The Ozone Layer: October 2024

Welcome to this month's edition of The Ozone Layer! Bringing to you updates from the exciting worlds of open banking and fintech.

NEWS

Ozone API Updates UK Open Banking Model Bank to Reflect v4.0 of the Open Banking Standard

We’re delighted to confirm that we’ve now updated the UK Open Banking Model Bank to reflect v4.0 of the Open Banking Standards for Open Banking Limited.

The Model Bank serves as a vital resource for banks, fintechs, and other TPPs in the UK, providing a safe space for them to develop and test their APIs in alignment with the new standards. Read the press release here.

NEWS

Open Banking Regulation Comes to the United States

Open banking regulation has now been officially implemented in the United States. On the 22nd October 2024, the U.S. Consumer Financial Protection Bureau announced their final Personal Financial Data Rights rule—a major step forward for the open banking ecosystem. You can find the full announcement here.

NEWS

Ozone API Join Forces with CRIF to Power Financial Inclusion

This exciting partnership with CRIF, the credit bureau reporting and business information firm, aims to drives financial inclusion by giving financial institutions the tools to offer customers a wider range of services, ultimately empowering people to make informed financial decisions. Read the press release here.

EXPERT INSIGHT

Global Interoperability

Did you see the very exciting news about our CEO, Chris Michael, being awarded by 24 Fintech for his transformative article on global interoperability? Well, we have that winning article right here for you to read. Discover why global interoperability is the key to unlocking the full potential of open finance: read the article.

EMPLOYEE SPOTLIGHT

Charlotte Livingston: Global Head of People

We spoke to Charlotte Livingston, Ozone API’s Global Head of People, about embracing global diversity, how companies can thrive even when teams are spread across time zones, and trends shaping HR. She even shares her advice on how to retain top talent. Find out what Charlotte said. ?

EXPERT INSIGHT

Open Data Priorities for the UK Government

With the new Labour Government now in place, Labour’s plans to advance open banking and open finance are promising, but time is of the essence. If the UK wants to remain competitive on the world stage, turning political will into actionable policy must be a top priority. Chris Michael, CEO of Ozone API, shares why these policies are significant, the hurdles ahead and the value of investing in smart data. Read the article here.

Mr. Open Banking: Fast Future Blur

In Episode 5 of Season 5, Eyal and renowned Fintech influencer Dr. Efi Pylarinou dive into the rapid technological changes of the Fourth Industrial Revolution. They explore how digital transformation is shaping business archetypes, leadership, and the critical role of open standards. Listen to the full episode here.

Get in touch to find out how we can unlock the power of open banking, together.

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