Ozone API expands into MENA to accelerate open banking and open finance in the region

Ozone API expands into MENA to accelerate open banking and open finance in the region

Dubai - Ozone API, developer of the leading standards-based software for open finance, has expanded its international team with a focus on the MENA region, aiming to provide financial institutions, central banks and regulators with the technology and expertise to build a thriving ecosystem.

The pioneering founders of Ozone API led the development of the world’s first Open Banking Standard, which became a blueprint that provided the foundation for ecosystems across the world. The Ozone API software is also powering open banking and open finance for 60 banks and financial institutions, with 7 hubs now deployed in key regions around the world.

Nihal Abughattas joins as General Manager for MENA. She will be responsible for shaping corporate and go-to-market strategy for Ozone API in the region, driving business growth and building strategic partnerships. Nihal is also a Founding Board Member of MENA Fintech Association and has extensive experience with the financial services ecosystem in the region.

MENA expansion

Ozone API’s mission has always been to accelerate open banking and open finance. The MENA region already has a vibrant open finance landscape and that is set to continue to develop across more markets in the region and ultimately beyond open finance. For a period of