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Ozone API and Thistle Initiatives Partner for PSD3 Compliance

Thistle Initiatives, part of the Thistle Group is delighted to announce its partnership agreement with Ozone API,  the global open banking leader. This strategic alliance aids financial institutions in navigating PSD3 compliance swiftly. With expertise in open banking and regulatory consultancy, this partnership promises accelerated compliance and enhanced industry knowledge.


As Ozone API’s partner, Thistle Initiatives specialises in helping firms looking to expand their business into the payment services and e-money sector, including the open banking space via industry-leading regulatory consultancy advice and guidance. Together, we are well-positioned to guide financial institutions through the complexity of delivering and maintaining open banking regulatory compliance.


James Bushby, General Manager UK, Europe and APAC, Ozone API, comments: “We’re delighted to have formalised our collaboration with Thistle Initiatives. The Thistle team has a deep understanding of the relevant regulatory landscape, and we look forward to collaborating with them to support financial institutions within the UK and across Europe by implementing scalable Open Banking solutions that open new revenue streams and facilitate sustainable growth, in compliance with PSD3.”

Lorraine Mouat, Head of Payment Services at Thistle Initiatives, adds: “Ozone API stands out as a leader in Open Banking, playing a pivotal role in global standards development and being chosen by numerous financial institutions and Central Banks for their Open Banking implementations. Through our strategic partnership, banks can accelerate their compliance with PSD3, allowing them to capitalise on commercial opportunities sooner than anticipated.”


About Ozone API 


The three founders of Ozone API helped create the open banking blueprint in the UK – leading the development of the UK open banking standard and driving the development of the ecosystem. Now, Ozone API’s platform is powering the open APIs of banks around the world and it supports all major global Open Banking standards.


Visit Fintech Finance News for more information.  


About Thistle Initiatives 


Thistle Initiatives, part of the Thistle Group, is a multi-award-winning compliance consultancy, providing advice and support to regulated and unregulated firms internationally and across the UK. Since launching in 2012, we have become one of the largest members of the APCC and have proudly supported over 1000 firms to become FCA authorised.  


 Our 70+ team of financial industry specialists, compliance officers, ex-regulators and lawyers is dedicated to providing support with FCA Authorisations, Acquisition Due Diligence, Audits, Supervision and Enforcement and ongoing compliance advice and support, to sectors including Investments, Payment Services, Credit, Mortgages, Digital Assets and General Insurance.   


With a strong focus on financial crime compliance, we support firms to navigate the complexities of financial crime regulations, including anti-money laundering, anti-bribery, counterterrorism, and tax evasion.  


We are guided by a principle to be much more than a compliance consultancy; our philosophy of providing a world-class service and hands-on approach, from a problem-solving and commercial focus, means we strive to be trusted by the regulator and our valued clients alike.   


For more information, please call 0207 436 0630 or email