Salt Edge joins openFinance Advisory Group & Board powered by Berlin Group

Being a pioneer in developing open banking solutions, Salt Edge’s main goal is making headway toward open banking expansion and accessibility. That’s why joining the Berlin Group’s openFinance Advisory Group & Board was a natural step. The consultative panel was established by The Berlin Group – a pan-European initiative aiming to shape the development and the adoption of PSD2 compliance in Europe. 

The advisory group aims to eliminate potential barriers and promote pan-European engagement and collaboration to foster adoption of openFinance framework API. Salt Edge has joined this broad community made up of open banking and third-party providers (TPPs) from Europe to discuss and consult on business, development, and technical matters linked to the applicability, availability, and evolution of the Berlin Group openFinance standards.

For almost a decade, Salt Edge has been helping both banks and TPPs from all over the world to interact efficiently in the open banking framework. The company knows this industry from the inside out, as it is specialised in both consuming and building open banking APIs. This experience helped Salt Edge discover which are the main pain points on both fronts and looks forward to sharing this expertise and contributing to the open banking community.

The Berlin Group’s openFinance initiative has a significant role in the adoption of open banking in the EU and we’re excited to become a part of this advisory group. We are thrilled to get the opportunity and share our knowledge on openFinance activities and future specifications. It is priceless to be in a circle with like-minded people where we can share our experience, knowledge, and valuable insights to democratise open banking and the benefits it brings.

Dmitrii Barbasura, CEO and Co-founder at Salt Edge

It’s great to see Salt Edge joining the TPP forces in our Advisory Group, which drives the demand-side interests of the Berlin Group API. Salt Edge’s support and expertise are very welcome, especially as our scope – and the API – is now getting extended from PSD2 to openFinance functionalities.

Ralf Ohlhausen, Co-chair of the Berlin Group openFinance Advisory Board

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.

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 May 2022

Banktivity partners with Salt Edge to offer their customers a seamless way to manage personal finances

Banktivity, a US-based PFM app, teamed up with Salt Edge, a leader in offering open banking solutions, to enable its customers in the UK and EU to connect their bank accounts and have all their financial data pulled into the app instantly and fully digitally. The modern PFM market is…

5 min read Jul 2021

IPF Digital, Salt Edge, and Mambu – the trio supporting financial inclusion

IPF Digital, the Estonian EMI and lender providing services globally, joined forces with Mambu, a leader in composable banking, and Salt Edge, pioneer in developing open banking solutions, to become PSD2 compliant and contribute to a greater financial inclusion on the European market. PSD2 directive has shaken the regulatory landscape…

8 min read Jun 2020

Tick the 11 boxes if your Modified Customer Interface meets each PSD2 requirement

According to the second Payment Service Directive (PSD2), all the financial institutions that provide payment accounts (ASPSPs) – banks, e-wallets, prepaid cards, neobanks and e-money institutions with their agents – must have in place at least one channel for secure communication with third party providers (TPP). They can choose to…

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…