Latest news with #SaltEdge
Yahoo
41 minutes ago
- Business
- Yahoo
SyFu partners with Salt Edge for global card payment data integration
SyFu, a project in the DePIN (Decentralised Physical Infrastructure Network) × GameFi space, has partnered with open banking platform Salt Edge to enable card payment data integration across geographies. The collaboration will enable the direct integration of card payment data from over 5,000 banks in more than 50 countries directly into the SyFu app. The SyFu app, which operates within the Web3 space, offers an approach to everyday payment data by turning it into Non-Fungible Tokens (NFTs) and tokens through interactive gaming finance mechanisms. The platform uses a combination of non-custodial wallets, decentralised identities, and Soulbound Tokens to assign on-chain value to users' real-world expenditures. With the support of Salt Edge's platform, which complies with the Payment Services Directive 2 (PSD2) and connects globally, SyFu can now access and integrate payment data from credit and debit cards without requiring users to alter their existing payment methods. The move eliminates the need for manual input of payment history and users can continue to use their current cards while the SyFu app automatically updates their NFTs and token balances. The partnership also enhances SyFu's capabilities as a base layer for real-world applications of Web3 by providing real-time, verifiable economic data by using Salt Edge's authorised payment institution (AISP) licence. Looking ahead, SyFu aims to extend its operations into the EU and other markets, leveraging the partnership with Salt Edge to convert everyday spending into authenticated, on-chain contributions. SyFu founder Tomochika Kamiya said: 'Without changing their existing payment methods, users can enjoy an entirely new experience in which everyday spending is visualised as an economic contribution and transformed into digital assets. 'Through this collaboration, we aim to create a global cycle of value that seamlessly merges Web3 with the real economy.' Salt Edge open banking solutions expert Virgiliu Bodrug stated: 'We're thrilled to see creative, out-of-the-box use cases like SyFu, where payment data becomes the gateway to immersive Web3 experiences. This partnership is a perfect example of how fintech infrastructure can power entirely new digital economies.' Earlier this year, Moldova's digital wallet service Paynet teamed up with Salt Edge to comply with the country's PSD2 regulations. "SyFu partners with Salt Edge for global card payment data integration " was originally created and published by Electronic Payments 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. 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
Finextra
2 days ago
- Business
- Finextra
SyFu partners Salt Edge to enable card payment data integration across geographies
SyFu, a pioneering project in the DePIN (Decentralised Physical Infrastructure Network) × GameFi space, has partnered with Salt Edge, a leading global open banking platform, to integrate card payment data from more than 5,000 banks in over 50 countries directly into the SyFu app – transforming users' real-world spending into digital assets. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. SyFu is a Web3 lifestyle app that transforms everyday payment data into NFTs and tokens through engaging GameFi mechanics. By combining non-custodial wallets, decentralised IDs, and Soulbound Tokens, SyFu rewards real-world spending with secure, verifiable on-chain value. Through Salt Edge's PSD2-compliant and globally connected open banking platform, SyFu can securely integrate credit and debit card payment data without requiring any changes to users' existing payment methods. This eliminates one of SyFu's biggest onboarding challenges: the manual process of importing payment history. Now, users can simply pay with their existing cards, and SyFu will automatically reflect their spending in NFT growth and token accumulation. For SyFu, this integration unlocks multiple strategic advantages Frictionless onboarding: Users can participate instantly, increasing adoption and retention. Global reach: Salt Edge's connectivity with 5000+ financial institutions across 50+ countries supports SyFu's mission to create a truly borderless Web3 experience. New marketing opportunities: Enterprises can design NFT-driven loyalty programs and purchase-based reward campaigns, expanding SyFu's appeal to global brand partners. Enhanced DePIN infrastructure: Real-time, verifiable economic data strengthens SyFu's position as a foundational layer for real-world Web3 use cases. Security and compliance are at the heart of the collaboration. Leveraging Salt Edge's AISP license from the UK's Financial Conduct Authority (FCA) enables SyFu to expand internationally without handling separate local licensing. Coupled with ISO 27001 and PCI DSS certifications, users and partners can trust in the secure handling of their data. Looking ahead SyFu plans to expand into the EU and beyond, turning everyday spending into verifiable, on-chain proof of contribution. This partnership also reimagines the role of open banking in Web3, bridging fintech infrastructure with GameFi to unlock the untapped value of payment data. Tomochika Kamiya, Founder at SyFu said: 'Partnering with Salt Edge is a major step toward the new society SyFu envisions—one where spending itself becomes an asset. Without changing their existing payment methods, users can enjoy an entirely new experience in which everyday spending is visualised as an economic contribution and transformed into digital assets. Through this collaboration, we aim to create a global cycle of value that seamlessly merges Web3 with the real economy.' Virgiliu Bodrug, Open Banking Solutions Expert at Salt Edge said 'Open banking unlocks a vast range of possibilities far beyond traditional finance management. We're thrilled to see creative, out-of-the-box use cases like SyFu, where payment data becomes the gateway to immersive Web3 experiences. This partnership is a perfect example of how fintech infrastructure can power entirely new digital economies.'
