Garri Galanter, CEO of Salt Edge, met with Latvia’s Minister of Finance and Treasury, Arvils Ašeradens.

Galanter highlighted the various benefits of open banking for governmental financial management. He emphasised how integrating open banking solutions could streamline operations, reduce administrative burdens, and ensure better compliance with financial regulations.

Open banking represents a paradigm shift in how financial data can be accessed and utilised. For the Latvian Ministry of Finance, this means a more proactive approach to managing and safeguarding public finances,”

said Galanter

The meeting concluded with a commitment to explore further implementing open banking within the Latvian Public finance administration.  Integrating open banking technologies is expected to significantly enhance the country’s financial oversight and ensure the effective management of public resources.