StormPay Partners with Open Banking Pioneer OzoneAPI

StormPay Partners with Open Banking Pioneer OzoneAPI

As an innovative fintech company providing embedded financial services to customers in both a business and personal capacity, our UK-based firm, StormPay, is thrilled to be partnering with open banking experts OzoneAPI. The collaboration is set to deliver a truly embedded and digital experience to our entire customer base.

What is API?

Open banking leverages the power of Application Programming Interfaces (APIs) - computer programming rules that enable service providers, such as banks and fintech’s, to easily connect to third-party service providers and vice-versa. Such seamless and secure communication lines ensure that consumers are able to share their personal and financial data more securely and efficiently with the companies whose services they utilize.

Why OzoneAPI?

Given their reputation as a trailblazer in open banking standards, OzoneAPI is a top tier ally to complement StormPay’s embedded financial solutions. As a fintech, implementing open banking standards ourselves can prove substantially time-consuming, complicated, and expensive.   And that’s why we’re leveraging the deep industry expertise of OzoneAPI. The open-banking pioneer streamlines the API implementation process on our behalf, providing standards-based APIs for open banking that help their customers unlock revenue streams and better accommodate the needs of their customers.

Ozone was founded in 2017 with a mission to accelerate the global adoption of open banking, whilst equipping key industry players with the technology to build a thriving ecosystem.

Ozone’s founding team has been involved in the inception and implementation of UK open banking from the outset. The company has proven to be the leading example of how to build this standard by not only developing the standards for the UK Open Banking Implementation Entity (OBIE), but also supplying their official sandbox.

Today Ozone’s revolutionary software empowers international banks and financial institutions, irrespective of their size, to deliver high-quality, standards-based open APIs that manage the complexities of open banking and open finance alike.

How StormPay’s Customers will Benefit

StormPay’s open-banking solution will ensure greater transparency of transaction processes by increasing data security levels and significantly improving the entire customer experience.

Words from the Partners to be

“We look forward to a long and productive partnership with OzoneAPI as we aim to storm the fintech sector and lead the way in delivering innovative financial solutions." Remarked Otabek Nuritdinov, CEO of StormPay.

Huw Davies, Co-founder and Chief Commercial Officer of Ozone said “We’re thrilled to be partnering with StormPay. It’s exciting to be working with such an innovator and we look forward to helping them and their customers bring to life exciting propositions based on a solid foundation of really high performing standards compliant open APIs.”

To learn more about StormPay, visit https://stormpay.io/

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

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