Redefining the Financial Landscape
The recent alliance between CLOWD9 and Ozone API has set the stage for a transformative shift in the world of open finance. Both UK-based fintech innovators, these companies have joined forces to create a synergy that promises to reshape the future of banking and financial services.
CLOWD9: Pioneering Decentralized Payment Solutions
CLOWD9, renowned for its cloud-native, decentralized payment processing platform, has emerged as a key player catering to a diverse range of banking needs. This includes traditional banks, neo-banks, and fintechs, aiming to provide a limitless payments technology on a global scale. The platform supports various payment methods, including cards, bank transfers, QR codes, biometrics, and cryptocurrency.
Ozone API: Leading the Open Banking Revolution
Ozone API specializes in open banking services and has been instrumental in making these services mandatory in the UK. Their platform enables banks worldwide to deliver standards-compliant open banking APIs, moving beyond compliance to transform these APIs into strategic commercial channels.
The Strategic Partnership: A New Era in Open Finance
- Combining Strengths: The partnership is a blend of CLOWD9’s innovative payments platform and Ozone API’s expertise in open banking. This collaboration is poised to address the unique needs and challenges faced by financial institutions, providing tailored solutions to drive growth and success.
- Focus on Innovation: The alliance aims to support innovation, benefiting industry players and investors alike. It is expected to create a comprehensive ecosystem that not only ensures the delivery of compliant open APIs but also monetizes issuer processing and open banking on a global scale.
- Recent Developments: Ozone API’s recent funding round, led by Gresham House Ventures, raised GBP 8.5 million. This investment is primarily aimed at expanding the team and maintaining the company’s position in the face of emerging standards, helping banks monetize open APIs, and providing infrastructure support for entire markets.
Conclusion: Shaping the Future of Finance
The partnership between CLOWD9 and Ozone API marks a significant milestone in the evolution of open finance. By combining their respective strengths, these companies are not just addressing the current needs of the financial sector but are also paving the way for future innovations. This collaboration stands as a testament to the dynamic and ever-evolving nature of the fintech industry, highlighting the importance of strategic partnerships in driving forward the world of finance.
