Plumery integrates Salt Edge's open banking gateway
Dutch digital banking software company Plumery has partnered with Salt Edge, an open banking solutions provider, to enhance digital banking journeys.
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.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
19 minutes ago
- Yahoo
Vietnam parliament approves hiking tax on alcoholic drinks to 90% by 2031
HANOI (Reuters) -Vietnam's National Assembly on Saturday approved a proposal to raise the special consumption tax on alcoholic beverages to 90% by 2031 from the current 65%, a move that will add to challenges facing the industry even though the top rate won't be as high as first flagged. Under the legislation, the tax rate on beer and strong liquor will rise to 70% by 2027, a year later than initially proposed, before reaching 90% in 2031. Vietnam currently imposes a 65% tax on these products and the initial proposal last year had the tax rising to as high as 100%. The finance ministry has said the aim of the higher taxes is to curb alcohol consumption. Vietnam is Southeast Asia's second-largest beer market, according to a report by consultancy KPMG in 2024. Vietnam's beer industry, led by Dutch brewer Heineken, Denmark's Carlsberg, and local brewers Sabeco and Habeco, has already faced challenges from stringent drink-driving laws introduced in 2019, which set a zero-alcohol limit for drivers. The country's Beer and Alcoholic Beverage Association chief has said industry revenue has declined for the past three years. In response to weakening demand and the initial proposal for the tax hike, Heineken last year suspended operations at one of its Vietnam breweries. On Saturday, the lawmakers also approved a new levy of eight percent on sugary drinks exceeding 5g/100ml of sugar that will take effect in 2027 and rise to 10% in 2028. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 hours ago
- Yahoo
Oak Park Heights announces new mayor, available council seat
The city of Oak Park Heights announced Wednesday that Chuck Dougherty will be taking over the position of Oak Park Heights mayor after the death of Mayor Mary McComber in May. McComber served as mayor from 2012 to 2025. 'Mayor McComber left some big shoes to fill, but in this time of transition, I am committed to providing steady leadership and ensuring continuity for our community,' Dougherty said in the announcement. 'I look forward to continuing to serve our community with dedication, working alongside our Council, staff and residents.' Dougherty previously served as deputy mayor and has had a seat on the Oak Park Heights City Council since 2013. He and his wife also own the Water Street Inn and the Cover Park Manor Bed & Breakfast. The city council is accepting applications for Dougherty's vacated council seat through Thursday, July 3, according to the announcement. Dougherty and the new council member will serve in these roles until November 2026, when a special election for the positions will occur. Both special elections would be for a two-year term to finish the remaining terms of McComber and Dougherty. Applications for Oak Park Heights City Council can be found on the city's website at or at City Hall at 14168 Oak Park Blvd. N. As mayor, Dougherty will help plan for the 2028 closure of the Allen S. King plant in Oak Park Heights. The plant currently provides close to 28 percent of Oak Park Heights' tax base. When running for city council in 2024, Dougherty said one of his priorities was coming up with a plan to minimize the effects the tax base loss will have on Oak Park Heights residents. Obituary: How a bridge got Mary McComber, mayor of Oak Park Heights, into local politics U of M researchers are planting 'survivor' trees in hopes of defeating Dutch elm disease State fund helps Oak Park Heights plan for PFAS treatment Oak Park Heights state of emergency declared to deal with water main break Four Stillwater teachers suspended for cheating on training program
12 hours ago
Sweden, Netherlands say before NATO summit they will spend 5% of GDP on defense
BRUSSELS -- Less than two weeks before a NATO summit, Sweden and the Netherlands said Friday that they intend to increase defense spending to 5% of their gross domestic product, in line with U.S. President Donald Trump's demands. Trump and his NATO counterparts meet for a summit in the Netherlands on June 24-25, where they're due to agree a new defense spending target. He insists that Europe must look after its own security, while Washington focuses on China and its own borders. Swedish Prime Minister Ulf Kristersson said that 'Sweden will reach a new NATO spending target to 5% of GDP, where at least 3.5% of GDP will be allocated towards core defense requirements to fulfill NATO's new capability targets." 'We are in a specific geographical situation where we need to meet the future threats from Russia,' Kristersson told reporters in Stockholm, standing alongside NATO Secretary-General Mark Rutte. After Russia launched its full-scale invasion of Ukraine on Feb. 24, 2022, NATO's 32 allies agreed to spend at least 2% of GDP on their military budgets. But NATO's new plans for defending Europe and North America against a Russian attack require investment of at least 3%. The aim now is to raise the bar to 3.5% for core defense spending on tanks, warplanes, air defense, missiles and hiring extra troops. A further 1.5% would be spent on things like roads, bridges, ports and airfields so armies can deploy more quickly, as well as preparing societies for possible attack. According to the most recent NATO figures, Sweden was estimated to have spent 2.25% of its GDP on defense last year. The Netherlands spent 2.06%, among 22 of the 32 allies who reached NATO's old benchmark. The Dutch caretaker government announced on Friday that it would increase spending on defense to 3.5% of GDP in an effort to meet the 5% goal. It's not clear where the approximately 18 billion euros ($20 billion) will come from. Dutch Defense Minister Ruben Brekelmans called the decision 'historic' and told reporters after a Cabinet meeting that he hoped other NATO countries would also increase their spending. 'My expectation is that this will happen,' he said. Poland and the Baltic countries — Estonia, Latvia and Lithuania — have already publicly committed to 5%, and Rutte said last week that most allies were ready to endorse the goal. A big question still to be answered is what time frame countries will get to reach the new spending goals. A target date of 2032 was initially floated, but Rutte has said that Russia could be ready to launch an attack on NATO territory by 2030. The United States insists that a near-term deadline must be set. But Italian Foreign Minister Antonio Tajani said on Thursday that his country would get to 5%,. but would require a decade to do so. Molly Quell reported from The Hague, Netherlands.