Yahoo
20-06-2025
- Business
- Yahoo
LHV Bank, Salt Edge, Tuum enter open banking alliance
LHV Bank, a subsidiary of LHV Group, has partnered with Salt Edge and Tuum to bolster its open banking capabilities and streamline operations in compliance with UK regulations. The collaboration leverages Tuum's advanced core banking platform and Salt Edge's Open Banking Compliance solution to deliver enhanced services to customers. Since 2022, Tuum and Salt Edge have worked together to enable European financial institutions to adopt open banking features efficiently. Their partnership provides a modular, 'API-first' core banking system that integrates seamlessly with secure open banking functionalities. LHV Bank, a Banking-as-a-Service (BaaS) provider serving more than 200 fintechs with retail banking and business lending solutions, has benefited significantly from this alliance, said Tuum. To modernise its core banking infrastructure, LHV Bank selected Tuum's platform. Tuum sales vice president Miljan Stamenkovic said: 'Our partnership with Salt Edge allows institutions like LHV Bank to unlock the full potential of open banking while remaining fully compliant from day one.' Additionally, the bank adopted Salt Edge's Open Banking Compliance product to meet the UK's stringent open banking standards. The solution includes a comprehensive toolkit, management dashboards, and a robust third-party provider (TPP) verification system, allowing LHV Bank to prioritise the development of innovative banking products while ensuring regulatory compliance. LHV Bank product management domain lead Marten Vill said: 'Open Banking is an incredible opportunity but also a technical and regulatory puzzle. Salt Edge helps us solve that puzzle without spending years assembling all the pieces ourselves. 'This way, we can focus on delivering innovative banking services, not just ticking compliance boxes.' Recently, Dutch digital banking software provider Plumery collaborated with Salt Edge to improve digital banking experiences. "LHV Bank, Salt Edge, Tuum enter open banking alliance" 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.
Yahoo
12-06-2025
- Business
- Yahoo
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.
Finextra
10-06-2025
- Business
- Finextra
Plumery integrates with Salt Edge open banking platform
Plumery, the digital banking experience platform, and Salt Edge, a global leader in open banking solutions, have joined forces to accelerate the launch of next-generation digital banking experiences. 0 Through the partnership, Plumery has integrated Salt Edge's open banking gateway, enhancing its digital banking experience platform with real-time access to account aggregation and payment initiation capabilities across thousands of banks worldwide. The integration is available out-of-the-box, helping financial institutions reduce complexity, expedite compliance, and cut time-to-market for open banking-enabled features. Combining Plumery's developer-friendly, customer-centric platform with Salt Edge's expansive data connectivity and regulatory expertise means banks and other financial institutions can now deliver seamless, secure, and deeply embedded digital banking journeys, without the typical integration overhead. 'At Plumery, we believe in empowering banks to move faster without compromising user experience or compliance,' said Ben Goldin, CEO & Founder of Plumery. '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. Now, through our partnership with Salt Edge, we've unlocked a raft of new possibilities for financial institutions to build smart, secure, and frictionless banking experiences with ease, combining their own data with the data customers own across different financial institutions. Together, we're laying the foundation for what digital banking should be - composable, customer-led, and constantly evolving.' Crucially, the new integration simplifies access to end-users' financial data across all their accounts through a single API. In addition, it provides seamless connectivity to over 2,400 banks across Europe, empowering financial institutions to embed instant payments and transfers within their own apps or platforms so their customers can complete transactions without needing to switch. Maria Rusu, Business Development Manager at Salt Edge, 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.' The partnership comes at a decisive moment in global finance as banks feel the pressure of deepening regulatory complexity and rising customer expectations. Europe is set to be the initial focus of the joint venture, where open banking regulation is maturing and demand for embedded finance and personalised digital services is accelerating. Looking to the future, opportunities for Plumery and Salt Edge include the launch of next-gen personal finance tools powered by aggregated data and support for emerging embedded finance use cases.
