Temenos core banking customers can access “out of the box” compliance and beyond compliance tools from premium APIs and embedded finance. The Ozone API simplifies open banking by offering pre-built functionalities that adhere to global standards. More specifically,  it enables precise consent management, manages third parties throughout the process, and provides a seamless experience for developers and banks.

Martin Bailey, director of Innovation and Ecosystems at 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”, Bailey continued.

Ozone API is a leading provider of open API solutions for banks and financial institutions. In a previous interview for RBI, Ozone API co-founders Chris Michael, Huw Davies, and Freddi Gyara said that open banking will continue to be a big trend in the upcoming years, with open banking payments growth expected to rocket.

Open banking is becoming an increasingly popular service option among traditional banks, with NatWest leading the way for big banks in the adoption of variable recurring payments (VRPs) as of December last year.

Huw Davies, co-founder and chief commercial officer at Ozone API, also welcomed the new collaboration with Temenos Exchange.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“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”, Davies said.