-tracker/library/czech-standard-for-open-banking-cobs/): The Czech Banking Association’s Open Banking response to the EU’s PSD2 directive. - [Payments NZ](https://ozoneapi.com/the-global-open-data-tracker/library/payments-nz/): Payments NZ developed the API Centre standards in consultation with the New Zealand government. - [Consumer Data Standards - CDS](https://ozoneapi.com/the-global-open-data-tracker/library/consumer-data-standards-cds/): CDS has been developed as part of the Australian Government’s introduction of the Consumer Data Right legislation to give Australians greater control over their data across different sectors, starting with banking, energy and telecommunications. - [Open Finance Brasil](https://ozoneapi.com/the-global-open-data-tracker/library/open-finance-brasil/): Open Banking or Open Financial System is an initiative of the Central Bank of Brazil. They aim to bring innovation to the financial system, promote competition, and improve the offering of financial products for the consumer. - [Open Banking Platform](https://ozoneapi.com/the-global-open-data-tracker/library/open-banking-platform/): A single platform for executing both inquiry and transfer APIs in South Korea. - [Bank Interfaces for Standardized Payments - BISTRA](https://ozoneapi.com/the-global-open-data-tracker/library/bank-interfaces-for-standardized-payments-bistra/): The standard has been developed to incorporate the Berlin Group's PSD2 Access to Bank Accounts (XS2A) specification with the Bulgarian standards which include specific local money transfers. --- ## Success stories - [Driving banking innovation in the UK and beyond with Engine by Starling](https://ozoneapi.com/success-story/driving-banking-innovation-in-the-uk-and-beyond-with-engine-by-starling/): Many traditional banks struggle to adopt Open Banking due to legacy systems that are difficult to integrate with modern APIs,... --- ## Media mentions - [Brazil-UK Fintech Forum | Panel 4: Adapting Products and Services to Local Markets](https://ozoneapi.com/media-mention/brazil-uk-fintech-forum-panel-4-adapting-products-and-services-to-local-markets/) - [UK government scraps the Payment Systems Regulator and merges it into the Financial Conduct Authority](https://ozoneapi.com/media-mention/uk-government-scraps-the-payment-systems-regulator-and-merges-it-into-the-financial-conduct-authority/) - [Chris Michael | Web Summit Qatar 2025](https://ozoneapi.com/media-mention/chris-michael-web-summit-qatar-2025/) - [How Can Fintechs Ensure Traditional Financial Service Providers Place More Emphasis on Inclusivity?](https://ozoneapi.com/media-mention/how-can-fintechs-ensure-traditional-financial-service-providers-place-more-emphasis-on-inclusivity/) - [Ozone API: Inside the US’ approach to Open Banking](https://ozoneapi.com/media-mention/ozone-api-inside-the-us-approach-to-open-banking/) - [Can the Labour government break the UK’s open banking deadlock?](https://ozoneapi.com/media-mention/can-the-labour-government-break-the-uks-open-banking-deadlock/) - [Mr. Open Banking Podcast - Season 5](https://ozoneapi.com/media-mention/mr-open-banking-podcast/) - [Who Wins and Who Loses? Unpacking the CFPB's Section 1033 Ruling](https://ozoneapi.com/media-mention/who-wins-and-who-loses-unpacking-the-cfpbs-section-1033-ruling/) - [Open Banking Forum at FinTech LIVE London 2024](https://ozoneapi.com/media-mention/open-banking-forum-at-fintech-live-london-2024/) - [News: Industry coalition pushes digital IDs, Phase 2 of Saudi open banking, new Singapore anti-fraud powers](https://ozoneapi.com/media-mention/news-industry-coalition-pushes-digital-ids-phase-2-of-saudi-open-banking-new-singapore-anti-fraud-powers/) - [Supercharging the Open Data Economy: Priorities for the New UK Government](https://ozoneapi.com/media-mention/supercharging-the-open-data-economy-priorities-for-the-new-uk-government/) - [Open Banking Expo Canada 2024: Eyal Sivan, General Manager, North America, Ozone API](https://ozoneapi.com/media-mention/open-banking-expo-canada-2024-eyal-sivan-general-manager-north-america-ozone-api/) - [Ep.04 - Katie Hayes - Open Banking Innovation and championing DE&I at Ozone API](https://ozoneapi.com/media-mention/ep-04-katie-hayes-open-banking-innovation-and-championing-dei-at-ozone-api/) - [Is Open Banking a Failure?](https://ozoneapi.com/media-mention/is-open-banking-a-failure/) - [12 Steps to Starting your ESG Strategy](https://ozoneapi.com/media-mention/12-steps-to-starting-your-esg-strategy/) --- # # Detailed Content ## Pages --- --- --- --- --- ## Posts Early adoption of open finance offers major advantages — but it’s not without challenges. Explore the main risks, from high initial costs to evolving standards. --- --- --- Discover the top 5 benefits of early adoption in Open Finance — from gaining