Fast Budget and Salt Edge to Provide a Fully Automated Way to Manage Daily Finances
- Personal Finance
- 02.12.2020 01:36 pm
Fast Budget, an Italy-based PFM app, teamed up with Salt Edge, a leader in offering open banking solutions, to enable its end-customers to connect and access all bank accounts in one place and eliminate the need to insert the financial data manually.
The PFM market is constantly evolving due to advancements in digital tools and technology. The global consumer adoption of fintech services has been rising in the last couple of years: according to a study, the usage of PFM apps registered 8% in 2015, then grew to 10% in 2017 and up to 29% in 2019. In the current booming digitally native era, open banking becomes a springboard for PFMs, genuinely transforming the way users manage their money. Being a modern PFM, Fast Budget app allows managing day to day personal, family finances, shaking off the need for manual input of daily transactions into the app. Driven by Salt Edge’s data aggregation solution, Fast Budget offers advanced finance management tools allowing end-customers to see all their banks and eWallets accounts information in one place, making it easier to track and manage them.
Alex Ferraroni, CEO at Fast Budget, said: "Leveraging Salt Edge’s bank data aggregation technology, our users can manage their financials seamlessly, taking the fuss and bother out of the process. We are excited to join hands with like-minded companies to unlock the benefits of open banking and to give our customers a great and personalised PFM experience."
Salt Edge data aggregation toolkit allows Fast Budget to access open banking and PSD2 channels instantly, granting access to bank accounts data of more than 5000 banks in 50+ countries. Fast Budget app allows users to control their finances using different tools and charts. Salt Edge open banking solution powers end-customers to connect multiple bank accounts, from any country, to Fast Budget and obtain a single unified view, through account data aggregation. This gives them greater oversight and control over their money, minimising the hassle of everyday financial management tasks.
Andrei Scutari, Country Manager Italy at Salt Edge, comments: "Open banking takes financial management to the next level, helping people to make better decisions about their financial situation. Greater transparency and instant access offer the possibility to monitor their financial health with the push of a button. Kitted up with the right data automation, Fast Budget’s end-customers can say goodbye to manual data entry for good."