CRIF and Ozone API have partnered to ‘revolutionise’ finance by integrating credit information with Ozone API’s Open Banking expertise and technology.
The partnership aims to enhance data-driven decision-making, optimise banking operations and elevate customer satisfaction. This will be accomplished by assisting financial institutions in securely sharing their data and developing a comprehensive suite of financial solutions tailored to their evolving needs.
According to the companies, this deal is fueled by a shared vision of transforming the financial services landscape. The agreement seeks to empower CRIF and Ozone API to provide innovative, secure and efficient financial services, helping their clients gain a competitive edge in the market.
Andrea Martellone, Digital Platform Business Development and Ecosystem Strategy Senior Director at CRIF, commented: “By partnering with Ozone API, we are combining our strengths to create a seamless and efficient banking experience for our clients. This collaboration aligns perfectly with our mission to innovate and provide advanced solutions that drive growth in the financial sector.”
Both companies state that clients and end users are set to benefit greatly from the new partnership, as financial institutions will gain access to integrated solutions. Meanwhile, end users will gain more personalised and efficient banking services, improved access to credit information and innovative financial products tailored to their specific needs.
James Bushby, Global Partnership Lead at Ozone API, stated: “This is an exciting partnership for Ozone API, as this will help drive financial inclusion by providing the right tools to financial institutions to allow their customers to make more informed decisions about their financial wellbeing and get access to a wider range of financial services.”
As Open Banking continues to serve as a disruptive and innovative force in the financial industry since its inception in 2017, its extensive use of advanced APIs has enabled financial entities to reshape their product offerings.
In April, Huw Davies, Co-CEO of Ozone API, spoke with Payment Expert about the transformative impact of Open Banking in traditionally underserved markets and shared insights on its potentially limitless future.
