Consumer & Commercial Payments
April 26, 2024
LONDON, 26 April – Ozone API, a leading provider of standards-compliant open banking API technology today announced that the Ozone API software solution is available on Temenos Exchange partner ecosystem of integrated fintech solutions.
The Ozone API is the leading open API solution for banks and financial institutions, delivering ‘out of the box’ compliance with open banking standards and regulations around the world.
Temenos core banking customers can achieve near-instant open banking and open finance compliance. The Ozone API handles the complexity of open banking with out of the box capabilities to stay up-to-date with all global standards, support fine-grained consent management, handle third parties throughout the lifecycle and deliver all of the required capabilities to deliver a great experience for both developers and the bank. Essentially, it provides everything a bank requires.
In addition, the Ozone API has a rich range of capabilities to go beyond compliance and deliver premium and value-adding APIs in order to unlock new revenue streams and drive growth.
Temenos Exchange brings innovation to market faster, and at scale. The ecosystem offers pre-integrated and approved fintech solutions that can be easily deployed on top of Temenos’ open platform for composable banking, enabling banks to accelerate the creation of new financial services, while reducing the costs of development.
Martin Bailey, Director of Innovation and Ecosystems, Temenos, said: “Temenos Exchange acts as an accelerator for fintechs and software developers, helping them develop, validate and monetize new banking solutions. Joining Temenos Exchange means Ozone API can write once and be readily available to the thousands of banks globally that run on our platform.”
Huw Davies, Co-founder and Chief Commercial Officer at Ozone API said: “We’re on a mission to help banks adapt to and thrive in the new world of open banking and remove complexity along the way. We’re really excited to join the Temenos Exchange and make it super simple for any Temenos bank to deliver great open banking APIs that comply with regulation and go beyond compliance.”
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About Ozone API
Ozone API empowers banks and financial institutions to adapt and thrive in the new world of open finance, by providing the technology to unlock the power of open finance and change the world.
The UK-based fintech is the leading standards-based open API platform, supporting all global standards and providing the tools and expertise to help banks and financial institutions create real commercial value.
With a founding team that led the development of the UK open banking standards, Ozone API continues to shape open finance around the world helping regulators, banks and technology platforms to accelerate open finance. The Ozone API powers the open banking implementations of banks and financial institutions across the world, with a strong footprint in the UK, Europe, Latam and the Middle East and clients such as Tide and Monese.
Ozone API is an active contributing member of the following standard bodies and trade associations: OpenID, Financial Data Exchange, Financial Data and Technology Association, The Payments Association and Innovate Finance.
Find out more: https://ozoneapi.com/
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Media contact for Ozone API
Becci Furnell
becci@openbankingexcellence.org
Head of Global Press Office – Open Banking Excellence (OBE)
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