Ozone API becomes a part of Plaid's partner network, aiming at enhancing Open Banking growth in North America.
In a significant move for the Open Banking landscape, Ozone API, a global leader in open banking technology, has partnered with Plaid, a leading financial data network powering digital financial tools. This collaboration aims to significantly accelerate Open Banking adoption across North America [1][5].
The partnership sees Ozone API joining Plaid's FDX-enabled Gateway Partner Program, which will integrate Ozone API’s advanced technology within Plaid's widely adopted platform. This synergy combines Ozone API’s deep standards and technology expertise with Plaid's rich network and established infrastructure in North America, reflecting a shared commitment to innovation, regulatory compliance, and enhanced customer value in the financial landscape [2].
This collaboration is expected to strengthen the infrastructure for open banking by leveraging Ozone API’s powerful open banking capabilities with Plaid's extensive financial data network. It aims to accelerate the adoption of open banking standards across North America by bringing together two influential players with complementary expertise [1][5].
The partnership will empower fintechs, banks, and other financial institutions to securely and efficiently share financial data, fostering innovation by delivering scalable, compliant, and future-proof open finance solutions. This, in turn, will improve the digital financial experience for consumers and businesses alike [1][5].
Partners like Ozone API are ensuring that financial institutions of all sizes are secure and have the agility required in today's digital-first landscape. The partnership will enable financial institutions to launch secure, scalable, and standards-compliant API services faster than ever [6].
Ozone API and Plaid's collaboration marks a significant expansion for Open Banking capabilities. The partnership will give Ozone API's Open Banking platform access to over 12,000 financial institutions and 8,000 fintechs on Plaid's network [3].
Both Huw Davies, co-founder and CEO of Ozone API, and Christy Sunquist, head of Open Finance at Plaid, have expressed excitement about the partnership. Ozone API will be an Event Partner at the Open Banking Expo USA on June 26, in New York, with Eyal Sivan, general manager of North America at Ozone API, speaking on a Powerhouse Debate [4]. John Pitts, head of industry relations and digital trust at Plaid, will also be on stage in a Fireside Chat at the same event [7].
This partnership represents a key step in driving forward the open banking ecosystem in North America, promoting broader adoption and catalysing new digital financial products and services. It underlines Plaid's mission to unlock financial freedom for everyone.
References: [1] Ozone API Press Release: Ozone API Partners with Plaid to Accelerate Open Banking Adoption in North America [2] Plaid Press Release: Plaid and Ozone API Partner to Expand Open Banking Capabilities [3] Finextra: Ozone API partners with Plaid to expand Open Banking capabilities [4] Open Banking Expo USA: Speakers & Agenda [5] TechCrunch: Ozone API and Plaid Partner to Accelerate Open Banking Adoption in North America [6] Banking Technology: Ozone API partners with Plaid to enhance Open Banking capabilities [7] Plaid Press Release: Plaid to Lead Fireside Chat at Open Banking Expo USA 2023
- The collaboration between Ozone API and Plaid, two global leaders in open banking technology and financial data network, aims to catalyze Open Banking adoption in North America.
- Ozone API's advanced technology, through integration with Plaid's platform, will leverage Plaid's extensive financial data network, reflecting a shared commitment to innovation and regulatory compliance.
- This partnership empowers fintechs, banks, and other financial institutions to securely and efficiently share financial data, fostering innovation in the creation of scalable, compliant, and future-proof open finance solutions.
- The partnership enables Ozone API's Open Banking platform to gain access to over 12,000 financial institutions and 8,000 fintechs on Plaid's network, significantly expanding Open Banking capabilities.
- The collaboration represents a key step in driving forward the open banking ecosystem in North America, promoting broader adoption, and catalyzing new digital financial products and services, underlining Plaid's mission to unlock financial freedom for everyone.
- The partnership will be further showcased at the Open Banking Expo USA, where Eyal Sivan, general manager of North America at Ozone API, and John Pitts, head of industry relations and digital trust at Plaid, will be speaking on panels at the event.