first-mover advantage to unlocking new revenue streams. Learn how your institution can lead, innovate, and shape the future of financial services. --- --- Discover how to build a successful open finance strategy with this actionable guide. Learn to engage your board, define your roadmap, and design an API-led operating model. Download the full paper now. --- Discover how eight countries are progressing beyond open banking into open finance. From Brazil to the UK, explore global adoption trends, regulatory frameworks, and why early adoption opens new opportunities for innovation in financial services. --- Ozone API and ClearBank announce a strategic multinational partnership to deliver open banking APIs that meet the highest global standards. This collaboration supports ClearBank’s European expansion and empowers clients with scalable, future-proof open finance solutions. --- 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. --- Got questions about Verification Of Payee (VOP) compliance? Get expert answers on the timeline, implementation challenges, and how VOP can help prevent APP fraud. Insights from our live webinar inside! --- Discover how open finance in the Philippines can help Filipinos escape the pay-check to pay-check cycle. Learn how data-driven tools can support financial empowerment, access to credit, and long-term stability for families. --- Colombia se enfrenta a una transformación financiera clave con la transición a open finance. Explora cómo esta evolución impulsará la innovación, la inclusión financiera y el crecimiento económico, ofreciendo nuevas oportunidades para consumidores y empresas, mientras fortalece el ecosistema bancario del país. --- Discover how the FCA’s new 5-year strategy is shaping the future of open banking and open finance in the UK. Explore their roadmap, priorities, and what it means for consumers, fintechs, and the wider financial ecosystem. --- Discover how open banking could help transform financial inclusion in Africa. Explore key developments, challenges, and opportunities driving innovation and economic empowerment. --- VOP is a new EPC initiative to enhance payment security in the SEPA zone. With the October 2025 deadline approaching, Ryan Waters of Ozone API explains how VOP works and how businesses can stay compliant. --- 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. --- The 'Race to the Future: Open Finance PH Hackathon,' event united innovators to drive financial inclusion in the Philippines. From retirement tools to financial health apps, this event highlighted open finance’s potential to reshape financial services for a more inclusive future. --- We’re featuring Charlotte Livingston, our Global Head of People. Charlotte shares her experience and advice on embracing global diversity, how companies can thrive even when teams are spread across time zones, and how to retain top talent, plus lots more. --- Explore why global interoperability is essential for Open Finance, addressing the need for standardised regulations, security standards, and infrastructure to overcome regional fragmentation and fully realise its benefits. --- Simon Blundell transitioned from journalism to bid management, where he now leads bid services at Ozone API. He chats to us about collaboration, research, and how he sees AI as a future aid in simplifying the process. --- Eyal Sivan speaks to Simon Torrance, CEO and Founder of Embedded Finance & Insurance Strategies, to discuss how open banking, real-time payments, and agentic A.I. will help fill the gap between financial needs and financial services. --- We speak to our Partnership Success Manager, Carol Heath, about her role, exciting trends in open banking, the challenges partners face, and how Ozone API supports global growth, plus lots more. --- We look at how open banking and financial awareness are interconnected, and how by leveraging these concepts, banks can build trust, drive financial inclusion, and secure a competitive advantage in the evolving financial landscape. --- On July 25th 2024, we marked the opening of our new India office with a heartfelt inauguration, showcasing our hard work, creativity, and determination. --- In 2023, the CFPB proposed rules to implement Section 1033 of the Dodd-Frank Act. This article explores the new measures, security requirements and their implications for consumers, fintechs, and financial institutions. --- Explore the history of open banking, from its origins to its global impact. Learn how regulatory changes and technology have shaped financial services. --- We explore how open finance is simplifying financial management for young adults and helping them achieve their financial goals. --- Eyal Sivan, aka Mr Open Banking, and Jamie K Leach, Data Strategist at Raidiam, speak about the origins