Latest news with #SaltEdge
Yahoo
2 days ago
- 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
4 days ago
- 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.
Finextra
27-05-2025
- Business
- Finextra
Tradu chooses Salt Edge for PSD2 compliance
Tradu, a London-based multi-asset trading platform designed for active traders and investors, partnered with Salt Edge, a global leader in open banking solutions, to strengthen its security infrastructure, ensure seamless PSD2 compliance, and enhance user experience across its growing European customer base. 0 With a mission to make sophisticated trading simple and rewarding, Tradu provides access to thousands of tradable assets, including equities, commodities, forex, treasuries, and indices. A key part of delivering on that objective is full compliance with open banking regulations across the UK and EU markets. 'Security and compliance are at the core of our financial services. Our collaboration with Salt Edge enhances user trust, ensuring a seamless and protected financial experience.' Tomasz Stupnicki, Product Director and Founding Employee at Tradu The partnership with Salt Edge enables Tradu to address critical challenges in the financial sector, including regulatory compliance, fraud prevention, and user authentication, particularly in light of PSD2 regulations. Salt Edge's full-stack open banking compliance solution enables Tradu to: Ensure full PSD2 alignment with minimal internal development effort Streamline user authentication using secure, SCA-ready flows Prevent fraud while maintaining a frictionless customer experience Access optional services like the MCI exemption and a custom TPP portal 'Secure and compliant access to financial data is no longer optional; it's essential. Collaborations like the one between Salt Edge and Tradu are crucial for enabling innovative platforms to scale confidently while meeting strict PSD2 requirements. By providing seamless SCA and compliance tools, we're helping Tradu focus on what matters most: delivering a trustworthy and efficient trading experience to its users.' Dan Martalog, Senior Open Banking Solutions Expert at Salt Edge Future focus: Unlocking Open Banking-powered payments In addition to compliance and authentication services, Tradu is now in the final stages of adopting Salt Edge's Open Banking Gateway for Payment Initiation Services (PIS). This will allow Tradu users to top up accounts directly from their bank accounts in both the UK and EU, delivering a fast, secure, low-friction funding experience. As Tradu prepares to expand its wallet services across Europe, the partnership will support connections to over 500 financial institutions across more than 20 countries, simplifying both integration and compliance efforts
Yahoo
02-04-2025
- Business
- Yahoo
Backbase, Salt Edge partner to speed up open banking adoption
Engagement banking platform provider Backbase has formed a partnership with Salt Edge to expedite the adoption of open banking. This collaboration aims to assist banks in adhering to compliance demands while opening new revenue streams. It provides Backbase customers with direct access to Salt Edge's open banking compliance solutions through the Backbase Marketplace, facilitating seamless integration with the bank's technology stack. Banks striving for open banking compliance face challenges in establishing secure authentication flows with third-party providers (TPPs) for their web and mobile applications, highlighted Backbase. The firm further said that this often leads to significant IT expenditure on the development and maintenance of these systems. This tie-up between Backbase and Salt Edge offers a comprehensive solution that alleviates the need for additional build and maintenance costs, providing a turnkey solution for TPPs, according to the company. The solution includes an 'end-to-end' open banking compliance framework, seamless access to Salt Edge's product offerings for Backbase clients, and an enhanced customer experience for TPPs featuring a dashboard, self-service registration, and developer portals. This alliance also enables banks to convert their API infrastructure into a 'key' source of revenue growth. Backbase ecosystems general manager Roland Booijen said: 'By collaborating with Salt Edge, we enable banks to not only comply with open banking regulations but also to potentially monetise their APIs and offer seamless digital experiences to their customers.' By utilising Salt Edge's expertise in API aggregation and compliance, banks can securely connect with TPPs, offer value-added services, and explore innovative business models that take advantage of the open banking movement. Salt Edge ecosystem partner Iulian Mitrea said: 'Regulatory compliance should not be a bottleneck for banks but rather a catalyst for growth and innovation. 'By partnering with Backbase, we are equipping financial institutions with the tools they need to effortlessly thrive in the evolving open banking landscape.' Recently, Tirana Bank in Albania implemented Backbase's Engagement Banking Platform. "Backbase, Salt Edge partner to speed up open banking adoption" 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. Sign in to access your portfolio
Yahoo
19-02-2025
- Business
- Yahoo
Paynet teams up with Salt Edge over PSD2 compliance
Moldova's digital wallet service Paynet has partnered with open banking services provider Salt Edge, to support compliance with the country's payment services directive 2 (PSD2) regulations. Paynet, known for its financial management tools for both businesses and individuals, has developed the Paynet wallet and Paynet Mastercard to simplify financial transactions for users. The wallet allows for various financial activities, including utility bill payments and money transfers. As the February 2025 deadline for complying with Moldova's PSD2 law approached, Paynet sought a partnership to meet these new requirements. In a release, Salt Edge said that its full-stack open banking compliance solution will enable Paynet to conform to Moldova's PSD2 legislation. It provides automated processes for customer consent management, report generation, and support for third party providers (TPPs). This partnership is expected to help Paynet allocate resources efficiently and lower operational costs. Additionally, Salt Edge's security measures are said to mitigate fraud risks. Paynet CEO Calin Gryadchenko said: 'Working together with Salt Edge to implement an open banking solution will elevate our customers' experiences and reinforce Paynet's position as a leading fintech company in Moldova. 'This collaboration underscores our dedication to offering services of outstanding value adapted to the rapidly evolving market demands, marking a significant step forward in our mission to bring innovation to the financial industry.' Salt Edge senior open banking solutions expert Dan Martalog stated: 'We're thrilled to support Paynet in achieving open banking compliance and meeting Moldova's rigorous regulatory deadlines efficiently, all while enabling the company to deliver secure, reliable financial services to its customers.' Last month, Salt Edge partnered with fintech company Square, aimed at streamlining payment operations for sellers in the UK. "Paynet teams up with Salt Edge over PSD2 compliance " 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. Sign in to access your portfolio
