Supernovae Labs, the first fintech accelerator in Italy dedicated to banks and financial institutions, joined forces with Salt Edge, open banking pioneer, to provide Italian financial institutions and third-party providers a much more secure and reliable way of aggregating bank data and initiating payments powered by PSD2.

Most Italian consumers and businesses are multi-banked, the concept of “being married to a bank for life” being long forgotten. As a 2020 report revealed, Italy’s end-users are mostly interested in saving time (57%) and ease of use (45%) when it comes to using digital banking. These figures can be easily extended to the 60% of the respondents in another survey who have stated to physically visit the bank a maximum of 2 times per year. The relationship between consumers and financial institutions is substantially changed, by putting the customer back at the center and allowing them to choose the services that fit their needs best.

Understanding the rapidly evolving paradigm, Salt Edge and Supernovae Labs are offering an open banking platform, ensuring connectivity to thousands of banks from over 50 countries worldwide. The collaboration between these two companies will help financial institutions leverage open banking opportunities and provide their clients with even more customer-oriented services, including getting an aggregated view of account data from the EU and other parts of the world, alongside the interpretation of it into financial insights, and initiate payments from banks across Europe.

We’re delighted to partner with Salt Edge who has proved to be a leader in providing open banking solutions. We, at Supernovae Labs, are committed to helping businesses accelerate their development by integrating high-end solutions, and Salt Edge’s Open Banking Gateway is bringing to the table exactly what the Italian market needs. We are looking forward to building a strong relationship and a successful partnership.

Carlo Giugovaz, founder and CEO at Supernovae Labs

Salt Edge’s Open Banking Gateway is providing connections to over 5.000 banks worldwide for account aggregation and enables payment initiation from more than 2.500 FIs in Europe. There are so many use cases emerging from these possibilities, from retail banks, lenders, credit bureaus to accounting companies, eCommerce, and others.

Open banking is redesigning the European payments’ market and drawing a clear line between how things used to be done and how they can be done now.  Joining forces with Supernovae Labs is directly supporting startups and is boosting innovation and contributes to creating a new competitive landscape with new rules of the game, allowing new players to participate – and all this with the main focus on the end-user.

Andrei Scutari, Country Manager Italy at Salt Edge