Resources

Report: Unleashing the potential of open banking

Open banking is now a global phenomenon and is starting to drive a major transformation in financial services.

At Ozone API, we’ve been leading the open banking charge from the very beginning with our founding team having led the development of the UK open banking standards and driven the ecosystem growth.

As such we were delighted to be asked by the Payments Association to help author this exciting new white paper, supported by a syndicate of sponsors including MasterCard, Refinitiv, Token and Chargebacks 911.

The report aims to be a ‘rallying cry’ to the payments industry, from issuers and regulators, retailers and acquirers, regulators and third-party providers to help unlock the significant opportunity that open banking offers.

Read the report: https://www.emergingpayments.org/article/unleashing-the-potential-of-open-banking/

Huw Davies, Chief Commercial Officer and Co-founder, Ozone Financial Technology, said:

“Open banking is now a global phenomenon and has the potential to dramatically transform the payments industry. It’s still early in the journey, and therefore the perfect moment to look at learnings from around the world. He added, “specifically, we should identify areas where we can accelerate the opportunity, increase value for payment users and create the foundations for interoperability and significant scale. It’s been a real privilege to help author this important white paper.”

Tony Craddock, Director General of the Emerging Payments Association, said:

“This report is a case study showing collaboration in action. And that’s at the heart of open banking. Readers across the world can use it as a guide, as a series of checklists, drawing on what works – and what can go wrong. It will help accelerate the adoption of a common approach and common standards, and as a result, help make payments work for all.”

Recommended articles

Resources

Top 8 Tips for Banks and FIs to consider when implementing Open Banking

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
03, May 2023
Resources Insights

The Status of Open Finance in Latin America

Explore the current state of Open Finance in Latin America.

Ozone API
22, Mar 2023
Resources Insights

White Paper – Corporate banking APIs: Opening new horizons

Huw Davies Co-Founder and Chief Commercial Officer at Ozone API has contributed to a white paper "Corporate banking APIs – opening new horizons" developed in partnership with Finastra and Accenture.

Ozone API
29, Jul 2020