Fintech software firm Finastra has partnered with Salt Edge to speed up its compliance with open banking standards.
Finastra will integrate its core banking solutions with Salt Edge’s software as a service solution and open banking compliance, to help lenders facilitate end-to-end banking requirements and compliance through one API.
“Salt Edge has a proven track record of success with more than 100 plus API implementations for financial institutions globally,” said Anand Subbaraman, general manager, banking at Finastra.
“Bringing open banking compliance into our suite of core banking solutions makes compliance quick and seamless for both Finastra and Salt Edge customers, while giving them the tools to create better and more personalised products and services.
“For the end user, the benefit is a much quicker, secure and relevant banking experience that truly accommodates their needs. We are excited to partner with Salt Edge and welcome them into our ecosystem.”
“Finastra’s commitment to unlocking the power of finance for everyone supports our goal to simplify all components of open banking and PSD2 compliance for both financial providers and end customers,” said Dmitrii Barbasura, co-founder and chief executive at Salt Edge.
“The partnership extends our network coverage from our existing customers to Finastra’s wide customer base, while the pre-integration of our combined best-in-class solutions allows end-customers to benefit from more inclusive financial services thanks to open banking.”