Salt Edge helps Roundups create a new way of donating

Salt Edge, a leader in offering open banking solutions, joined Roundups in its mission to raise millions through adding up pennies left from payment transactions and donating them to charities and non-profit organisations.

Today all aspects of financial life are managed online and charity is no exception. Roundups is a UK company that aims to make digital penny donations mainstream amidst the rapid decline of cash. Using Salt Edge’s data aggregation, the Roundups app checks all user’s card payments, rounds them up to the nearest 10p, 50p or £1 and donates the difference to their chosen good cause.

We were proactively looking for a technical service provider and Salt Edge was the most interested in our social mission and helping us build a community of philanthropists. They took the time to understand our business, its challenges and were flexible in light of them. Using the Salt Edge plugin is a no-brainer for us. Their vast coverage of financial institutions means that we can offer our roundup-and-donate service to users in Europe and beyond.

Sean Donnelly, Co-Founder at Roundups

Salt Edge Partner Program allows Roundups to get instant access to open banking channels in a PSD2 compliant way without acquiring a PSD2 licence. In the app, users can choose many sources of financial data, so for this process to work seamlessly it is important to process all the transactions from all the connected accounts. Salt Edge enables Roundups to connect to the CMA9 and major UK banks: AmEx, Bank of Ireland, Bank of Scotland, Barclays, Capital One, HSBC, Lloyds Bank, Monzo, Santander, Ulster, and to over 5000 financial institutions worldwide. Salt Edge’s wide coverage will help with Roundups’ potential expansion in the next few years.

In a fully digitized world, all the finances should be simple and we are happy to combine our forces with Roundups to help people donate in a new effortless way. As small acts, when multiplied by millions of people, can transform the world, the same way some loose change from millions of transactions can make a difference.

Jason O’Shaughnessy, SVP of Sales at Salt Edge

Discover the full Salt Edge coverage to find out if our services are available in your country.

About Salt Edge

Salt Edge – a financial API platform with PSD2 and 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 directive’s requirements. ISO 27001 certified and AISP licensed under PSD2, 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 5200+ financial institutions in 70+ countries.

More information: www.saltedge.com

Phone number: +1-437-886-3969

E-mail: press@saltedge.com

 

About Roundups

Roundups Fundraising Services Ltd. is a UK financial technology company that developed an app to digitally replicate loose-change penny round-up donations. The app rounds up all of users’ card payments to the nearest 10p, 50p or £1 and donates the difference to a nonprofit of their choice. The company has partnered with a range of local charities and international organisations created to help the homeless, prevent child abuse, fight disease, protect animals, reunite families, promote peace, improve schools and more.

More information: www.roundups.org

Phone number: 0203 730 7647

E-mail: hello@roundups.org

 

Salt Edge report

Discover what is the current state of open banking in Europe

Download now

Related articles

4 min read Oct 2020

FinSS Global teams up with Salt Edge to harness the open banking potential in the Australasian region

Fintech Solutions & Services (Global) Pty Ltd (FinSS Global), Australia-based technology solutions expert, joined forces with Salt Edge, leader in offering open banking solutions, to reveal the possibility for credit unions, banks, and fintechs in the Australasian region to digitalise financial management processes via open banking. FinSS Global provides compliance,…

3 min read Jun 2019

Salt Edge is connected to 200+ European open banking APIs including all CMA9 banks

Riding the open banking wave, Salt Edge has already integrated with more than 200 banks around Europe. Salt Edge connects to live APIs and sandbox environments from financial institutions as they become available one by one. It means spending days and weeks analyzing, integrating, and testing thousands of connections across…

4 min read Mar 2020

Billingo to digitalize the billing services with Salt Edge data aggregation

Billingo, the second-largest online invoicer in Hungary joined hands with Salt Edge, a leader in developing open banking solutions, to become the very first online biller in the country to offer a range of opportunities fuelled by bank data aggregation, without having their own PSD2 licence. Open banking started its…

4 min read Oct 2019

Salt Edge releases an open source solution for SCA and dynamic linking under PSD2

Salt Edge presents to the open source community its new project – Salt Edge Authenticator. It is a solution for strong customer authentication (SCA) and dynamic linking developed to bring safety and innovation to the payments market and its end-users. After the EBA published on 21 June 2019 its opinion on the…