Ozone API launches guide to help banks commercialise open banking for revenue growth
Ozone API announced the launch of “Commercialising Open Banking: A Practical Guide” on March 30, 2026, to help banks transform regulatory compliance into revenue streams. The free resource outlines three API business models for quick commercial wins, addressing open banking mandates now active in around 60 jurisdictions globally.
Announcement specifics
The guide, released by Ozone API—founded by authors of the UK open banking standard—covers three strategic frameworks: foundational APIs for market presence through usage tiers on regulatory baselines, premium APIs for direct revenue including payment initiation and identity verification, and distribution channel APIs for growth by embedding products in third-party platforms. The resource includes 90-day quick wins, build-versus-buy analysis, regional specifics, performance metrics, implementation timelines, and common pitfalls. Brazil serves as a benchmark with 35 million active users and 2.3 billion weekly API communications demonstrating commercial scale.
“Open banking is now operating in around 60 jurisdictions. That should be a moment to celebrate. But the honest reality is most banks are still treating it as a compliance project. No commercial model, no revenue, no real incentive to go further. We wrote this guide because we’ve sat with banks, central banks, and regulators across six continents and seen what works.”
— Huw Davies, Co-founder and CEO at Ozone API
Why it matters: This statement underscores Ozone’s hands-on expertise across global implementations, positioning the guide as a practical resource drawn from real-world deployments rather than theoretical frameworks.
Industry context
Open banking infrastructure continues maturing globally, yet most banks view it as a cost centre amid ongoing expenses including API maintenance and security certifications. The guide shifts institutional focus toward monetisation strategies, mirroring Brazil’s demonstrated success and anticipating European Union PSD3 expansions.
Ozone API supports Bahrain and Kingdom of Saudi Arabia standards while powering regional banking institutions. The United Arab Emirates and Saudi Arabia advance toward distribution APIs, aligning with fintech development hubs in Dubai and Riyadh. This positions MENA for embedded finance growth amid Saudi Vision 2030 initiatives.
Conclusion
The guide equips banks to realise open banking’s commercial potential, with Ozone forecasting accelerated commercialisation and open finance milestones in 2026, particularly across emerging markets including MENA.
Sources: The Fintech Times, Ozone API Blog, Ozone API Global Coverage
