AutoSoft Dynamics has partnered with Ozoned Digital to integrate embedded insurance and Takaful capabilities into its digital banking ecosystem. The collaboration will connect Ozoned Digital’s insurance orchestration layer with AutoSoft Dynamics’ core banking platform, allowing financial institutions to incorporate insurance and Takaful services directly into digital banking journeys.
The integration is designed to support multiple stages of the insurance lifecycle, including underwriting, policy issuance, policy servicing and claims management. By bringing these capabilities into banking platforms, financial institutions can offer customers relevant protection products within existing digital journeys rather than requiring them to access separate insurance platforms.
The partnership also forms part of AutoSoft Dynamics’ broader strategy to develop an open financial technology ecosystem around its core banking platform. Through Open Banking APIs, the company is connecting its infrastructure with specialized InsurTech, RegTech and FinTech providers, allowing financial institutions to access additional services while maintaining their existing banking technology foundations.
The collaboration highlights the growing role of embedded financial services in the evolution of digital banking. By connecting banking infrastructure with specialized technology providers, financial institutions can introduce new products and services through integrated digital experiences, creating opportunities to expand beyond traditional banking while making financial and protection services more accessible to customers.
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