{"id":566534,"date":"2025-01-30T11:33:35","date_gmt":"2025-01-30T10:33:35","guid":{"rendered":"https:\/\/ibsintelligence.com\/?post_type=ibsi_news&p=566534"},"modified":"2025-01-30T11:34:19","modified_gmt":"2025-01-30T10:34:19","slug":"ozone-api-productcloud-enable-open-banking-compliance-for-australian-firms","status":"publish","type":"ibsi_news","link":"https:\/\/ibsintelligence.com\/ibsi-news\/ozone-api-productcloud-enable-open-banking-compliance-for-australian-firms\/","title":{"rendered":"Ozone API & ProductCloud enable open banking compliance for Australian firms"},"content":{"rendered":"

\"OzoneOzone API,<\/a> a global open banking technology, has announced its partnership with ProductCloud<\/a>, a platform that streamlines product information management.<\/p>\n

The new\u00a0partnership<\/a> will help Australian companies comply with Consumer Data Rights legislation. It will provide a technology platform that removes complexity and enables them to rapidly deliver open APIs aligned with the latest version of the Australian Consumer Data Standard.\u00a0<\/span><\/p>\n

This follows the Australian Government’s recent announcement of a series of changes to the Consumer Data Rights (CDR). This opt-in service empowers consumers to share their data securely, with complete control and transparency over who it\u2019s shared with and why.<\/p>\n

With non-bank lenders now needing to comply with these regulations, Ozone API and ProductCloud offer a unique combined proposition enabling relevant organisations to meet open banking regulations quickly and cost-effectively. Ozone API\u2019s solution is already CDR-compliant.<\/p>\n

With ProductCloud, Ozone API is working alongside a trusted partner who has a deep understanding of the open banking landscape in Australia. By sharing knowledge of their respective markets, both companies remain one step ahead of their competitors while providing customers with the best-in-class experience.<\/p>\n

Huw Davies, Co-founder and CEO of Ozone API,<\/strong> said, \u201cOur platform is already helping banks and financial institutions around the world to deliver standards compliant with open banking APIs, including in line with the CDR standard. We\u2019re really excited to combine our global expertise in open finance with ProductCloud\u2019s innovative product management platform. Together, our solutions remove the complexity of achieving and maintaining CDR compliance, allowing organisations to focus on their core business.\u201d<\/p>\n

Mark Evans, Co-founder and CEO of ProductCloud,<\/strong> said, “Since launching ProductCloud back when CDR kicked off, we have had our sights on being the go-to Product Information Management and CDR Compliance platform for Financial Institution Product Managers. Partnering with Ozone API is an exciting development because they have also been pioneers in open finance. Collaborating with our respective SaaS platforms and APIs will provide a unique offering for rapid and cost-effective open banking compliance.”<\/span><\/p>\n","protected":false},"author":35800,"featured_media":566536,"parent":0,"template":"","categories":[11373,11372],"tags":[49035,38414,12821,11500,23617,16301,25952,49036,46885],"class_list":["post-566534","ibsi_news","type-ibsi_news","status-publish","has-post-thumbnail","hentry","category-regtech","category-risktech","tag-apac-fintec","tag-australia-news","tag-banking-technology","tag-compliance","tag-fintech-regulations","tag-open-banking-technology","tag-ozone-api","tag-product-cloud","tag-regtech-news"],"acf":[],"yoast_head":"\nOzone API & ProductCloud enable open banking compliance<\/title>\n<meta name=\"description\" content=\"Ozone API, a global open banking technology, has announced its partnership with ProductCloud, a platform that streamlines product\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ibsintelligence.com\/ibsi-news\/ozone-api-productcloud-enable-open-banking-compliance-for-australian-firms\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ozone API & ProductCloud enable open banking compliance for Australian firms\" \/>\n<meta property=\"og:description\" content=\"IBS Intelligence (IBSi) is the world\u2019s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. 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