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Starling Bank’s Engine Integrates Ozone API, as Core Banking System Powers Salt Bank Launch

Starling Bank’s technology arm, Engine, is partnering with Ozone API, the open banking company, to integrate its platform into Engine’s SaaS core banking platform, enabling its clients to comply with changing open banking regulations in markets worldwide. 

Ozone API supports all major global standards, offering over 400 open banking/open finance standard APIs. This integration will enable Engine’s clients to meet compliance requirements quickly and easily and go beyond this to commercialise open banking with value-added services.

This partnership between Starling and Ozone API will enable digital-native banks and fintechs around the world to combine the industry-leading technology and deep expertise of Engine and Ozone API via a single integration and unlock the commercial value of open banking.

Huw Davies, CEO of Ozone API, comments: “This partnership is a real milestone for Ozone API. Being chosen to integrate with the platform that powers the four-time winner of Britain’s Best Bank demonstrates the quality of our open banking platform, and we’re incredibly excited to support their clients with ongoing open banking compliance and innovation.”

Sam Everington, CEO of Engine by Starling, also added: “Open banking provides a great deal of opportunity for banks, so it was important that our core banking platform could work flexibly for our clients. As a global leader in open banking, Ozone API also delivers the ideal plug-and-play solution for Engine, to help effectively meet the needs of our clients and the different regulatory standards around the world.”

Powering Salt Bank’s launch

The news comes as Salt Bank, a new digital bank in Romania’s financial landscape, launches less than 12 months after starting to build the project. Salt Bank becomes the first neobank using Engine by Starling’s core banking system outside of the vendor’s parent company, Starling Bank.

Salt Bank implemented the core banking system in partnership with GFT and Engine by Starling. GFT, which specialises in launching banks on next-generation technologies, was tasked with providing overall design and integration services.

Gabriela Nistor, CEO of Salt Bank, also commented: “Salt’s rapid onboarding and advanced features reflect our commitment to providing seamless, cutting-edge financial services to our customers. GFT’s dedicated team of specialists have excelled in delivering our new bank within a very challenging timeframe.”

GFT developed onboarding capabilities, as well as the technology model for Salt Bank, enabling it to manage its ecosystem of service providers as its success grows.

“The launch of Salt Bank showcases our global leadership in digital banking on modern platforms. This is the latest of many modern banking platforms we have launched worldwide in the last two years,” said Carlton Hopper, Engine by Starling executive sponsor and UK managing director at GFT. “We delivered an integrated, tailored, robust and secure banking platform for Salt. As the first to deploy Engine’s flexible platform, the programme sets a new standard. It incorporates all the innovation from Starling, enhancing efficiency in the industry.”

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