W2 and Ozone API announce mutual partnership to strengthen payments eco-system

14 February 2023 - W2, leading RegTech orchestration platform has today announced a mutual partnership with Ozone API, a pioneer in open banking and provider of the leading standards-based Open API platform.

The partnership between the two companies comes as the payments & FinTech ecosystem continues to go from strength to strength. Collaboration has been established as one of the key pillars to ensure the industry can support the next generation of innovation.

Both W2 and Ozone API share similar views on how knowledge sharing between varied areas of the industry enables fintech and payment providers to access the best support available to keep growing their businesses.

Lynsey Hoxha, Head of Channel Partnerships at W2 commented “I am delighted to announce Ozone API as our first new strategic partner of 2023. We have been really impressed with the steps they have taken in open banking to establish themselves as a key player in the ecosystem. I look forward to working closely with them.”

Huw Davies, Co-founder & Chief Commercial Officer at Ozone API added: “Open finance is now a global phenomenon and the landscape for regulation and the resulting evolution in the banking business model is creating both complexity and huge opportunity. We’re thrilled to be partnering with W2 to help our respective clients navigate these challenges, combining our great technology and deep expertise.”

About Ozone API

Ozone API empowers banks and financial institutions to adapt and thrive in the new world of open finance, by providing the technology to unlock the power of open finance and change the world.

The UK-based fintech is the leading standards-based open API platform, supporting all global standards and providing the tools and expertise to help banks and financial institutions create real commercial value.

With a founding team that led the development of the UK open banking standards, Ozone API continues to shape open finance around the world helping regulators, banks and technology platforms to accelerate open finance. The Ozone API powers the open banking implementations of banks and financial institutions across the world, with a strong footprint in the UK, Europe, Latam and the Middle East and clients such as Tide and Monese.

Ozone API is an active contributing member of the following standard bodies and trade associations: OpenID, Financial Data Exchange, Financial Data and Technology Association, The Payments Association and Innovate Finance.

For more information, visit https://ozoneapi.com/

Media contact for Ozone API

Becci Furnell

becci@openbankingexcellence.org

Head of Global Press Office