ClearBank taps Ozone API to accelerate open banking across UK & EU

By Gloria Methri

ClearBank, a provider of real-time clearing and embedded banking services, has partnered with Ozone API, an expert in open banking technology. The collaboration will enhance ClearBank’s open banking API capabilities and accelerate the adoption of open banking across global markets, well beyond basic PSD2 compliance.

This move aligns with ClearBank’s international expansion, following its entry into the European market via the Netherlands in 2024. By integrating Ozone API’s advanced, standards-compliant open API platform, ClearBank aims to deliver next-generation, future-proof APIs that enable seamless compliance and open finance innovation in both the UK and EU.

“This partnership is key for us in ensuring we maximise the capabilities of our platform for our clients,” said Spiros Theodossiou, Chief Product and Technology Officer at ClearBank. “Collaborating with Ozone API has allowed us to do just that—not only in the UK but also in the Netherlands as we expand into Europe.”

Ozone API brings a wealth of experience delivering open banking infrastructure across regions, including Europe, the Middle East, LATAM, and North America. With this collaboration, ClearBank is now positioned to leverage global best practices in open banking compliance while scaling operations in markets ripe for open finance transformation.

“Working with ClearBank is an exciting development for us,” said Huw Davies, Co-founder and co-CEO of Ozone API. “We’re combining technologies to create a next-gen, open banking-ready technology stack that empowers financial institutions to seize the open finance opportunity.”

Strategic Benefits:

• Accelerates open banking deployment across global markets
• Enhances ClearBank’s regulatory compliance for open APIs in the UK and EU
• Supports mutual customers with a scalable and standards-aligned API stack
• Expands ClearBank’s reach into new markets and product offerings via embedded banking solutions