ClearBank and Ozone API have formed a multi-national partnership to accelerate the global adoption of Open Banking by combining cutting-edge API technology with real-time clearing and embedded banking expertise.
The collaboration unites Ozone API’s proven track record in delivering standards-based Open Banking infrastructure across global markets, with the capabilities of the ClearBank platform, to ensure ClearBank can deliver Open Banking APIs that meet the highest global standards.
Building on ClearBank’s expansion into Europe via the Netherlands last year, and Ozone API’s global presence across Europe, the Middle East, LatAm, and North America, this partnership combines their strengths in real-time banking and Open Banking technology.
As a result, ClearBank’s customers will be able to use open APIs that comply with standards and regulations in the UK and the EU, and to capitalise on the Open Finance “opportunity”, by offering a “scalable and future-proof approach”.
Ozone API co-founder and co-CEO Huw Davies
Huw Davies, co-founder and co-chief executive officer of Ozone API said: “Working with ClearBank is an exciting development for us.
“Having already supported mutual customers, it’s fantastic to combine our technologies to create a next-generation, Open Banking-ready technology stack.”
Going beyond PSD2, the partnership equips financial institutions with the tools to innovate at scale, driving rapid growth and delivering enhanced value to their clients.
Spiros Theodossiou, chief product and technology officer at ClearBank, added: “This partnership is key for us in ensuring we maximise the capabilities of our platform for our clients.
“Collaborating with Ozone API has allowed us to do just that, not only in the UK but also in the Netherlands as we expand into Europe.”
Ozone API is an Event Partner of Open Banking Expo Canada on June 17, in Toronto, and of Open Banking Expo USA which takes place on June 26, in New York.
