Partnership with Norvik Bank to implement open banking platform | Salt Edge

Latvian based Norvik Banka has partnered with Salt Edge Inc. and it’s Priora Platform to become one of the first banks in the Baltics to tackle the PSD2 compliance process.

June 13th, 2017 – Norvik Banka, the 8th largest private bank in Latvia, is also one of its oldest, having been established in 1992. Taking pride in delivering the highest standards of customer service, it puts customer satisfaction at the core of its company values. Constantly exploring new and innovative ways of providing leading products and services to its customers as well into giving back to the community that it serves, it is socially active, taking part in the development of Latvia’s cultural, sports, and public life. By partnering with Salt Edge Inc., Norvik Banka is taking first steps towards not only complying with the revised Payment Service Directive (PSD2) which seeks to lower costs and raise protection for banking customers right across Europe, but it is also using the opportunity to get ready to introduce new Open Banking initiatives and services going forward. This commitment further enhances Norvik Banka’s reputation as a leading pioneer, as it becomes the first Latvian bank to implement cutting edge technology to ensure it stays at the forefront of the rapidly changing banking industry in the 21st Century. A move that is beneficial for all the involved parties, especially for the customers whose financial lives will benefit from the full specter of innovations which come with this partnership. CEO of Salt Edge Dmitrii Barbasura stated that “Norvik Banka and Salt Edge have a shared vision of the value that Open Banking can deliver in the coming years, and how it is set to profoundly revolutionize customer services. We are proud to partner with such an innovative and pioneering bank, to implement together the most advanced technology platform, not only to ensure full compliance with PSD2, but also to build the solution that will power tomorrow’s customers and their ever expanding needs.”

About Salt Edge Inc.

Salt Edge Inc. is a fast-growing innovative company specialized in FinTech. It provides world-leading account data aggregation, customer-oriented money management, and white label banking solutions. Priora is the pinnacle of Salt Edge technology. A universally compliant PSD2 open banking solution, designed with easy integration in mind, with capabilities for future development, going beyond basic directive requirements. Salt Edge enables its partners to embrace innovation, driving their businesses to the next level. Spectre API supports over 2500 financial institutions across 51 markets. Salt Edge Inc. was founded in 2013 and is headquartered in Ottawa, Canada. More detailed information about the company and its services can be found at www.saltedge.com. Phone number: +16136996932 E-mail: press@saltedge.com

About Norvik Banka

Norvik Banka (established on 29 April 1992) is one of the oldest commercial banks in Latvia. The bank has the widest network of branches and finance and accounting groups in the country which is available to citizens of 16 Latvian cities. By the asset amount, Norvik Banka is the 8th largest bank of Latvia. Main office: 15-2 Elizabetes Street, Riga LV-1010 Contact Phone: (+371) 6704 1100 Fax: (+371) 6704 1111 Email: welcome@norvik.eu