Salt Edge released 60+ PSD2 API sandboxes


On March 14, Salt Edge released 60+ PSD2 sandboxes, after building them for the financial institutions in a couple of weeks time. The launch of these sandboxes for third party testing enabled the ASPSPs to meet the first major PSD2 deadline.

PSD2 and the RTS on SCA & CSC impose all providers of payment accounts (ASPSPs) to make sandboxes available to third party providers (TPP) for connection and functional testing of their applications. While some institutions decide to build the sandboxes and the whole PSD2 compliance solution in-house, others collaborate with experienced technical service providers for reducing the implementation cost & time and increasing efficiency.

Salt Edge specializes in building APIs for PSD2 compliance solution for banks, eWallets, and any entity that supports payment accounts and falls under the Directive’s scope.

The company has recently released more than 60 PSD2 API sandboxes for banks and eWallets in countries like the UK, France, Sweden, and Spain. Some of the institutions deploying Salt Edge sandboxes are Bank of East Asia, Guaranty Trust Bank, and Sodexo. The sandboxes are enabled for account information & payment initiation testing and come with a set of dashboards for the ASPSP and TPPs, detailed documentation for seamless TPP testing, and more.

The PSD2 sandboxes are built quickly and in compliance with the RTS requirements, and they meet the European communication standards for effortless TPP testing. Launching such a sandbox for testing and gathering feedback from TPPs are part of the requirements to be met by ASPSPs that want to be exempted from providing a contingency mechanism under Article 33(6) of the RTS on SCA & CSC. Salt Edge will be assisting interested ASPSPs on the path for applying for this exemption.

“With Open Banking gaining traction in Europe and beyond, Salt Edge strives, more than ever, to build better technology for financial institutions so they can securely and freely interact with each other,” 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 3100+ financial institutions in 61 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

E-mail: press@saltedge.com

Salt Edge report

Discover what is the current state of open banking payments in Europe in 2021

Download now

Related articles

6 min read Nov 2021

eIDAS certificates renewal issues and how to overcome them

eIDAS certificates have an important role under PSD2. Their usage is mandatory for ensuring that data is kept secure and within trusted parties at all times. These certificates issued by QTSPs can be associated with passports with which TPPs identify themselves when onboarding with and accessing banks’ channels. While the…

4 min read Jun 2021

OROPAY’s clients to enjoy new payment options with Salt Edge

OROPAY, a Cypriot EMI, has partnered with Salt Edge, leader in developing open banking solutions, for becoming PSD2 compliant to provide safe and secure payments to its customers. OROPAY is an electronic money institution regulated by the Central Bank of Cyprus, providing business & personal eMoney, and eCommerce solutions. The…

7 min read Sep 2022

The trends transforming today’s digital banking

Close your eyes for a second. Imagine you’ve just looped into the future and are now getting ready to order something online. You’re scrolling through websites, looking for the perfect match between price and quality. All of the sudden, you get a notification on your smartphone: it’s your bank app…

4 min read Oct 2020

Agicap opts for Salt Edge to digitalise cash flow management and forecasting for SMEs

Agicap, a French SaaS company that offers BFM software to small businesses, selected Salt Edge, leader in offering open banking solutions, to empower CEOs and CFOs to manage and monitor their companies’ cash flows on all bank accounts, in a single dashboard. Agicap develops customisable business finance management (BFM) software…