Salt Edge connects to live APIs and sandbox environments from financial institutions as they become available one by one. It means spending days and weeks analyzing, integrating, and testing thousands of connections across Europe.
Testing these connections takes time, because each API might have different and/or incomplete documentation, authentication flow, customer journey, and functionality. Some institutions choose to build APIs in-house, others hire technical service providers for saving money and time. As a result, the created interfaces are quite diverse in every country, every bank and differ a lot in ways of connection, documentation, and the integration process itself. Salt Edge is focused on testing connections using a variety of different scenarios before going live in order to give useful feedback to banks and guarantee quality experience for end-users. Also, Salt Edge is the first technical service provider to support eIDAS PSD2 certificates in its system for identification of third party providers when they connect to banks and other financial institutions.
As of June 2019, Salt Edge is integrated with more than 200 APIs across the EU such as all the CMA9 banks in the UK, BNP Paribas in France, Deutsche Bank in Germany, UniCredit in Italy and many more. You can follow the constantly growing number of Salt Edge’s API connections here.
“We’ve been working our fingers to the bones behind the scenes, checking for bugs and defects within each interface and providing our feedback to banks. Having 200+ connections to open banking APIs in the EU is just the beginning, as reflecting on how far we have come, we only see the open road and the journey ahead of us. And this is what open banking is about, infinite opportunities for evolution and improvement for everyone on the financial market,” said Dmitrii Barbasura, CEO at Salt Edge.
About Salt Edge
Salt Edge is a global fintech company offering a range of cutting-edge solutions to financial institutions, banks, finapps, and other fintech companies. The company is registered as Account Information Service Provider by the UK’s FCA, under PSD2. Among its most popular services are financial data aggregation API, open banking and PSD2 solutions, white label retail banking, and data enrichment. ISO 27001 certified, the company employs the highest international security measures to ensure stable and reliable interoperability channels between financial institutions and their users. Connected to 3400+ financial institutions in 66 countries, Salt Edge brings comprehensive financial data at the fingertips of hundreds of thousands of end-users on a daily basis.
More information: www.saltedge.com
Phone number: +1-437-886-3969