Pleo teams up with Salt Edge for upgrading its payment services

B2B spending solution Pleo has teamed up with Salt Edge, leader in developing open banking products, for full compliance with PSD2, thus enabling its 15K+ clients spread across Europe to enjoy value-added services and transparent payment experiences. 

PSD2 has raised several challenges for financial institutions in order to become compliant. Pleo’s choice was reduced to two options: try and do it all by itself (which required lots of time and expertise) or turn to Salt Edge – who has created and successfully integrated its PSD2 Compliance solution with banks and eWallets all over Europe. The API fulfills the required services and functions including secure connection of TPPs, TPP developer portal and their verification, client dashboard, and much more. With the comprehensive documentation, TPPs can seamlessly integrate with the Pleo’s interface.

The benefits for the Pleo’s customers were never questioned. The only challenge was committing to a solution in optimum time, as implementing the compliance solution internally implies the commitment of substantial resources. After thorough research and offers comparing, we chose Salt Edge. Its full compliance solution checked all the boxes but the most important factor was the deep knowledge of the European market, especially Scandinavian. The smooth and fast implementation gave us the confidence that we chose the right partner and now, after being live for some time, we know we’ve made the right decision.

Federica Erilmi, Pleo Legal Counsel and DPO

Pleo is active in 6 European countries: Denmark, the United Kingdom, Spain, Sweden, Germany, and Ireland, meaning that implementing the PSD2 Compliance Solution created by Salt Edge has automatically enabled SMEs from these countries to gain more complete business propositions, by having the possibility to access their accounts or initiate payments directly from third-party apps.

We’re always happy to team up with companies thinking and acting primordially for the benefit of the end-users. Pleo has an ambitious expansion plan and we’re happy to support it. Being PSD2 compliant helps end-users connect and centralise their expense flows right from one unique application – thus gaining so much more liberty in actions and time.

Lisa Gutu, Head of Business Development at Salt Edge

More information on the PSD2 Compliance Solution from Salt Edge can be found here.

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

About Pleo

Expense reports and out-of-pocket purchases just don’t work for today’s forward-thinking teams. They take power away from your people and add stress. They make a serious mess for your accountant to clear up. Pleo offers smart company cards that enable employees to buy the things they need for work, all while keeping a company’s finance director in control of spending. Simplify bookkeeping, eliminate expense reports, revolutionise your business.

More information: www.pleo.io
Email: info@pleo.io

Salt Edge report

Discover what is the current state of open banking in Europe

Download now

Related articles

4 min read Jan 2021

Sorted selects Salt Edge to simplify daily accounting tasks for freelancers via open banking

Sorted, Germany-based accounting app for freelancers and self-employed, teamed up with Salt Edge, a leader in developing open banking solutions, to get instant access to banking data – making the ongoing accounting processes more efficient and preparing for tax season with confidence. These days the global job market is changing…

3 min read May 2020

Salt Edge report: European open banking ecosystem in testing mode

Open banking leads the financial industry’s transformation for a new generation of services to appear. Salt Edge is positioned in the middle of this transformation by both building and consuming bank PSD2 APIs. We work hard on extending the bank coverage in Europe and beyond to help businesses expand and…

2 min read Nov 2019

Salt Edge crosses the mark of 600+ integrated PSD2 APIs

A new month and a new massive milestone for Salt Edge on its mission of building bridges between financial institutions and their customers via open banking – it is 600+ integrated open banking APIs in the European Union. While it may seem like integrating new APIs is a tug of…

3 min read Aug 2020

INTRASOFT International teamed up with Salt Edge to broadcast PSD2 & SCA compliance

Salt Edge, a leader in offering open banking and secure customer authentication solutions, and INTRASOFT International, a global ICT company, have established a fresh partnership which aims to help banks and electronic money institutions with PSD2 & SCA compliance. Intrasoft is a leading European IT Solutions and Services Group that…