Top 5 Open Finance Compliance Platforms for Banks
Non-sponsored, Expert Verified and Transparently Ranked 5 Open Finance Compliance Platforms for Banks
Executive Summary
We analyzed 5 solutions. Top Recommendation: Plumery Digital Banking Experience Platform by Plumery scored highest due to Best for consumer and business banks, credit unions, and neobanks modernising digital channels without replacing cores. Composable journeys deliver up to 80% of functionality out‑of‑the‑box and enable progressive modernisation [1], with Google‑like enriched transaction search, printable confirmations, and digital account closure [2], reinforced by recent industry recognition [3].
At a Glance
Plumery Digital Banking Experience PlatformbyPlumery
Best for: Best for consumer and business banks, credit unions, and neobanks modernising digital channels without replacing cores. Composable journeys deliver up to 80% of functionality out‑of‑the‑box and enable progressive modernisation [1], with Google‑like enriched transaction search, printable confirmations, and digital account closure [2], reinforced by recent industry recognition [3].
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Plumery
Company Information
Plumery is a digital banking platform provider that empowers financial institutions to build delightful mobile and web experiences for their customers. They offer a range of services, including digital banking services, operational backbone, and embedded analytics, to help institutions innovate and grow.
Company Overview
Company Details
Financial Information
Contact Information
Trust & Compliance
Key Value Propositions
- Accelerated app development
- Customer-centric solutions
- Integration with existing systems
- Support for modern and legacy platforms
Technology Stack
Industries Served
Technical Information
Plumery offers API-only digital banking journeys that encompass the entire customer experience across digital channels.
Social Links & Discovery
Categories
Keywords
Target Customers
Summary
Plumery is a composable digital banking experience platform designed to help banks, credit unions, neobanks, lending companies, and digital wallets modernise their digital channels. It enables seamless access to accounts, powerful transaction search, card management, and delivers actionable insights for informed financial decisions. The platform supports progressive, step-by-step transformation, reducing risk and complexity compared to traditional big-bang approaches.
Overview
Plumery Digital Banking Experience Platform enables banks and financial institutions to deliver seamless, modern, and customer-centric digital banking experiences. The platform supports progressive modernisation, allowing institutions to transform their digital channels iteratively without disrupting core systems. It provides comprehensive account management, transaction search, money transfers, card management, and financial planning tools, all designed to enhance customer engagement, operational efficiency, and innovation.
Best For
Best for consumer and business banks, credit unions, and neobanks modernising digital channels without replacing cores. Composable journeys deliver up to 80% of functionality out‑of‑the‑box and enable progressive modernisation [1], with Google‑like enriched transaction search, printable confirmations, and digital account closure [2], reinforced by recent industry recognition [3].
Key Features
- Real-time, accurate account and balance information from core systems
- Customisable account displays and aliases
- Ability to close accounts digitally
- Google-like transaction search with cleansed, enriched, and categorised data
- Printable transaction confirmation reports
- Near-real-time transaction data from multiple core or card management systems
- Seamless money transfers (domestic and international), including scheduled and bulk payments
- Trusted counterparty and payee management
- Comprehensive card management (order, freeze, unfreeze, terminate, update labels, adjust security, set spending limits)
- Financial insights (balance history, spending by category, transaction turnover, spending by merchants)
- Custom saving goals with automatic transfers and progress tracking
- Budgets management with predefined spending limits and proactive notifications
Key Benefits
- Deliver seamless, personalised, and intuitive digital experiences
- Modernise digital banking channels to stay competitive
- Reduce operational costs by automating manual processes
- Enable rapid innovation and adaptation to regulatory and market changes
- Capture actionable data for personalised offers and deeper customer insights
- Progressive modernisation without disrupting core systems
Who Is It For
- Consumer banks
- Business banks
- Credit unions
- Lending companies
- Neobanks
- Digital wallets
Features & Modules
Banking For the Digital Era
Enhanced digital capabilities are key to meeting today’s customer expectations and building long-term loyalty. With Plumery, you can provide seamless access to all accounts, offer powerful transaction search functionality, and give customers full control over their cards, while delivering insights to support informed financial decisions.
Stay Competitive, Exceed Expectations
- Deliver seamless, personalised, and intuitive digital experiences your customers demand
- Modernise your digital banking channels to stay ahead of the competition and drive rapid innovation
Reduce Costs, Improve Efficiency
- Eliminate outdated systems that rely on manual processes
- Automate repetitive tasks to lower operational costs and enhance service delivery for your customers
Innovate Continuously, Leverage Data
- Adapt swiftly to evolving regulations and market shifts
- Modernise your systems to capture actionable data, enabling personalised offers, deeper customer insights, and better decision-making
Progressive Modernisation: transformation without disruption
Progressive modernisation is an iterative approach to customer-centric design and gradual architectural updates, enabling seamless digital transformation without disruption. By prioritising high-impact, volatile system components, this method accelerates progress and reduces risk compared to traditional big-bang transformations.
- Addresses critical needs
- Balances capital constraints
- Optimises execution risk
- Paves the way for sustained innovation and growth
Streamlined Account Management
Empower your customers with seamless access to all their accounts, offering real-time, accurate account and balance information directly from your core. Enhance account management with features like customisable displays, easy-to-recognise aliases and the ability to close accounts, ensuring a streamlined and user-friendly banking experience.
Convenient Transactions
Empower your customers with Google-like search functionality for quick access to cleansed, enriched, and categorised transactions, enabling seamless tracking and identification of financial operations, complete with printable confirmation reports. Ensure uninterrupted access to transactions by sourcing data from one or more core banking or card management systems in near-real-time, even during system outages.
Seamless Money Transfers
Empower your users to initiate seamless money transfers. Orchestrate payments across one or more cores or payment hubs, offering features like trusted counterparty management, scheduled payments, and bulk payment processing. Enable effortless domestic and international payment initiation, support scheduled payments, standing orders, and trusted payee management.
Effortless Cards Management
Empower individuals and organisations to seamlessly manage their cards throughout their entire lifecycle. From ordering new physical or virtual cards to viewing comprehensive card details and transaction history, customers have full control and convenience. Easily freeze, unfreeze, terminate cards, update labels, adjust security settings, and manage spending limits.
Financial Planning and Management
Offer your customers a comprehensive suite of tools designed to provide a clear view of their financial health. By delivering insights into their income, expenditures, and spending patterns, you can help them build sound financial habits.
- Tracking Balance History
- Spending by Category
- Transactions Turnover
- Spending by Merchants
- Custom Saving Goals
- Automatic Transfers
- Progress Tracking
- Predefined Spending Limits
- Proactive Notifications
Available In
Yapily
Company Information
Company Overview
Company Details
Trust & Compliance
Key Value Propositions
- Instant payments with low costs
- Secure financial data access
- Comprehensive API documentation
- Real-time insights and validation tools
- Support for multiple financial sectors
Industries Served
Technical Information
Yapily's API allows developers to access a variety of financial services, including payment initiation and access to real-time financial data.
Social Proof
Customer Testimonials
Partnership with Yapily is all about maximising the benefits of open banking technology.
Yapily provides us with wide and robust connectivity to banks.
Yapily’s technology and open banking expertise are helping to make that vision a reality.
Trusted By
Case Studies
Pleo Open Banking Case Study
Pleo
Yapily provides wide connectivity to banks, helping Pleo reduce fees and improve payment processes.
Read Case StudyCrezco Open Banking Case Study
Crezco
Reducing transaction costs and providing instant payments with Yapily's integration.
Read Case StudyYonder Open Banking Case Study
Yonder
Using open banking to enhance financial fairness and transparency.
Read Case StudySummary
Yapily Data is an API-based solution that allows businesses to access real-time and historical financial data from over 2, 000 banks across 19 countries. The platform normalises fragmented bank APIs, delivering consistent, clean, and easy-to-use data for both consumer and business use cases.
Overview
Yapily Data provides instant, real-time, accurate, and secure access to financial data pulled directly from thousands of banks using a single API. It enables businesses to offer personalised experiences and create smarter products by leveraging open banking data.
Best For
Best for fintechs, lenders, and accounting/PFM providers needing dependable bank data at scale. Yapily provides real‑time and historical account information from 2, 000+ banks in 19 countries via one API, with standardised data and PSD2‑compliant SCA [1] [2]. Use cases include faster onboarding and smarter credit/affordability decisions [3].
Key Features
- Access to real-time and historical financial data from thousands of banks.
- Single API integration for both consumer and business financial data.
- Standardised and normalised data across fragmented bank APIs.
- PSD2-compliant APIs with strong customer authentication (SCA).
- Developer-friendly documentation and tools for fast integration.
- Support for account aggregation and personal finance management use cases.
Key Benefits
- Enhance customer onboarding by linking bank accounts to pre-fill forms, reducing errors and drop-off.
- Improve credit risk and affordability models with real-time and historic transaction data.
- Personalise customer experiences using detailed transaction data.
- Reduce operating costs by replacing manual processes with API integration.
- Promote financial inclusion by enabling fairer and more inclusive financial services.
- Protect customers with PSD2-compliant APIs and strong customer authentication, reducing fraud and data leaks.
Who Is It For
- Fintechs and financial service providers seeking to build personalised financial experiences.
- Businesses in accounting and business finance, personal finance management, lending and credit, banking, and EMI.
- Developers and product teams looking for a scalable, secure, and easy-to-integrate open banking data solution.
Use Cases
- Accounting and business finance: Match bank statements with real-time transaction data to save time and reduce errors.
- Personal finance management: Aggregate accounts in one place for spending tracking, budgeting, and planning.
- Lending and credit: Assess credit risk and affordability in real-time for more inclusive lending decisions.
- Banking and EMI: Support KYC processes, reduce fraud, and streamline onboarding with pre-filled application forms.
Features & Modules
Instant access to financial data that drives innovation
The data advantage your business needs
- Enhance customer onboarding: Link customer bank accounts to pre-fill forms, reducing errors, minimising drop-off, and improving the entire onboarding journey.
- Improve model performance: Optimise your credit risk and affordability models using real-time and historic transaction data.
- Personalise experiences: Improve customer engagement and conversion with personalised products and services.
- Reduce operating costs: Replace slow, manual processes by integrating our simple API.
- Promote financial inclusion: Use open banking data to create fairer and more inclusive financial services.
- Protect your customers: Keep customer financial data safe with PSD2-compliant APIs and strong customer authentication.
Secure and seamless data sharing in just a few clicks
Example: Account aggregation for a personal finance management app.
- Select 'Add account' in the app.
- Select the bank to connect from a list of over 2,000 banks.
- Review account access details before connecting.
- Log into bank app using SCA (e.g., fingerprint or facial recognition).
- Confirm account access in bank app.
- Account is added and user is redirected back to the app.
Data infrastructure built for performance and scale
Powering innovation across industries
- Accounting and business finance: Match bank statements with real-time transaction data.
- Personal finance management: Aggregate all accounts in one place for spending tracking and budgeting.
- Lending and credit: Assess credit risk and affordability in real-time.
- Banking and EMI: Support KYC processes and reduce fraud with account data.
Available In
Security
- PSD2-compliant APIs
- Strong customer authentication (SCA) such as fingerprint or facial recognition
- Focus on reducing fraud and data leaks
Compliance
- PSD2 compliance for APIs
- Yapily Ltd is not a regulated entity in any jurisdiction and does not provide regulated services.
- Yapily Connect Ltd is regulated by the UK Financial Conduct Authority (FCA no. 827001).
- Yapily Connect UAB is regulated by the Bank of Lithuania (no. LB002045).
Token.io
Company Information
Token.io is a global technology company specializing in account-to-account (A2A) payment infrastructure, providing solutions for payment providers, banks, and merchants. The company offers a range of products, including Payments, Single Immediate Payments, Variable Recurring Payments, Virtual Accounts, and Data, all powered by open banking.
Company Overview
Company Details
Financial Information
Contact Information
Trust & Compliance
Key Value Propositions
- High conversion payment flows
- No scheme or interchange fees
- Instant payouts
- Data solutions for smarter payments
- Supported in over 21 countries
Technology Stack
Industries Served
Technical Information
Token.io provides various APIs for payment initiation and account information services.
Social Proof
Trusted By
Summary
Token Payments provides a complete, open banking-powered A2A payment solution that eliminates intermediaries, reduces processing costs, and enables real-time payments across the UK and Europe. The platform offers high conversion payment flows, settlement accounts, a self-service dashboard, and comprehensive reporting, all in one solution.
Overview
Token Payments is an account-to-account (A2A) payment infrastructure powered by open banking, enabling businesses to accept Pay by Bank and offer industry-leading A2A payment solutions. The platform is designed to generate revenue, reduce costs, and improve conversion rates for merchants and payment service providers.
Best For
Best for PSPs, acquirers, banks, and high‑volume merchants seeking lower‑cost, higher‑conversion payments. Token.io enables Pay by Bank across 21 countries with connectivity to 567M+ accounts, settlement accounts, and reporting [1]. Merchant demand is surging, making Pay by Bank table‑stakes for banks/PSPs due to cost and conversion benefits [2].
Key Features
- Pay by Bank acceptance
- Real-time A2A payments
- Settlement accounts (UK and EU)
- Self-service dashboard
- Comprehensive reporting
- Customisable payment flows
- Plug-and-play integration
- Instant account verification (KYC)
- API-driven instant refunds
- Instant payouts and withdrawals
- Bank-grade security with SCA
- Support for e-commerce, POS, chat, pay by link, and QR code payments
Key Benefits
- Lower processing costs by eliminating intermediaries and using open banking rails.
- Boost business growth by offering in-demand Pay by Bank solutions in 21 markets.
- Expand payment solutions quickly to new markets with a trusted provider.
- High conversion payment flows and feature-rich settlement accounts.
- Unmatched coverage: real-time A2A payments to over 567 million bank accounts in the UK and Europe.
- Flexible licensing options (PISP/AISP, UK/Europe) for faster go-to-market.
- Customisable payment flows to fit brand and checkout needs.
- Plug-and-play integration for instant bank payments across any channel or device.
- Instant account verification for faster KYC.
- API-driven instant refunds and payouts.
- Dedicated consultancy, growth, and innovation services.
Who Is It For
- Merchants
- Payment service providers (PSPs)
- Acquirers
- Banks
- Fintech & financial services
- Ecommerce businesses
- Crypto platforms
- iGaming companies
Use Cases
- E-commerce checkout
- Point of sale (POS) payments
- Remote payments via pay by link or QR code
- Instant payouts and withdrawals
- Automated refunds
- Account verification for KYC
Features & Modules
Generate revenue, reduce costs and convert with confidence
Your edge starts with Pay by Bank
- Lower costs: Eliminating intermediaries and running on open banking rails, Pay by Bank cuts processing costs to a fraction of traditional payment methods.
- Grow your business: Deliver a new, in-demand payment solution. Offer conversion-boosting Pay by Bank in 21 markets.
- Expand your solution: Quickly expand your existing Pay by Bank solution to new markets and enhance your resiliency with a trusted, market-leading provider.
Our powerful infrastructure, your winning advantage
- A complete solution: High conversion payment flows. Feature-boosting settlement accounts. Self-service dashboard. Meaningful reporting. All in one powerful solution.
- Unmatched coverage: Reach more payers in more markets. Initiate real-time A2A payments to over 567 million bank accounts in the UK and Europe.
- Flexible licencing: Use our plug-and-play payment flows to go to market faster with licencing as a service (PISP/AISP, UK/Europe).
Convert with confidence
An all-in-one gamechanger
- Customise: Your checkout, your brand. Customise account-to-account payment flows to fit your needs.
- Plug-n-play: Easily embed instant bank payments into any experience, channel or device.
- Verify: Instantly verify bank account ownership for faster, easier KYC — all included as part of our standard Payments product.
- Refund: Reduce your operational burden and costs. Fully automate API-driven instant refunds with UK and EU settlement accounts.
- Payout: Drive user satisfaction with easy, instant payouts and withdrawals to verified bank accounts.
- Grow: See results faster with dedicated consultancy, growth and innovation services.
How does it work?
Seamless meets secure
- Every channel: Quickly and easily launch Pay by Bank for e-commerce, point of sale (POS) or chat, with pay by link and QR.
- Every device: Seamlessly switch from desktop to mobile with QR for faster authentication (fingerprint or face ID).
- Bank-grade security: Every payment is authenticated directly with a bank, with SCA built in to minimise fraud. Never share or store sensitive payment data.
Available In
Security
- Every payment is authenticated directly with a bank.
- Strong Customer Authentication (SCA) is built in to minimise fraud.
- Sensitive payment data is never shared or stored.
- Bank-grade security standards.
Compliance
- Token.io Ltd is authorised by the UK’s Financial Conduct Authority (FCA) to provide Payment Initiation Services and Account Information Services (Reference number: 795904).
- Token GmbH is authorised by Germany’s BaFin and Bundesbank to provide Payment Initiation Services and Account Information Services (ID number: 158595).
- Settlement Accounts: Provided via Modulr FS Limited (FCA Electronic Money Institution, Firm Reference Number: 900573) in the UK, and Modulr Finance B.V. (Dutch Central Bank, Firm Reference Number: R182870) in the EU.
- Funds are held in segregated accounts and safeguarded in line with relevant regulations (Electronic Money Regulations 2011 in the UK, Financial Supervision Act in the EU).
- Electronic Money products are not covered by the Financial Services Compensation Scheme (FSCS).
Finexer
Company Information
Company Overview
Company Details
Trust & Compliance
Key Value Propositions
- Real-time access to client bank accounts.
- Instant payments through banking infrastructure.
- Customer identity verification using bank data.
- Comprehensive data analysis facilities.
Industries Served
Technical Information
Provides access to banking data, payment initiation, identity verification, and more through a robust API.
Social Proof
Customer Testimonials
Finexer is easy to work with and flexible in their approach, providing the bespoke services we required alongside a viable commercial package.
We realised we had a lot in common with Finexer in how we approach services for our customers. This made it a highly collaborative partnership from the start.
We're able to offer Payello users the ability to accept open banking payments for their business, offering a faster, more secure and cost-effective alternative to traditional card payments.
Trusted By
Social Links & Discovery
Target Customers
Summary
Instant Payments by Finexer allows users to collect and process funds quickly and easily via multiple financial institutions, using a single API endpoint or dashboard. Payments are processed instantly (within 1-15 minutes), with reduced fees compared to traditional methods, and enhanced security by leveraging the customer's bank authentication.
Overview
Finexer Instant Payments enables businesses to send money, collect donations, or accept payments instantly through banking infrastructure, reducing fees and transfer times while maintaining high security standards. The service supports payments via multiple financial institutions with a single endpoint, leveraging Open Banking and strong compliance.
Best For
Best for UK businesses, charities, and platforms needing instant, low‑cost account‑to‑account payments. Finexer offers a single API with QR‑code checkout, batch payouts, dashboard controls and email receipts, while SCA with biometrics reduces fraud and removes PCI‑DSS burden [1] [2], with transfers typically completing in seconds via Faster Payments [3].
Key Features
- Single API endpoint for multiple financial institutions
- Dashboard for manual payment management
- QR code support for quick mobile payments
- Batch payments for payroll or multiple invoices
- Automated email receipts to clients
- Payment links for easy payment requests
- Full transaction recording and tracking
- Refunds via API or dashboard
- Strong authentication and security measures
Key Benefits
- Instant fund transfers (1-15 minutes)
- Reduced processing fees compared to direct debits and card payments
- No need for PCI DSS compliance for users
- Minimized risk of chargebacks and fraud
- Strong Customer Authentication (SCA) with biometrics
- Automated payment receipts
- Batch payments to multiple recipients
- Easy integration via API or dashboard
- Secure QR code payment flows
- Direct bank-to-bank payments with no intermediaries
Who Is It For
- Businesses seeking to send or collect payments instantly
- Organizations collecting donations
- Companies processing payments on behalf of clients
- Industries such as Accounting & ERP, Credit & Lending, Lawtech, EPOS, Payroll & Invoicing, Proptech & Real Estate, Utility Billing
Features & Modules
Payments
Send money, collect donations or accept payments instantly, either for your own business or on behalf of your clients. Collect and process funds and payments quickly and easily via multiple financial institutions with just one endpoint.
Quick and Effective
Save on fees and reduce transfer times without compromising on security.
- Cost Effective: Cut fees from direct debits, card processing, and other traditional methods.
- Instant: Funds transferred within 1-15 minutes.
- Secure: Reduce chargebacks and fraud; no credential sharing; no PCI DSS requirements.
The Process
Accepting a payment is as easy as 1 - 2 - 3, all while taking advantage of the security offered by the client’s bank.
- Step 1: Generate a payment request through API or dashboard.
