ClearBank has partnered with technology provider Ozone API to accelerate the adoption of Open Banking around the world.
Through the partnership, ClearBank said its customers will be able to use Open Banking APIs that comply with standards and regulations in the UK and the EU.
It added that the move would give them the tools to capitalise on open finance, offering a scalable and future-proof approach.
London-based ClearBank announced plans to expand across Europe last year after securing a Dutch banking licence which allows it to offer clearing and embedded banking.
The bank said this latest partnership is a continuation of its global expansion plans.
The company added that the collaboration with Ozone API will bring opportunities to markets ripe for Open Banking acceleration well beyond PSD2 compliance.
Ozone API currently operates across global markets in Europe, the Middle East, Latin America, and North America.
“This partnership is key for us in ensuring we maximise the capabilities of our platform for our clients,” said Spiros Theodossiou, chief product and technology officer at ClearBank. “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.”
Latest News
-
Monzo rolls out undo payment tool in ‘industry-first’
-
Bank of America to open more than 150 new branches by 2027
-
ClearBank partners with Ozone API to accelerate Open Banking adoption
-
Zopa announces £80m fundraise
-
Lloyds Bank completes ‘landmark digital transactions’ in secondary market
-
Stash raises $146m to develop AI investment advisor
Beyond compliance: Transforming document management into a strategic advantage for financial institutions
In this exclusive fireside chat, John Rockliffe, Pre-Sales Manager at d.velop, discusses the findings of Adapting to a Digital-Native World: Financial Services Document Management Beyond 2025 and explores how FSIs can turn document workflows into a competitive advantage.
Sanctions evasion in an era of conflict: Optimising KYC and monitoring to tackle crime
The ongoing war in Ukraine and resulting sanctions on Russia, and the continuing geopolitical tensions have resulted in an unprecedented increase in parties added to sanctions lists.
Achieving operational resilience in the financial sector: Navigating DORA with confidence
Operational resilience has become crucial for financial institutions navigating today's digital landscape riddled with cyber risks and challenges. The EU's Digital Operational Resilience Act (DORA) provides a harmonised framework to address these complexities, but there are key factors that financial institutions must ensure they consider.
Legacy isn’t the enemy: what FSIs can do to keep their systems up and running
In this webinar we will examine some of the steps FSIs have already taken to rigorously monitor and test systems – both manually and with AI-powered automation – while satisfying the concerns of regulators and customers.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories