Global partnership between Bespin and Altitude Consulting unveils the '1033 in 33 Days' service launch
In an exciting development for the financial sector, Altitude Consulting and Bespin Global have formed a strategic partnership to help banks prepare for Open Banking, a regulatory initiative that is set to revolutionise the industry.
Reuben Piryatinsky, the CEO of Altitude Consulting, a firm specialising in Open Banking and Dodd-Frank 1033 compliance, has emphasised the far-reaching impact of Open Banking on every facet of a bank's operations, including compliance, architecture, data strategy, and customer experience.
This partnership has launched a new program called '1033 in 33 Days', which provides a tailored, actionable, and future-proof roadmap for banks. The program aims to help banks achieve end-to-end Section 1033 compliance in various areas, offering processes and methodologies to minimise compliance and operational risks.
The program also aims to leverage Open Banking to create new revenue streams like premium data services and customer-centric products. Hitesh Patel, the CEO of Altitude Consulting, believes that this partnership will enable banks to craft comprehensive technology strategies that ensure compliance while positioning them for long-term success in a rapidly evolving financial ecosystem.
Steven Zeller, head of product strategy at Bespin Global US, is equally enthusiastic about the partnership. He states that it will enable the use of the latest in cloud, data, and AI technologies to meet regulatory requirements and open up new revenue streams for banks.
The country's largest financial institutions are required to comply with Open Banking regulations by April 1, 2026, while the smallest covered institutions have until April 1, 2030. The partnership between Bespin Global and Altitude Consulting is timely, as it offers banks a comprehensive solution to navigate the complexities of Open Banking compliance and implementation.
Further reading on the topic of Open Banking in the US and its potential for consumer-centric innovations is available. The Open Banking Expo USA is taking place on June 26, 2025, in New York, providing an excellent opportunity for banks and industry professionals to learn more about this transformative initiative.
It's clear that this strategic partnership between Altitude Consulting and Bespin Global is set to play a significant role in shaping the future of banking in the US. With their combined expertise in Open Banking and compliance, the two firms are poised to help banks navigate the complexities of this new regulatory landscape and position themselves for long-term success.
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