A newly announced strategic partnership between CRIF and open banking API solution provider Ozone API will help financial institutions securely share their data and create new financial solutions that enhance data-driven decision-making, streamline operations, and improve customer satisfaction.
“By partnering with Ozone API, we are combining our strengths to create a seamless and efficient banking experience for our clients,” CRIF Digital Platform Business Development & Ecosystem Strategy Senior Director Andrea Martellone said. “This collaboration aligns perfectly with our mission to innovate and provide advanced solutions that drive growth in the financial sector.”
The collaboration combines CRIF’s credit information and decision support systems with Ozone API’s open banking experience and secure, standards-compliant technology. Not only will the partnership assist financial institutions in meeting evolving needs, CRIF and Ozone API will also enable them to provide more personalized and efficient banking services to their customers now.
“This is an exciting partnership for Ozone API, as this will 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,” Ozone API Global Partnership Lead James Bushby said.
Headquartered in the U.K., Ozone API was founded in 2017. The open banking API platform helps banks and financial institutions take advantage of the opportunities of open banking and open finance with its compliant, open API technology. Ozone API’s technology supports all international standards and empowers financial institutions to create real commercial value and monetize open finance globally. The company began 2024 securing $11.3 million (£8.5 million) in Series A funding in a round led by Gresham House Ventures.
CRIF introduced itself to Finovate audiences in 2014 as part of our FinovateEurope conference. The company provides credit information services for business and marketing; business intelligence services, including credit ratings and data analysis; and digital solutions to support business development and open banking. Founded in 1988 and headquartered in Bologna, Italy, CRIF today serves more than 10,000 financial institutions, more than 90,000 business clients, and more than one million consumers. The company operates in 39 countries across four continents.
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Conclusion:
CRIF and Ozone API have teamed up to bring innovative solutions to the banking sector, leveraging the power of open banking and secure data sharing. This partnership will not only facilitate better decision-making for financial institutions but also enhance customer experiences by providing personalized and efficient services. With a focus on driving financial inclusion and empowering users to make informed decisions, CRIF and Ozone API are set to revolutionize the way banking is done. Stay tuned for more exciting developments from this collaboration!
