sync. app Now Ensures Global Bank Connectivity With Salt Edge’s Open Banking Solution
- Open Banking
- 11.01.2022 02:15 pm
sync. – the smart open banking app, partnered with Salt Edge, leader in providing open banking solutions, to significantly boost its open banking offer and enable users to link their bank accounts from a wide number of new countries, including Australia, South Africa, and Hong Kong.
With open banking gaining more and more popularity, consumers are getting the taste of better control of personal finances and associated personal data. Recent surveys show that pandemic has shifted the way people approach data privacy and control, which is enforced by the expansion of the services underpinned by APIs. Consumers are not asking for open banking specifically. They are asking for control, safety, and convenience, which is exactly what sync. app has been offering ever since its launch back in 2020.
sync. uses open banking channels and allows consumers to connect their existing bank accounts and credit cards alongside their sync. current account directly in the app, making it easier to effectively manage money and budget. Throughout its development, the company behind the app found it critical to offer as wide a coverage of open banking-based services as possible, beyond Europe. And since Salt Edge has the fastest-growing and broad global connectivity, sync.’s choice was obvious, and achieving its goals meant leveraging Salt Edge’s global data aggregation solution.
Partnering with Salt Edge helps us achieve our vision of leading the way in open banking and providing real benefits to our users. We were obviously aware of SaltEdge as one of the leading open banking aggregators in the world and it was clear that the breadth of connections they had developed meant they were a clear market leader.
Ricky Lee, CEO and Co-Founder of sync.
Salt Edge’s award-winning global bank connectivity with up to 5,000 banks from more than 50 countries worldwide is contributing to sync. offering its users the chance to fully control their finances, manage and track their money, tailoring its solutions with customised insights.
End-users may not really care about the name of the technology backing-up the services they’re using. What they do care about is the safety of their data, the commodity of having it all aggregated in one single app, and the coverage they get, by connecting as many banks as possible, from as many locations as possible. We are thrilled to be able to work with sync.money on achieving that and ensuring that their users get truly the best out of open banking while staying secure.
Cristian Gheorghita, Open Banking Expert at Salt Edge
sync. app aims to differ from major challenger banks by being an all-in-one service that supports users with all their financial needs. Its ultimate goal is to help customers budget, spend and track their money, in one place, offering a unique user experience as a money management platform with tailored insights. The sync. app will be a way to manage their entire financial life in one app. It does this by leveraging Open Banking, allowing users to connect all their debit and credit accounts, loans and mortgages, alongside their own sync. X card, powered by Mastercard.
More information: www.sync.money
About Salt Edge
Salt Edge – a financial API platform with Open Banking solutions. The company has two main vectors of activity: enabling third parties to get access to bank channels via a unified gateway, and developing the technology necessary for banks to become compliant with the open banking regulations globally. ISO 27001 certified, the company employs the highest international security measures to ensure stable and reliable connections between financial institutions and their customers. The company is integrated with up to 5,000 financial institutions in 50+ countries.