Fast Budget partners with Salt Edge to provide a fully automated way to manage daily finances
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.
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.
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.
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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 5000+ financial institutions in 50+ countries.
About Fast Budget
AppFer S.R.L. is a small company born in Italy. Our goal is to improve the financial life of our clients by providing quick and easy reporting tools. We created our first app, Fast Budget, in 2015 and we continued to improve it over time. Fast Budget is a service, also available via web, designed to enter and summarize clients’ financial data in order to make more informed decisions about where and how to save.
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