- Step 2: Client authorizes payment with their bank.
- Step 3: Client is redirected to your website and bank processes payment.
Financial Fraud, Purchase Disputes, Chargebacks
Payments are strongly authenticated (SCA). Payments are made directly between banks, reducing disputes and eliminating fraudulent chargebacks.
- Strong Customer Authentication (biometrics)
- Direct bank-to-bank payments
- No intermediary, so no fraudulent chargebacks
QR Code Payments
Checkout flow can be quick and simple with QR codes. Users scan a QR code and confirm payment via their banking app.
- Instant and secure payments via QR code
- No difference in security from desktop online banking
Batch Payments
Send funds to multiple recipients simultaneously. Pay multiple invoices or payroll in the same currency with a single authorization.
- One-off payment to multiple bank accounts
- Recipients paid within minutes
Automated Receipts
Finexer emails payment receipts directly to clients upon successful payment completion.
- Automated email receipts
- Supply client email when creating payment
Payment Links
Send payment request links from dashboard or API. Clients authorize payment using their own bank’s platform.
- Secure payment links
- Quick and simple payment collection
Why use Open Banking?
Open Banking under PSD2 simplifies fund transfers and account connections.
- Reduced fees
- Native bank security
- Quicker access to funds
- Seamless refund process
Peace of Mind
Developer Friendly
Our Coverage
Send money to any bank account using sort code/account number or IBAN. Currently, only UK banks are supported for payment initiation.
- UK banks supported for payment initiation
- Payments to any bank account (sort code/account number or IBAN)
Available In
Security
- End-to-end SSL encryption between servers
- AES-256 encryption of sensitive data (e.g., IBANs, account numbers)
- Tokenization throughout the payment flow
- No credential sharing required
- No PCI DSS requirements for users
- Strong Customer Authentication (SCA) with biometrics (fingerprint, face ID, etc.)
- Bank-grade security infrastructure
Compliance
- No PCI DSS or PSD2 compliance required for users (Finexer handles compliance)
- Finexer is authorised by the Financial Conduct Authority (FCA) under the Payment Services Regulations 2017, firm reference number 925695, as an Authorised Payment Institution
- Complies with GDPR
- PSD2 compliant
- Certified by ICO and Cyber Essentials
Ozone API
Company Information
Company Overview
Company Details
Key Value Propositions
- Flexibility to scale globally
- Comprehensive solutions that comply with regional open banking standards
- Expertise in open banking standards
Industries Served
Technical Information
API platform for open banking solutions and compliant data sharing.
Social Proof
Trusted By
Case Studies
Social Links & Discovery
Target Customers
Summary
The Ozone API Platform provides everything a bank or financial institution needs to be compliant with open banking standards and regulations globally. It allows secure exposure of open APIs to the open banking ecosystem, enabling customers to safely share access to their account information and services with trusted third-party apps. It also serves as the core of the Market Hub solution for central banks, regulators, and market infrastructure providers.
Overview
The Ozone API Platform is an advanced open API platform that enables banks and financial institutions to quickly deliver open APIs to meet regulatory requirements, provide a great user experience, and turn open banking into a profitable commercial channel. It is comprehensive, flexible, and ready to deploy, supporting all major global open banking standards and ensuring ongoing compliance as regulations evolve.
Best For
Best for banks, central banks, and regulators launching or upgrading open finance APIs across multiple markets. Achieve compliance in weeks on a FAPI‑certified, ISO 27001/SOC 2 platform that supports all major standards and auto‑scales [1]. Built by UK Open Banking standard architects, with ecosystem guides and trackers simplifying adoption [2] [3].
