GFT and Ozone API partner to advance open banking in Canada

January 29, 2026

Canada-focused digital transformation firm GFT has partnered with open API platform specialist Ozone API to help Canadian financial institutions navigate the country’s transition to open banking as regulatory developments accelerate adoption.

The partnership is positioned around Canada’s evolving open banking landscape, with the companies pointing to Budget 2025’s acceleration of the Consumer Driven-Banking Act as a key factor shaping the market’s direction. While governmental backing and consumer demand are building, the companies said many banks are delaying investment due to a lack of specialist resources to manage regulatory compliance, heightened security requirements, and consent-based customer data sharing, while also pursuing the strategic growth opportunities associated with the model.

GFT said it will combine more than 35 years of financial services expertise with Ozone API’s open API platform to remove implementation barriers and enable banks to become open banking compliant more quickly.

Ozone API’s founding team created the first global open banking standard in the UK and has since supported initiatives in other countries, including powering ecosystems for central banks globally.

The companies said their joint offering will provide an end-to-end approach to delivering open APIs, spanning security and customer management, with the aim of streamlining open banking roll-outs while maintaining compliance with shifting regulatory standards. They also highlighted the ability for banks to integrate open APIs and embedded finance capabilities into existing infrastructure, supporting efforts to reimagine customer experiences, expand consumer financial freedom, and unlock new revenue streams.

GFT CEO Canada André Gagné said, “Open banking offers significant potential for Canadian financial institutions, provided they have the right technology to manage and use the data it introduces.

“While Canada advances toward a standardized framework, institutions still face important steps on the path to full implementation. Tools like the Ozone API platform help bridge those gaps by simplifying integration, supporting compliance, and accelerating value generation. It provides a strong foundation for financial institutions as open banking gains momentum nationwide.”

Ozone API co-founder and CEO Huw Davies said, “Our goal from the start has been to help financial institutions to quickly and simply deliver open APIs that meet regulations, but also to go beyond compliance to unlock commercial value.

“Open finance is picking up steam globally and is laying the foundations for banks to reimagine how they engage with customers and help them to get more from their finances. We are dedicated to bringing North American banks into this fold, accelerating their open banking journeys through our work with GFT.”