Backbase, a global leader in engagement banking, has partnered with Salt Edge, a leading provider of open banking solutions, to accelerate the adoption of open banking and help banks seamlessly meet compliance requirements while unlocking new revenue opportunities.

This collaboration enables Backbase customers to integrate robust open banking compliance solutions from Salt Edge. Available end-to-end through the Backbase Marketplace, it ensures seamless connectivity to the bank’s tech stack.

The hidden cost of being compliant 

Banks working toward open banking compliance struggle to build secure authentication flows between third-party providers (TPPs) and their web and mobile apps, resulting in millions of IT dollars spent in building and maintaining these solutions. 

With Backbase offering the banking and integration platform and Salt Edge providing a state-of-the-art open banking compliance solution, banks can now provide a turnkey solution to TPPs without additional build and maintenance costs. 

This solution includes: 

• end-to-end open banking compliance solution, 
• seamless access to Salt Edge’s products offering for Backbase customers,
• a great customer experience for TTPs with dashboard, self-service registration and developer portals.