Jordan Ahli Bank Cyprus equips for PSD2 with Salt Edge’s solution

Salt Edge, a leader in developing open banking solutions, helped Jordan Ahli Bank Cyprus become amongst the first group of banks in Cyprus to comply with PSD2 requirements.

PSD2 brings an opportunity for banks to respond to their customers’ expectations by opening APIs for secure access by third party providers (TPPs). Looking for a partner that can help it follow regulatory requirements and reach the opportunities created by PSD2, Jordan Ahli Bank chose Salt Edge to enable its customers to have an aggregated view of their spendings in their favourite apps.

Jordan Ahli Bank Cyprus uses PSD2 Compliance Solution from Salt Edge, a turn-key SaaS product, which includes a set of APIs, complete TPP developer portal, TPP verification system, client dashboard, and regular API updates according to the changes in the official regulation. By trusting Salt Edge with all the technical complexities, Jordan Ahli Bank can focus on their core business.

As a part of the API, the TPP verification system ensures that only regulated institutions can have access to Jordan Ahli Bank’s open banking channels. Via Salt Edge, Jordan Ahli Bank Cyprus has already enforced additional SCA mechanisms, without presenting any obstacles to the provision of TPP services under PSD2. Salt Edge’s strict security measures align perfectly with Jordan Ahli Bank’s aim to efficiently protect personal and financial data in the best way possible.

Now Jordan Ahli Bank Cyprus enables its customers to get a complete overview of their financial transactions in any regulated app they prefer to use. By going beyond the traditional bank statements, Jordan Ahli Bank is joining the open banking movement in the market innovation and helping customers with better services.

We were excited that Jordan Ahli Bank Cyprus chose us as their partner when they were looking for a future proof and quick way of leveraging the PSD2 capabilities. The goal of our collaboration was to ensure full PSD2 compliance while Jordan Ahli Bank can truly embrace the open banking potential.

Ilia Dragan, Head of PSD2 Compliance at Salt Edge

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 5400+ financial institutions in 60+ countries.

More information: www.saltedge.com
Phone number: +1-437-886-3969
Email: press@saltedge.com

Salt Edge report

Discover what is the current state of open banking payments in Europe in 2021

Download now

Related articles

4 min read Nov 2020

ThinCats partners with Salt Edge to bring Open Banking benefits to SME lending

ThinCats, a UK-based alternative lender to mid-sized SMEs, has partnered with Salt Edge, a leader in offering Open Banking solutions, to improve the efficiency of its upfront credit assessment and ongoing loan monitoring processes. The UK is globally recognised as a cradle of Open Banking and during these uncertain times…

4 min read May 2020

Salt Edge helps Simplifi in accelerating their accounting services via open banking

Simplifi-HQ, an online accounting service provider from New Zealand has chosen Salt Edge, a leader in offering open banking solutions, to speed-up and digitise its software package by accessing financial data of their clients directly from the bank. Simplifi-HQ is an advanced cloud accounting software that covers accountancy, tax, invoicing,…

4 min read Feb 2021

Forward Advances chooses Salt Edge to verify business performance of their customers instantly

Forward Advances, a UK revenue-based financing solution for e-commerce and SaaS businesses, has partnered with Salt Edge, a leader in offering open banking solutions, to get instant access to aggregated bank data that allows them to make better lending decisions. The COVID-19 pandemic rapidly changed consumer behavior to digital channels…

5 min read Jan 2023

تقدم Salt Edge حلولاً مصرفية مفتوحة إلى المملكة الأردنية الهاشمية أعلنت شركة Salt Edge ، الشركة الرائدة في بناء حلول API للخدمات المصرفية المفتوحة ، عن توسعها في سوق جديد – المملكة الأردنية الهاشمية. تهدف الشركة إلى مساعدة البنوك الأردنية والمؤسسات المالية المحلية الأخرى في تقديم حلول مبتكرة ، والمساهمة…