This partnership allows banks and other financial entities to integrate the Ozone API platform directly into Plaid’s infrastructure via its FDX-enabled Gateway Partner Programme. Such integration connects customers to over 12,000 financial institutions and 8,000 fintech providers within Plaid’s expansive network.
Accelerating Open Banking Adoption
By partnering with Ozone API, Plaid aims to enhance its support for a broader range of financial institutions adopting modern API standards. The pre-integrated solution offered by Ozone API is expected to significantly reduce the time and effort required for institutions to launch secure and scalable open finance services while adhering to regulatory and technical requirements.
According to Ozone API representatives, this collaboration aligns with their mission to advance the commercial viability of Open Banking in North America. Plaid officials view the addition of Ozone API as part of an ongoing effort to improve API access, ensuring that institutions of all sizes meet stringent security, agility, and compliance standards within digital financial services.
This joint initiative combines Plaid’s established financial connectivity infrastructure with Ozone API’s focus on Open Banking, enabling institutions to implement Embedded Finance use cases and broaden their digital service offerings.