Bayes Centre Partner Smart Data Foundry has announced a new partnership with Ozone API and the launch of two open banking-focused tools: the Standards Library and the Innovation Atlas, designed to support and accelerate financial innovation in Open Banking. Image Located in the Bayes Centre, Smart Data Foundry is a collaboration between the University of Edinburgh, FinTech Scotland and the Financial Data and Technology Association (FDATA) to build a data-driven research & innovation organisation in Financial Services and FinTech, serving public, private and voluntary sectors. In the new partnership with Ozone API — the standards-based open API platform — the Smart Data Foundry has launched two tools in a move to support financial innovation: the Standards Library and the Innovation Atlas. The Standards Library aims to help financial institutions and innovators understand the global landscape, making it quicker and easier to acknowledge and compare the different technical standards adopted by a geography or financial system. Meanwhile, the Innovation Atlas provides an overview of what open banking initiatives are happening where. The levels of financial inclusion, telecommunication challenges, and banking and data privacy regulations are documented and viewable in a navigable map. Ongoing additions and updates are set to be added to the Standards Library and Innovation Atlas on a quarterly basis, as to reflect the changing global landscape. We are delighted to partner with Ozone API to bring these two products to market, allowing for the acceleration of innovation in Open Banking, Open Finance and Open Data across the globe. Bryn Coulthard, chief product and technology officer at the Smart Data Foundry. Today’s launch of the Standards Library and Innovation Atlas could not come at a better time as we see ever-increasing complexity in the global standards landscape. We know, as we’re at the sharp end of helping banks and regulators around the world to deliver standards based open APIs. Huw Davies, co-founder & chief commercial officer at Ozone API We’re delighted to partner with Smart Data Foundry to deliver these valuable tools to the market in order to help accelerate innovation. Related Links Inspiring innovation with Ozone API (smartdatafoundry.com) Smart Data Foundry launch open banking partnership and tools (digit.fyi) This article was published on 2024-06-06
