logo

Ozone API to join Plaid's FDX-enabled Gateway Partner Program

Finextra4 days ago

Ozone API, the global leader in open banking technology, is proud to announce a new partnership with Plaid, the leading financial data network powering the digital financial tools that millions of people rely on.
0
As part of the collaboration, Ozone API will join Plaid's FDX-enabled Gateway Partner Program, bringing Ozone API's powerful open banking platform to Plaid's network of over 12,000 financial institutions and 8,000 fintechs across North America and beyond.
Ozone API provides a platform that enables any bank or financial institution to easily deliver open APIs that fully comply with the FDX standard. Through the partnership, the Ozone API platform provides this API as a seamless, out-of-the-box integration with Plaid's infrastructure, enabling customers of banks and financial institutions to seamlessly connect to thousands of apps on the Plaid network. The collaboration reflects a shared commitment to innovation, regulatory compliance, and enhanced customer value within the rapidly evolving financial landscape.
'We're incredibly excited to partner with Plaid,' said Huw Davies, Co-Founder & CEO of Ozone API. 'By joining Plaid's Gateway Partner Program, we can significantly accelerate open banking adoption across North America. This partnership empowers financial institutions to launch secure, scalable, and standards-compliant API services faster than ever, marking a major step forward in delivering true open finance and tangible commercial impact.'
'We're excited to welcome Ozone API to Plaid's Gateway Partner Program. This partnership underlines our mission to unlock financial freedom for everyone, no matter where their financial institution is in their open banking journey,' said Christy Sunquist, Head of Open Finance at Plaid. 'Partners like Ozone API are ensuring that financial institutions of all sizes are not only secure, but have the agility and innovation required in today's digital-first landscape.'
This collaboration marks a significant expansion for open banking capabilities, seamlessly combining Ozone API's deep standards and technology expertise with Plaid's rich network and established infrastructure in North America. Through this partnership, financial institutions will be able to harness the full potential of open banking, driving new avenues for growth, enriching customer experiences, and exploring innovative embedded financial services.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Investing in Skills is Investing in Wales' Future
Investing in Skills is Investing in Wales' Future

Business News Wales

timea day ago

  • Business News Wales

Investing in Skills is Investing in Wales' Future

In a world where industries are evolving rapidly and technology continues to reshape how we live, learn and work, the most valuable asset we have in Wales is our people. As Minister for Culture, Skills and Social Partnership, I understand how access to the right training at the right time can strengthen businesses, improve job prospects, and support a more resilient economy. I have a very personal insight into how we train the next generation of workers. I am a time-served engineer who trained and worked in advanced manufacturing, and I will always bring this experience to the table when looking at how we support learners and employers. The Flexible Skills Programme is one of the Welsh Government's most effective tools for supporting that ambition. Employers can access up to 50% of the accredited training costs, up to a maximum of £50,000 per application. From digital and cyber skills to engineering, and green technologies, and more, the programme gives Welsh businesses the support and flexibility to choose training that helps them upskill staff, boost retention, and adapt and grow in an ever-changing landscape. We know that these needs are pressing. In early 2025, the British Chambers of Commerce found that one in five firms had reduced their training budgets, citing financial pressures and competing priorities as challenges. These trends are particularly concerning for SMEs, which often face the greatest barriers to upskilling their workforce. By funding up to 50% of the accredited training costs, the Flexible Skills Programme helps ease the financial pressures and unlock new commercial opportunities. For SMEs in particular, this support can be transformative. Over the past two years, the programme has supported more than 8,000 training grants. With increased investment – from £1.3m to over £7.5million this year – even more individuals and businesses will be able to benefit, especially in skill areas that are critical to Wales' future economy and Net Zero goals. And while many Welsh organisations are increasing their focus on green technologies, 45% report lacking the confidence and skills to implement them effectively. This presents a clear opportunity for the Flexible Skills Programme to bridge the gap and equip our workforce with those critical skills. By developing a more capable workforce, businesses can increase productivity, improve efficiency, and boost staff confidence. In turn, this opens up new opportunities for innovation, service development, and market expansion. Broadening your team's capabilities will ensure both your staff and your business are equipped to meet the demands of tomorrow's economy. We've already seen this in action across Wales. Bisley, a Newport-based manufacturer long known for its steel storage solutions, has used the Flexible Skills Programme to support its expansion into wood furniture and digital design. The funding helped upskill staff in new technical areas, boosting agility, leadership, and productivity. With support from Business Wales, Bisley has adapted to changing customer needs, retained talent, and positioned itself for growth. It's a strong example of how investing in people can drive innovation and long-term success. The support also ensures that employees are not left behind as industries evolve. Whether someone is looking to move into a new role, take on more responsibility, or simply stay current in their field of work, having the opportunity to reskill or upskill is crucial. We want to create a workforce that is ready for the future and give businesses the tools they need to help people shape their careers. The Flexible Skills Programme is helping to build a stronger, more inclusive Welsh economy. It addresses the skills gap in our current workforce and supports both businesses and employees to thrive. If you're an employer in Wales looking to strengthen your team, I encourage you to explore what the Flexible Skills Programme can offer. It is a smart investment in your people, your business, and the future of the Welsh economy. Search 'Business Wales Flexible Skills Programme' to find out more.

