This arrangement is expected to provide EQ Bank with the framework to deliver open banking capabilities and launch new API data sharing methods. While a handful of banks have entered into API ...

In its most basic form, open banking allows customers to share their financial data with service providers other than their bank. Today, sharing data for consumers via open banking API is standard.

Huw Davies, CEO of Ozone API, says, “We’re delighted to confirm that we’re the first provider to launch a platform that reflects v4.0 of the Open Banking Standards for Open Banking Limited.

Global Adoption Patterns And U.S. Market Dynamics Europe leads global open banking adoption following the 2018 implementation of PSD2, with the U.K. achieving the highest third-party registrations.