iFAST Global Bank Partners With Ozone API to Pioneer Open Banking v4.0 Transition

iFAST Global Bank is a UK digital bank owned by Singapore’s iFAST Corporation, offering multicurrency accounts for individuals and businesses. The UK’s Open Banking v4.0 aligns with ISO 20022 and adopts FAPI 1.0 Advanced, enhancing cross-border payment interoperability, security and transaction transparency.

iFAST Global Bank announced its partnership with Ozone API on April 23, 2026, after completing its upgrade from v3.1.11 to v4.0 in January of that year. Ozone’s technology has been in service at the bank since March 2023. The bank became profitable in the fourth quarter of 2024, while customer deposits have surpassed S$1 billion. Financial terms of the partnership were not disclosed.