Ozone API

Chris Michael, Huw Davies, and Freddi Gyara founded Ozone API after leading the creation of the UK open banking standard at the Open Banking Implementation Entity (OBIE). Michael was CTO, Davies was Ecosystem Development Director, and Gyara was the lead technical architect and author of the standard. The firm launched to help banks implement the standard they had written, noting widespread difficulties in achieving compliant, high-performing deployments.

The platform provides standards-compliant API infrastructure for open banking and open finance. Its core functions include secure data sharing, account-to-account payment initiation, and developer sandbox testing. It supports multiple global regulatory standards — including NextGen PSD2, FDX API, and CDS — through SaaS, on-premise, or hybrid delivery models.

The platform is built to comply with all major open banking standards, including the UK's Open Banking Standard, Europe's NextGen PSD2, the US-based FDX API, and Canada's CDS. The firm lists active regional coverage across Europe, the Middle East and Africa, North America, Latin America, and Asia Pacific, with dedicated general managers in each territory.

Yes. According to the firm's disclosures, central banks and regulators use Ozone API's technology to design and run national open banking ecosystems. Specific mandates are not named on the public website, but the firm positions itself as an ecosystem infrastructure provider, distinct from a purely bank-facing compliance vendor.

The board is chaired by Dame Jayne-Anne Gadhia, former CEO of Virgin Money and founder of fintech Snoop. Co-founders Chris Michael, Huw Davies, and Freddi Gyara sit on the board alongside non-executive director Gordon Hague, a former private equity investor at 3i and Lloyds Development Capital. Day-to-day operations are managed by a leadership team with regional general managers covering Europe, North America, LATAM, MEA, and APAC.