Partnership between ClearBank and Ozone API aims to fuel international Open Banking expansion
ClearBank and Ozone API Join Forces to Simplify Global Open Banking Adoption
In a move aimed at streamlining the global adoption of Open Banking, ClearBank, a UK-based banking infrastructure provider, and Ozone API, a leading open banking API technology company, have formed a strategic partnership [1][2][3].
The collaboration between ClearBank and Ozone API will enable banks and financial institutions worldwide to implement open banking APIs more efficiently, while adhering to regulatory and commercial standards. ClearBank's real-time clearing services will be bolstered by Ozone API's open banking technology, providing a seamless and unified approach to open banking service delivery on a global scale.
ClearBank, with its recent expansion into Europe and securing a Dutch banking license, will leverage Ozone API’s standards-based platform, which handles the complexity of open banking requirements, making it easier for banks to offer open banking services globally [1][3]. Ozone API's technology ensures compliance with both regulatory mandates and commercial demands, a critical aspect for open banking adoption across different jurisdictions [2].
This partnership positions itself as a technological enabler for financial institutions, ranging from fintechs to traditional banks and credit unions, facilitating real-time access to regulated banking infrastructure under the umbrella of open banking protocols [3]. As a result, ClearBank's customers will be able to use open APIs that comply with UK and EU standards.
The partnership offers ClearBank's customers a scalable and future-proof approach to Open Finance, enabling them to innovate at scale, driving rapid growth. Spiros Theodossiou, the chief product and technology officer at ClearBank, and Huw Davies, the co-founder and co-chief executive officer of Ozone API, will lead the strategic alliance.
In addition, Ozone API is an Event Partner of Open Banking Expo USA on June 26 in New York and Open Banking Expo Canada on June 17 in Toronto, further demonstrating its commitment to the global open banking community.
With its proven track record in delivering Open Banking infrastructure across global markets, Ozone API will help ClearBank deliver Open Banking APIs that meet global standards, positioning both companies as key players in the rapidly evolving open banking landscape.
This strategic alliance between ClearBank and Ozone API will undoubtedly accelerate the global adoption of Open Banking, equipping financial institutions to innovate at scale and driving rapid growth.
[1] ClearBank secures Dutch banking license: https://www.clearbank.co.uk/news/clearbank-secures-dutch-banking-license/ [2] Ozone API's compliance with global open banking regulations: https://www.ozone-api.com/compliance/ [3] ClearBank and Ozone API partnership announcement: https://www.clearbank.co.uk/news/clearbank-partners-with-ozone-api-to-accelerate-the-global-adoption-of-open-banking/
- The collaboration between ClearBank and Ozone API, a leading open banking API technology company, is aimed at simplifying global Open Banking adoption.
- This partnership will allow banks and financial institutions worldwide to implement open banking APIs more efficiently while adhering to regulatory and commercial standards.
- ClearBank's real-time clearing services will be bolstered by Ozone API’s open banking technology, providing a seamless and unified approach to open banking service delivery on a global scale.
- Ozone API's technology ensures compliance with both regulatory mandates and commercial demands, a critical aspect for open banking adoption across different jurisdictions.
- With its proven track record in delivering Open Banking infrastructure across global markets, Ozone API will help ClearBank deliver Open Banking APIs that meet global standards, positioning both companies as key players in the rapidly evolving open banking landscape.
