Bespin Global teams up with Altitude Consulting to launch ‘1033 in 33 Days’ service
Ellie Duncan | News
18 Mar 2025
Financial services consulting firm Bespin Global has formed a strategic partnership with Altitude Consulting, a North American advisory firm specialising in Open Banking and Dodd-Frank 1033 compliance, to help US banks ready for and implement Open Banking.
Bespin Global and Altitude Consulting have launched a “quickstart” service, called ‘1033 in 33 Days’.
The new program is designed to enable banks to achieve end-to-end Section 1033 compliance across compliance, risk, architecture, data, product, and customer experience, as well as to leverage Open Banking to create new revenue streams, such as premium data services and customer-centric products.
In addition, the “quickstart” service will provide financial institutions with a “tailored, actionable and future-proof roadmap”, incorporating processes and methodologies to minimise compliance and operational risks.
The program also offers an ‘implementation plan’, with Bespin Global’s professional services team on hand to help banks achieve data modernisation and Open Banking implementation.
Steven Zeller, head of product strategy at Bespin Global US, said: “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.”
Compliance with the rule is being implemented in phases, with the country’s largest financial institutions required to comply by April 1, 2026, while the smallest covered institutions have until April 1, 2030.
Reuben Piryatinsky, chief executive officer of Altitude Consulting, added: “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.”
Further reading: Open Banking in the US – a new era of consumer-centric innovations?
The inaugural Open Banking Expo USA is taking place on June 26, 2025 in New York. Click here to find out more about partnering, exhibiting and speaking, and to register to attend.