of Australia’s Consumer Data Right regulation and its significance for the future of open data. --- The UK open banking standard version 4.0 has been released. Here's your guide to what the changes include, deadlines, impacts and support. --- Get the insiders scoop on what the hot topics were at Open Banking Expo Canada this year with Eyal Sivan, host of Mr. Open Banking and GM for North America at Ozone API. --- We speak to Chris Wood, Ozone API's Principal Architect, about his role, his hobbies and the ways in which open finance needs to development in the coming years. --- John Pitts and Eyal Sivan discuss a new era of open banking, taking open banking to the next level in the United States, and what’s in the open banking pipeline for the U.S. --- We speak to Ozone APIs Software Engineer Alfiya Khan about her goals, hobbies and how her career has evolved. --- We do a dive into the CMA9, the UK's largest 9 banks who are vital in influencing UK banking and Open Banking. --- This edition of our Employee Spotlight series features Jessica Kulkarni, Ozone API's Office Administrator based in our Pune office. --- We identify and evaluate exciting open banking movements in different African markets, and look at what experts in that regions have to say. --- --- Ozone API colleagues complete 2,918km during charity fundraiser for The Money Charity. --- Eyal Sivan talks about the history and future of open banking in Canada, as well as how Canadian banks can benefit from embracing open banking. --- Abraham A. Tachjian and Eyal Sivan discuss the past, present and future of Open Banking in Canada. --- --- When it comes to open banking there’s a huge community who are keen to share their knowledge and expertise - here's where to find them. --- Open banking facilitates the secure sharing of financial data. Read our comprehensive guide to learn everything Open Banking. --- At Ozone API we cherish the vibrant spirit of Holi festival, which serves as a symbol of unity and togetherness, transcending all boundaries. Here's a glimpse of the festive fervour as seen in Ozone API India. --- Ozone API’s Co-CEO Chris Michael recaps on the Financial Academy’s recent Open Banking Hackathon. Find out why Ozone API were involved, the revolutionary fintech ideas that stood out, and why the event is such an important milestone in the Kingdom of Saudi Arabia's open banking journey. --- Ozone API employees volunteer at a school in India as part of Magical Gullak innovative, offering lessons on financial literacy. --- --- --- Ozone API, a leading technology company specialising in open banking solutions, is excited to announce the appointment of Eyal Sivan as the new General Manager for North America. --- Ozone API and CLOWD9 have entered into a global strategic partnership, combining CLOWD9’s industry leading payments processing platform with Ozone API’s world class open banking services. --- Ozone API, the open banking API platform founded by the team that designed open banking in the UK, today announced that it has raised a £8.5mn Series A round to fund its continued global expansion. --- --- 10x Banking (10x), the transformational cloud-native SaaS core banking platform, and Ozone API, the leading provider of compliant open banking API technology, have partnered to simplify the delivery of open banking APIs for banks globally. --- --- --- Ozone API's Head of Marketing, Katie Hayes, writes about how shaping we're shaping our company culture and what we’re learning along the way. --- As the insurance industry in Brazil embraces the advent of open insurance regulations, companies are facing the challenge of ensuring compliance with complex requirements. Developing and managing an in-house open insurance solution can be overwhelming, diverting valuable attention from core business activities. However, there exists a solution to simplify this process: Ozone API. In partnership with Tecban, Ozone API offers a transformative open insurance solution. In this article, we will present four compelling reasons why Ozone API, supported by Tecban, stands as the ideal choice to ensure seamless open insurance compliance. --- --- 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. --- --- Here are some tips that fintech start-ups, and indeed other nascent companies, can adopt when it comes to identifying, attracting and retaining talent in these difficult times. --- Explore the current state of Open Finance in Latin America. --- Ozone APIs's General Manager for Latin America, Fabio Caldeira, highlights the Brazilian Central Bank's essential role for the local initiative which has evolved so much in two years and reinforces the importance of Brazil positioning itself as a global leader --- Open finance software leader, Ozone API, now operates seven international hubs in