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 in Europe

Download now

Related articles

3 min read May 2020

HyperJar to achieve full PSD2 compliance with Salt Edge

Salt Edge, a leader in developing open banking solutions, enables UK fintech HyperJar to follow PSD2 requirements and provide new open banking capabilities. Budgeting app and eWallet HyperJar helps people plan their spending by allocating money into multiple jars, using each of these mini-accounts for different spending purposes: groceries, coffee,…

2 min read Sep 2019

Salt Edge Partner Program – a door to open banking without extra investment

Salt Edge announced today that it now offers a simple solution which enables companies to get instant access to open banking channels in a compliant way, without having their own PSD2 licence. Salt Edge Partner Program is designed for lenders, credit bureaus, finapps, that are looking to create services based on…

3 min read Apr 2020

Pannovate partners up with Salt Edge to deliver instant PSD2 compliance

Pannovate, UK’s leading payment and digital banking technology, has partnered up with Salt Edge, leader in offering open banking and secure customer authentication solutions to help organisations launch competitive PSD2 compliant banking and payments programmes in the UK and throughout Europe.

3 min read May 2019

Salt Edge Open Banking API now supports eIDAS PSD2 certificates

Salt Edge is the first Open Banking vendor to add the support of eIDAS PSD2 certificates in its system for TPP identification when they access ASPSPs’ channels. Now, the company’s clients that act as payment service providers (AISP, PISP, PIISP, ASPSP) and that use Salt Edge as a technical service…