Endava and Salt Edge partner to drive open banking solutions
Endava, a global provider of digital transformation, agile development, and intelligent automation services, announces its new partnership with the leading open banking platform Salt Edge to share the full potential of open banking solutions.
As Open Banking Limited reports, in September 2023, the number of active open banking users in the United Kingdom rose to almost 8 million. A year earlier, in October 2022, the number was estimated to be 6.5 million. The emergence of open banking has led to an exciting development of technology, generating a dynamic landscape that is changing the way financial data is handled. In light of these factors, financial institutions and entities find themselves coping with a swiftly evolving regulatory landscape, which can be challenging but brings many benefits to the table.
For each of their clients, Endava and Salt Edge’s partnership offers significant advantages. The partnership supports banks in achieving Open Banking Compliance within strict regulations with minimal resources. Additionally, banks can add a safe payment option and make it easier for their clients to get immediate access to account data. Owing to Endava’s proficiency in finance and payments, banks and third-party providers (TPPs) will be able to fulfil their regulatory requirements and stay up-to-date with emerging technologies. This eventually translates into a smoother, quicker time to market while still providing the innovative solutions that companies require to expand and grow.
Serving clients in payments and financial services, TMT, consumer products, retail, mobility, and healthcare, Endava is dedicated to accelerating its clients’ ability to take advantage of new business models and market opportunities by offering dynamic platforms and intelligent digital experiences. In addition, Salt Edge has proven to be a reliable source of secure connectivity to more than 5,000 financial institutions worldwide, offering full open banking solutions.
We’re delighted to partner with Salt Edge with their open banking expertise and easy, seamless and PSD2-compliant integrations. Their flexible and timely solutions align with Endava’s agile delivery, enabling customers to innovate quickly and effectively.
Salt Edge provides extensive expertise in open banking and interoperability between banks and third parties and is a fantastic addition to our growing partner ecosystem.
We are excited to partner with Endava to align our efforts in helping more businesses and financial institutions benefit from countless open banking opportunities. Leveraging Endava’s deep knowledge and expertise in various industries, the collaboration will enable clients to thrive in this rapidly changing landscape by simplifying financial innovation, ensuring compliance, and providing secure open banking solutions.
About ENDAVA PLC:
Endava is reimagining the relationship between people and technology. By leveraging next-generation technologies, our agile, multi-disciplinary teams provide a combination of product & technology strategies, intelligent experiences, and world-class engineering to help clients become digital, experience-driven businesses by assisting them in their journey from idea generation to development and deployment of products, platforms and solutions. Endava collaborates with its clients, seamlessly integrating with their teams, catalysing ideation and delivering robust solutions. Endava services clients in Payments and Financial Services, TMT, Consumer Products, Retail, Mobility and Healthcare. As of June 30, 2023, 12,063 Endavans served clients from locations in the European Union: Austria, Bulgaria, Croatia, Denmark, Germany, Ireland, Netherlands, Poland, Romania, Slovenia and Sweden; Non-EU Europe: Bosnia & Herzegovina, Moldova, North Macedonia, Serbia, Switzerland and the United Kingdom; North America: Canada and the United States; Latin America: Argentina, Colombia, Mexico and Uruguay; Asia Pacific: Australia, Malaysia, Singapore and Vietnam; and the Middle East: United Arab Emirates.
For more information, visit www.endava.com
About Salt Edge
Salt Edge is a financial API platform with PSD2 and open banking solutions for every business. 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 5,000+ financial institutions in 50+ countries. Salt Edge has been named a Strong Performer in The Forrester Wave™: Open Banking Intermediaries, 2023 Report.