Key Features
- Consent Management
- Developer Portal with rich documentation and sample code
- Standard-compliant APIs
- Reporting and Billing
- Third Party Management
- Simple Integration tools
- Ozone Connect (pre-built connectors to core banking platforms)
- Ozone Resource Server (transforms internal interfaces to open APIs)
- Ozone Verify (automated TPP onboarding and management)
- Ozone Authorization Server (FAPI 2.0 and global FAPI support, secure consent management)
- Ozone Admin Portal (reporting, billing, admin management)
- Ozone Consent Manager (fine-grained consent management, regulatory and premium use cases)
- Ozone Consent App (optional, for SCA and consent management, iOS/Android, biometric support)
- Sandbox, pre-production, and production environments for testing and compliance
Key Benefits
- Rapid compliance with open banking regulations (in weeks, not months)
- Comprehensive and flexible platform ready for global deployment
- Highly secure (FAPI certified, ISO 27001 and SOC 2 certified)
- Exceptional performance with auto-scaling and low latency
- Lower cost of ownership with ongoing support and standards maintenance
- Rich API catalogue for compliance and commercial innovation
- Supports all major global open banking standards with guaranteed updates
- Enables monetisation of APIs and delivery of embedded finance
Who Is It For
- Banks
- Financial Institutions
- Central Banks
- Regulators
- Market Infrastructure Providers
- Partners
Features & Modules
The leading open API platform
One platform, endless connections
Comprehensive platform for open banking compliance and ecosystem enablement. Helps banks expose secure open APIs and is the centre of the Market Hub solution.
Why choose the Ozone API Platform?
- Security adherence: FAPI certified, highest global security standards
- Rapid deployment: Simple integration, any cloud environment
- Exceptional performance: Auto-scaling, low footprint, market-leading performance
- Comprehensive functionality: Rich API catalogue, global standards
- Lower cost: Quick setup, ongoing support, lower ownership cost
- Global regulatory compliance: Supports all major standards, ongoing compliance
Supports all global standards
Supports all global open banking standards, providing the richest functionality and guaranteed updates to stay aligned with regulations.
Compliance in weeks not months
Streamlines compliance, mitigates risks, and boosts efficiency. Seamless integration and deployment for any bank on any tech stack.
Best in class performance
Highly efficient code, minimal footprint, auto-scaling, fast and reliable API delivery, low latency, consistent uptime.
Secure to the core
Top-tier security, ISO 27001 and SOC 2 certified, supports all FAPI versions, prioritises security and compliance.
Beyond compliance
Enables new commercial channels, enhanced customer experiences, innovation, API monetisation, and embedded finance.
What’s included in the Ozone API Platform?
Contains everything needed for standards-compliant open banking APIs, ready to integrate quickly.
- Consent Management
- Developer Portal
- Standard-compliant APIs
- Reporting and Billing
- Third Party Management
- Simple Integration
Ozone Connect
Simple integration mechanism with pre-built connectors for rapid implementation and transformation to open APIs.
- Rapid, light touch implementation
- Foundation for global standards
- Pre-built connectors to core banking platforms
Ozone Resource Server
Transforms internal interfaces into standards-compliant open APIs, supports all major standards, ongoing updates, rich API catalogue.
- Supports all major global standards
- Ongoing updates for new standards
- Rich API sets for compliance and premium APIs
Ozone Verify
Automated onboarding and management of TPPs, validation, verification, lifecycle management.
- Automated TPP validation via market directories
- Enhanced lifecycle management (allow/deny lists)
Ozone Authorization Server
Meets or exceeds regulatory security standards, supports FAPI 2.0 and all global FAPI versions, manages consents securely.
- Supports FAPI 2.0 and all global FAPI versions
- Secure consent management
- Authorised data disclosure and payment initiation
Ozone Developer Portal
Delivers a great developer experience with documentation, tools, sample code, and branding flexibility.
- Rich documentation and specifications
- Tools and sample code for TPPs
- Branding flexibility
Ozone Admin Portal
Tools for effective API channel management, reporting, billing, and admin management.
- Comprehensive reporting suite
- Billing reporting
- Simple admin management
Ozone Consent Manager
Fine-grained, end-to-end consent management, tools for embedding and managing user consent, supports regulatory and premium use cases.
- Fine-grained consent management
- Tools for embedding consent experience
- Supports regulatory and premium use cases
Ozone Consent App
Optional app for secure authentication and consent management, iOS/Android, biometric SCA, flexible deployment and branding.
- Available for iOS and Android
- Biometric-based SCA and consent management
- Flexible deployment and branding
Sandbox, pre-production and production environments
Sandbox for TPP and fintech testing, replicates production APIs with synthetic data, included in all contracts.
- Direct replica of production APIs
- Life-like synthetic data
- Third-party app testing for compliance
- Sandbox licensing included as standard
Deployment Options
SaaS, software only (on-premise), and API Market Hub for market-wide deployments.