key regions across the world and powers the open finance infrastructure of more than 60 banks and institutions --- Open banking is now five years old in the UK. To mark this important anniversary, the founders of Ozone API reflect on their leading role in building a standard that became a blueprint for ecosystems around the world. --- Ozone API and TecBan have provided more than 20 banks with the tools they need to implement standards-compliant open finance APIs and create new revenue streams. --- Ozone API's three co-founders Chris Michael, Huw Davies and Freddi Gyara share their top seven predictions for open finance in 2023. --- Ozone API has expanded its global team with a key new hire which will strengthen its presence in the LatAm region. Fabio Caldeira joins Ozone API as General Manager for the LatAm region. --- Ozone API, developer of the leading standards-based open API software for Open Banking, is delighted to announce the appointment of Evghenii Malevanchuk as Head of Product. --- Fintech without Frontiers (FWF) initiative today moves to a new phase of its mission to support Ukrainian fintech and talent, announcing a partnership with the leading financial associations of Ukraine. --- We spoke to Navneet Karnani, Head of Engineering at Ozone API, about the mentorship and internship program he started earlier this year. As the first official team member in India, he shares his journey from working through the COVID-19 pandemic to the exciting growth trajectory of the India office and the next generation of Ozonians. --- Open Banking and Open Finance pioneers launch proposition that gives banks all the tools to deliver Variable Recurring Payments (VRPs) --- Ozone API Co-founder and CCO, Huw Davies, believes that we are about to experience an inclusion revolution with major benefits for both financial institutions and tens of millions of people. Read on to find out why. --- At Ozone API we've had a flexible working approach from day one. We asked our fellow Ozonians to share their experiences of flexible working and the benefits of working from home (WFH) and this is what they had to say. --- Finerio Connect, a Mexican fintech, together with Ozone API and Visa announce their collaboration to support financial institutions in Latin America & the Caribbean to navigate open banking. --- Isla Humphreys was one of the first UK team members at Ozone API. She makes things happen and has been integral to the company's growth across marketing, operations, DevOps and HR. Isla is excited about what's to come for the business and her career as a Project Manager. --- Industry initiative will support displaced people by connecting them with opportunities in the fast-growing fintech sector. It is looking for participants from the tech industry to join the collective and help match growth opportunities with talent displaced by conflict. --- Ozone API, developer of the leading standards-based software for open banking and open finance, has launched a suite of solutions that enable banks to move beyond compliance and convert their APIs into more strategic and commercial channels. --- Ozone API, Open Future World, and UK Finance are delighted to announce the winners of the world’s first variable recurring payments hackathon. The six week event, sponsored by Accenture, Mastercard, Volt and Worldpay from FIS, was an opportunity for developers, banks, payment initiation service providers and tech platforms to demonstrate potential use cases and propositions that open banking VRPs can deliver. --- --- A brief history of how the UK open banking standard was created by the industry, for the industry, open by design and open source. --- In partnership with UK Finance, Open Future World, MasterCard, Worldpay, Accenture and Volt, Ozone is launching the world's first VRP Hackathon to help demonstrate the potential of open banking payments and the power that will be unlocked by this game changing functionality. --- --- Ozone, the open banking accelerator, and NETinfo, a pure omnichannel provider, enter a partnership to aid financial institutions to achieve their open banking and open finance vision. --- As different regions are adopting their own open banking standards, delivering open APIs has gained extra layers of complexity. We believe open banking doesn’t have to be complex. --- --- ## Awards --- ## Podcasts --- ## Press --- ## Standards --- --- ## Success stories Many traditional banks struggle to adopt Open Banking due to legacy systems that are difficult to integrate with modern APIs, high costs of infrastructure overhauls, and complex regulatory requirements. These challenges limit their ability to offer seamless, innovative digital services, leaving them behind in an increasingly API-driven financial landscape. --- --- ## Media mentions ---