Salt Edge announced today that it now offers a simple solution which enables companies to get instant access to open banking channels in a compliant way, without having their own PSD2 licence.
Salt Edge Partner Program is designed for lenders, credit bureaus, finapps, that are looking to create services based on clients’ account data but that prefer to entrust to a third party the enormous efforts that come with regulatory requirements and bank integrations.
PSD2 imposes strict requirements upon companies that want to integrate with bank PSD2 channels, such as obtaining PSD2 licences, building and maintaining an entire infrastructure, getting eIDAS certificates, and much more.
Connecting to banks across the EU is challenging as well. The created PSD2 interfaces are quite diverse from bank to bank even in the same country, having different documentation, technical specifications, and the integration processes themselves differ. As a result, companies need to invest endless resources like capital, human, technology, knowledge, and time if they want to build innovative services based on open banking channels.
Via Salt Edge Partner Program, companies can start using real-time data from across all the EU, in just 15 minutes. Salt Edge handles all the technical, security, compliance matters so that companies can focus on providing services to their clients.
“We’ve done a tremendous work for building a highly secure infrastructure, developing compliant solutions, and connecting to over 400+ open banking APIs across Europe. Salt Edge strives, more than ever, to give institutions access to better technology and data so they can bring their business ideas to life for the benefit of their customers. And this is what open banking is about, infinite opportunities that empower end-customers to claim right to data and receive improved services,” commented Dmitrii Barbasura, CEO of Salt Edge.