10x Banking (10x), the transformational cloud-native SaaS core banking platform, and Ozone API, the leading provider of compliant open banking API technology, have partnered to simplify the delivery of open banking APIs for banks globally.
In brief:
-10x Banking (10x), the transformational cloud-native SaaS core banking platform, and Ozone API, the leading provider of compliant open banking API technology, have partnered to simplify the delivery of open banking APIs for banks globally.
-By integrating the two platforms, banks can couple real-time banking capabilities with a fast and simple solution that handles the complexity of open banking.
-Globally, banks spend hundreds of millions of pounds every year on basic regulatory compliance. And open banking regulations, which differ by market, are constantly evolving, requiring deep expertise and extensive development. By utilizing 10x SuperCore and Ozone API, banks can also enable new models, such as embedded finance, to serve customers and distribute products in new ways.
What does this mean?
Huw Davies, Co-Founder and CEO at Ozone API, commented, “As global specialists in open banking standards, our partnership with 10x makes it easier for banks to reduce complexity in their tech stack, allowing banks to comply with any global open banking standards, so they can focus on accelerating growth and value creation.”
