Plumery integrates Salt Edge's open banking gateway
The partnership focuses on integrating Salt Edge's open banking gateway into Plumery's platform, providing 'real-time' access to account aggregation and payment initiation capabilities across banks worldwide.
It is designed to be available out-of-the-box, reducing complexity and expediting compliance for financial institutions.
This collaboration aims to cut time-to-market for open banking-enabled features.
By combining Plumery's platform with Salt Edge's data connectivity and regulatory expertise, the partnership hopes to simplify access to end-users' financial data across all their accounts through a single API.
It also provides connectivity to over 2,400 banks across Europe, enabling payments and transfers within financial institutions' apps or platforms.
Plumery CEO and founder Ben Goldin said: 'At Plumery, we believe in empowering banks to move faster without compromising user experience or compliance.
'Our developer-friendly platform has always prioritised the customer experience by allowing banks to constantly enhance their services and respond to market demands at speed.'
Salt Edge business development manager Maria Rusu said: 'Plumery brings a fresh and highly flexible approach to building digital banking journeys. Its composable platform aligns perfectly with Salt Edge's mission to make open banking adoption simple and secure.
'This collaboration will enable financial institutions to accelerate their open banking and open finance initiatives, empowering them with real-time data access, secure account-to-account payments and compliant future-ready digital services.'
As per the announcement, the partnership is timely as banks face increasing regulatory complexity and rising customer expectations.
Europe will be the initial focus, where open banking regulation is maturing and demand for embedded finance and personalised digital services is growing, the companies said.
Future opportunities for Plumery and Salt Edge include launching next-gen personal finance tools powered by aggregated data and supporting emerging embedded finance use cases.
"Plumery integrates Salt Edge's open banking gateway " was originally created and published by Retail Banker International, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
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