Vault22 is proud to announce a landmark partnership with Ozone API, the global leader in open banking infrastructure, to usher in a new era of financial innovation across South Africa and the wider African continent. Formalised at the Dubai Fintech Summit on May 12, this collaboration positions Vault22 at the forefront of regulatory readiness and digital transformation, empowering banks and fintechs to build more inclusive and secure financial ecosystems across emerging markets.

The collaboration aims to accelerate the rollout of open banking capabilities across South Africa and support financial institutions throughout the African continent.

To mark this milestone, both organisations have formally signed a Memorandum of Understanding (MOU) at the Dubai Fintech Summit on Monday, 12 May 2025. The signing reflects a mutual commitment to driving innovation, financial inclusion, and regulatory readiness in African markets.

Ozone API provides a powerful open banking platform, trusted by banks and financial institutions worldwide to deliver secure, compliant, and high-performing APIs. Vault22 will leverage this platform to enable its clients to meet regulatory requirements and build innovative new services on top of open banking infrastructure.

As open banking gains momentum across Africa, this partnership positions both companies to support regulators, banks, and fintechs in creating a more open and inclusive financial ecosystem - one that improves access, encourages innovation, and drives economic growth.

Benito Mable, Founder & CEO of Vault22 commented:

“We’re thrilled to partner with Ozone API to bring world-class open banking capabilities to our clients in South Africa and beyond. The formalisation of this partnership at the Dubai Fintech Summit is a powerful signal of our readiness to lead the charge in open finance innovation across Africa.”

Chris Michael, Co-Founder and CEO of Ozone API, said:

“Africa represents one of the most exciting frontiers for open banking. We’re proud to be partnering with Vault22, who bring a deep understanding of the regional market and share our vision of using open banking to power better, fairer financial services. Signing our MOU at the Dubai Fintech Summit underscores the global relevance of this collaboration and our shared ambitions for impact.”

This partnership reflects a growing momentum behind open banking in emerging markets and highlights the potential for global collaboration in building more connected and inclusive financial systems.