- SaaS: global, white-label, rapid updates
- Software only: on-premise, tailored, customisable
- API Market Hub: for central banks and market enablers
Enhanced Support Options
24/7 TPP support, 24/7 service desk, regulatory support and guidance.
- 24/7 TPP Support
- 24/7 Service Desk
- Regulatory support and guidance
Available In
Security
- IASME Cyber Essentials certified
- ISO/IEC 27001:2022 certified
- SOC 2 Type 2 unqualified opinion attestation
- Maintains FAPI certification; supports FAPI (1.0/2.0) and CIBA
- Authorization Server certified to OpenID Foundation FAPI and CIBA profiles (supports FAPI 2.0 profile features such as PAR/RAR/JARM/PKCE)
- OpenID certified implementations include: Ozone API KSA Open Banking v2022.10; Ozone API Hub UAE Open Finance v1.1
- Secure consent management and authorised data disclosure / payment initiation
- Biometric-based SCA available via Consent App
Compliance
- Guaranteed certification to OpenID Foundation FAPI profiles
- Supports OBIE and Berlin Group standards (UK/Europe)
- Supports Brazil Open Finance and Brazil Open Insurance
- Supports Bahrain and KSA open banking standards
- Live with FDX for North America; supports global open banking/open finance standards
- Provides technical guidance for CFPB Section 1033 and discusses FDX and FAPI alignment for U.S. regulated open finance
Data Quality & Transparency
Our Ranking Methodology
How we rank these offerings
We ranked these Open finance compliance platforms for banks based on three key factors: Regulatory Compliance (40% weight), Integration Capability (35% weight), and Scalability of Services (25% weight). Ozone API Platform scored highest due to its extensive global compliance certifications and robust integration capabilities, making it ideal for banks seeking comprehensive open finance solutions. Plumery benefits from strong partnerships and integration capabilities, while Data offers significant geographic coverage and infrastructure robustness.
Ranking Criteria Weights:
Ensuring compliance with global and local financial regulations is crucial for banking platforms
Strong integration capability facilitates seamless adoption and usage by banks
Scalability is important for handling large volumes of transactions and expanding into new markets
Frequently Asked Questions
- What are the typical costs and pricing models for open finance compliance platforms?
- Open finance compliance platforms like those offered by Ozone API and Yapily typically employ a SaaS (Software as a Service) pricing model charged monthly or annually. Prices are often tiered based on the number of API calls, data volume, or the breadth of services integrated. Additionally, platforms may offer modular pricing for bespoke services such as enhanced security measures or real-time analytics, aligning with industry standards like PSD2.
- What are the key criteria to consider when selecting an open finance platform?
- Key selection criteria include regulatory compliance, such as PSD2 adherence, and the ability to integrate with multiple bank APIs, as seen with Yapily's infrastructure. Other considerations involve evaluating the platform's scalability, security features, and the comprehensiveness of its ecosystem, highlighted by Ozone API’s global standards and Plumery's integration capabilities with industry leaders.
- What industry standards and compliance must be adhered to in open finance?
- Platforms must comply with regulatory frameworks like PSD2 across regions which mandates secure customer authentication and open API standards. Ozone API emphasizes global standards compliance, helping banks across 15+ markets to maintain regulatory integrity. Similarly, Token.io provides compliance through its protocol that ensures secure identity management and transaction integrity.
- What are the common implementation challenges and solutions in this space?
- Implementation challenges include integration complexity, maintaining data security, and ensuring performance at scale. Solutions involve leveraging platforms like Plumery, which offers a composable architecture for scalable implementations, and partnering with experts such as Finexer, which provides regulated pathways and tools to streamline Pay-By-Bank operations while ensuring PSD2 compliance.
- How is ROI and value delivery measured in open finance platforms?
- ROI in open finance platforms is often measured by the efficiencies gained in transaction processes, cost savings from reduced manual operations, and enhanced customer offerings. For instance, Finexer’s focus on instant payments and enrichment of data streamlines operations, thus improving cash flow, while Token.io's fast payments enhance transaction speed, directly impacting financial inclusion and customer satisfaction.
Our Promise: We promise to deliver the highest quality company and offering data, free from sponsored bias. We compile data from across the internet, to give the most accurate and true rankings, according to our transparent algorithms.