NEW YORK, March 18, 2025 /PRNewswire/ — Bespin Global, an award-winning consulting firm specializing in financial services data & AI solutions for Google, Amazon, and Microsoft cloud platforms, today announced a strategic partnership with Altitude Consulting, North America’s foremost advisory firm on Open Banking and Dodd-Frank 1033 compliance. This collaboration aims to empower U.S. banks to seamlessly prepare for and implement open banking initiatives, starting with an innovative quickstart service—“1033 in 33 Days.”
The partnership comes at a crucial time as U.S. banks with assets ranging from $10 billion to $250 billion face a looming 2027 deadline to comply with Section 1033 of the Dodd-Frank Act. This regulation mandates that financial institutions provide consumers with access to their financial data in a secure and standardized way, paving the path for Open Banking in the U.S.
What Is Open Banking?
Open Banking enables consumers to securely share their financial data with third-party applications and services through API integrations. This fosters innovation, transparency, and competition in financial services. With Open Banking, consumers gain more control over their finances—whether it’s through budgeting tools, enhanced loan options, or personalized investment advice. Financial institutions gain added benefits that include secure transmission of consumer data, transparency into the uses of that data, and control of the third parties that receive access.
For example, integrations with open banking platforms like Finicity and Ozone API allow banks to offer customers a more seamless digital banking experience. Consumers can link multiple accounts, analyze spending patterns, and access tailored financial products—all from a single app.
“1033 in 33 Days” Quickstart Program
Designed to help banks rapidly align with CFPB’s Section 1033 requirements, “1033 in 33 Days” offers a streamlined, outcome-driven path to compliance and modernization:
Steven Zeller, Head of Product Strategy at Bespin Global US, emphasized the transformative potential of Open Banking:
“This partnership with Altitude Consulting allows us to harness the latest in cloud, data, and AI technologies to not only meet regulatory requirements but also open up entirely new revenue streams for banks. Open Banking is about more than compliance—it’s about using data to create personalized, customer-centric experiences that drive growth.”
Reuben Piryatinsky, CEO of Altitude Consulting, highlighted the importance of a holistic approach:
“Open Banking impacts every facet of a bank’s operations—from compliance and architecture to data strategy and customer experience. With this partnership, we’re helping banks craft comprehensive technology strategies that ensure compliance while positioning them for long-term success in a rapidly evolving financial ecosystem.”
Easing the Journey for Mid-Tier Banks
For mid-sized banks, navigating the complexities of Open Banking can be daunting. That’s where Bespin Global’s deep bench of skilled engineers and Altitude Consulting’s decades of banking technology expertise come into play. Together, they offer a unique blend of technical execution and strategic advisory, easing the compliance journey while unlocking new revenue opportunities.
Consider a mid-tier bank that wants to offer customers a personal finance management tool showing all of their external accounts in one place. With Bespin Global managing the backend integrations and Altitude Consulting overseeing compliance and strategic alignment, the bank can rapidly roll out this capability—providing customers with valuable insights into their spending habits while opening new monetization avenues through premium account services.
Unlocking Innovation and Opportunity
With Altitude Consulting’s deep expertise in banking technology and API strategies, combined with Bespin Global’s world-class team of cloud and data engineers, U.S. banks gain a distinct competitive edge. This partnership empowers banks to navigate the complexities of Open Banking while capitalizing on new opportunities to enhance customer engagement, grow revenue, and innovate in a rapidly shifting financial landscape.
About Bespin Global
Bespin Global has won AWS Global MSP of the Year (2023), Google Cloud Expansion Partner of the Year (2023), and is a Visionary in Gartner’s Magic Quadrant for Public Cloud (2024). With 1,300 cloud engineers across ten countries, Bespin Global is a leading provider of Professional Services, Managed Services, and Data/AI Consulting. Specializing in public cloud implementations on Amazon Web Services, Google Cloud Platform, and Microsoft Azure, Bespin Global services enterprise and mid-market customers in financial services, healthcare, manufacturing, and entertainment through the phases of migration, modernization, data transformation, and operations.
Learn more: www.bespinglobal.us
PR Contact: marketing@bespinglobal.com
About Altitude Consulting
Altitude Consulting is an open finance advisory and implementation firm. Altitude helps financial institutions build open finance capabilities and industry-leading products, and differentiate through a structured approach and partnerships across the industry. Altitude’s team has extensive experience in C-Suite advisory, compliance, payments, big data, Generative AI, product development, and cloud technology. Altitude works collaboratively with all stakeholders to support clients’ objectives, deliver measurable ROI, and gain a competitive edge.
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SOURCE Bespin Global