£100 charge to home rates bills ‘could tackle NI's wastewater crisis'
£100 charge to home rates bills ‘could tackle NI's wastewater crisis'

Belfast Telegraph

timea day ago

  • Belfast Telegraph

£100 charge to home rates bills ‘could tackle NI's wastewater crisis'

The wider industry is warning that a £2bn funding gap for NI Water over the next eight years could see more than 6,000 homes unable to be built in the next three, while the worst case scenario could see a shortfall of up to 20,000 houses. 'Northern Ireland is no longer simply under strain – it is facing a full-blown crisis,' a fresh study says. The study has carried out by Grant Thornton and Turley Economics, on behalf of the Northern Ireland Chamber of Commerce and Industry (NI Chamber), Construction Employers Federation (CEF) and Northern Ireland Federation of Housing Associations (NIFHA). 'At the heart of this crisis lies a funding model which is not sustainable,' it says. 'NI Water is reliant on continuing subsidies from the Department for Infrastructure (DfI), without a significant stream of revenue against which it can address long-term infrastructure investment and leaving its finances subject to the limitations and uncertainties of the NI Executive's budget. 'Now, as the critical infrastructure investment needed approaches £3.9bn, we face a stark choice: continue to defer the inevitable or confront it with clarity and a commitment to long-term reform. 'The evidence is clear, continuing to rely solely on public subsidy is not viable, unless the UK Government steps in and injects significant new capital. We know this is highly unlikely without joint political pressure from all NI Executive parties. 'The scenarios modelled in this paper show that practical, fair, and less financially challenging solutions are possible – but all involve political choices. Whether through borrowing, rates-based levies, developer contributions, or innovative financing models, addressing the investment backlog is now unavoidable.' Among the suggestions for revenue raising are the idea of developer contributions – something which the Infrastructure Minister is considering as part of a recent consultation. However, the study says 'they are not expected to generate the billions of pounds required and could result in two-tier housing delivery'. It's also suggesting different models linking NI Water to our domestic rates bills. Northern Ireland is the only region in the UK in which households don't pay directly for their water. 'To enable NI Water to access private capital markets on favourable terms, a 'Hypothecated Infrastructure Levy' could be introduced that retains public ownership of NI Water, supports long-term strategic investment and minimises pressure on the NI Executive's budget,' it says. Over the next few years it says adding around £95 to an annual domestic rates bill could largely help address the £2bn deficit. 'Our most conservative estimate assumes a continuation of the current downward trend (around 12% reduction year-on-year) in new home completions and a continued failure to bring forward any of the necessary wastewater infrastructure projects within the next three years (the current Price Control period). This will result in a dramatic 4% reduction in the overall construction sector workforce in Northern Ireland (currently circa 60,500) by the end of 2027.' That could lead to 'rising rental costs' and 'housing stress', resulting in a loss of 1,690 jobs in the wider construction sector. 'Northern Ireland is no longer simply under strain – it is facing a full-blown crisis,' the report says. 'A crisis, by definition, is a critical juncture marked by an acute imbalance between demands and resources, where failure to act leads to widespread negative consequences. This precisely describes the situation NI finds itself in today. As with so many crises, the true cost of inaction will only be clear once it is too late.' Infrastructure Minister Liz Kimmins launched a public consultation on Developer Contributions for Wastewater Infrastructure, earlier this year. It proposes two options – voluntary developer contributions, to offset the costs of upgrading or replacing the wastewater infrastructure preventing new connections in the specific areas where they are unable to build, or compulsory contributions. But in an interview with Ulster Business, Infrastructure Minister Liz Kimmins are not on the cards, while she isn't sold on mutualisation as an option for NI Water. '[The issues have been there] as a result of years and years of chronic under investment,' she said. 'For me, there's not enough investment. 'The only options that have been presented to me, other than what I'm doing, are options that will lead to water charging… and that's not something that I am willing into do.' The latest report says while 'much of the immediate impact is now unavoidable… whatever harm can be ameliorated in the short term must be, and solutions agreed upon matched by commitments that provide certainty for the future'. 'The prize of addressing the problem, is an additional net £2.5bn Gross Value Added (GVA) added to our economy, stimulated by housing led growth and enabled by the delivery of our required wastewater infrastructure.'

FedEx cost cuts boost quarterly profit above Wall Street target
FedEx cost cuts boost quarterly profit above Wall Street target

Reuters

time4 days ago

  • Reuters

FedEx cost cuts boost quarterly profit above Wall Street target

LOS ANGELES, June 24 (Reuters) - FedEx (FDX.N), opens new tab reported better-than-expected quarterly profit, after cost cuts and improved export volumes pushed operating margins higher, and signaled caution ahead with a forecast for the current quarter that was short of analysts' target. The Memphis-based package delivery firm's adjusted profit was $1.46 billion, or $6.07 per share, for the fiscal fourth quarter ended May 31. That was up from adjusted profit of $1.34 billion, or $5.41 per share, a year earlier. Revenue was up just 0.5% to $22.2 billion. Analysts, on average, expected earnings of $5.81 per share on revenue of $21.79 billion, according to data compiled by LSEG. FedEx forecasts fiscal first quarter adjusted profit of $3.40 to $4 per share, below analysts' estimates of $4.06 per share, according to LSEG.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store