Back in June 2019, Salt Edge announced the successful integration via open banking APIs with more than 200 banks all over Europe. Only two months later it is a hundred more, as Salt Edge is also connected with open banking APIs of Monzo, Revolut, Erste Group, CMA9, and many others.
Each API integration requires a lot of hard work, as Salt Edge’s experts check for any bugs and ticks through testing. It means looking for any pain-point in each bank’s interface and its documentation, and providing the feedback to their developers. The connection process must be smooth and frictionless, so that Salt Edge’s clients can provide excellent services to their end-users in the new open banking era. The goal is to give each bank connection focused and specific functional testing, as each API might differ in documentation, authentication flow, customer journey, and functionality. The integration experience with APIs in different countries was full of obstacles, so it is safe to assume that all third-party providers have to jump through hoops trying to connect with European banks. A collaborative attitude and combined efforts from all the market’s participants will be required in order to go through the integration smoother and eventually make open banking work for end-customers.
Salt Edge is further planning to connect with more banks in Europe: Ireland – Bank of Ireland, Ulster, Permanent TSB; France – Crédit Agricole, Crédit Mutuel; the Czech Republic – ČSOB, UniCredit and so on. You can check out here how many APIs are currently integrated.
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