AISP licensed: Salt Edge obtained FCA registration

Salt Edge got registered by the FCA as an Account Information Service Provider (AISP) to offer access to financial data in compliance with PSD2/Open Banking in the pan-European space.


On March 25, Salt Edge Limited received its AISP licence from the UK’s Financial Conduct Authority (FCA). Salt Edge has been successfully providing account data aggregation services for the past 6 years and will continue doing so in the PSD2 era with the help of the AISP licence. This licence also covers Fentury – the personal financial management application developed by Salt Edge to combine end-customers’ financial needs such as managing all accounts from a single place, setting saving goals, providing detailed reports and insightful advice, and other useful features.

“We went through a very strict evaluation process with the FCA including but not limited to the assessment of our security frameworks and data protection measures. It was important that we had been taking PSD2 compliance very seriously during this intense evaluation. Being approved by the FCA is proof of quality and recognition of our efforts in this direction,” said Dmitry Tsap, Head of Infrastructure and Security Department at Salt Edge.

As part of the recent release of its Open Banking API v5, Salt Edge is building an innovative Solution for lenders that allows them to have access to financial account data, with end-customer explicit consent, for improved credit decision making. Using Salt Edge Solution, lenders will be able to piggyback on the Salt Edge AISP licence through the use of Open Banking channels and data. And this is just a part of the set of services to be designed for lenders thanks to the received licence. Salt Edge dashboard will allow end-users to view their consolidated financial account data and provide access to such data to their lending companies. The consent management features available in the dashboard will make it easy for end-users to view and, if needed, revoke any granted consents for lenders.

“Receiving an AISP licence will help us take better advantage of the Open Banking opportunities on the European landscape as we strive for excellence in everything we do. This process required some serious investment and preparation, but it was worth implementing. We adapt and evolve with the market, often predicting its needs, so it was important for Salt Edge to get the AISP liсence and continue providing our clients with a large range of Open Banking services,” commented Dmitrii Barbasura, CEO at Salt Edge.

The core goal of Salt Edge is to unite different financial players under one roof of Open Banking, offering them seamless ways to interact with each other. Getting the AISP licence is another step towards building better experience and deeper integration for the benefit of financial institutions and their end-customer.


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. 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 in Europe

Download now

Related articles

2 min read Jul 2016

Salt Edge Inc. signs agreement with Seedly | Salt Edge

Salt Edge Inc welcomes the newest participant of its Startup Program – Seedly, a Singapore based FinTech startup that aims to make Southeast Asia’s first non-banking personal finance app. July 6th, 2016 – Seedly is ready to go live with its simplified personal finance platform. Within the partnership agreement, Salt Edge…

3 min read Apr 2019

Introducing the latest release of Salt Edge API, version 5

Salt Edge announced the release of a new version of its unified Open Banking Account Information API; v5 comes with a Consent Management system and with changes that ease the way how financial institutions interact with the platform. In this new API version, Salt Edge has added a Consent Management…

3 min read Oct 2017

Authenticator App Released | Salt Edge

On the 6th of October Salt Edge has launched an SCA compliant Authenticator App. October 19th, 2017 – According to the requirements of the SCA, the customer’s identity must be verified by two or more authentication methods: Knowledge, Possession, and/or Inherence. Electronic remote transactions require an additional layer to the…

2 min read Apr 2017

Mobillity partners with Salt Edge Inc. to deliver personal finance management | Salt Edge

April, 2017 – London-based Mobillity has partnered with Salt Edge Inc. to provide consumers in the United Kingdom with a way to save on their recurring bills & subscriptions. By partnering with Salt Edge, Mobillity now can offer consumers a new way to manage their personal finances. Mobillity has a profit-sharing…