Spectre API to be used by Société Générale Expressbank | Salt Edge

Salt Edge Inc. partners in Bulgaria with Société Générale Expressbank to deliver a customer-oriented Personal Finance Management solution which will incorporate Spectre API.

November 28th, 2017 – Société Générale Expressbank, the seventh largest financial institution in Bulgaria and part of Societe Generale group, has partnered with Salt Edge Inc. to employ Spectre API into the development of their new Digital Banking PFM Solution. This will enable SGEB’s customers to keep all their accounts connected to a single app and achieve a holistic view of their financial life. Besides data aggregation, the customers will benefit from Spectre’s advanced transaction categorization engine which will significantly simplify their day-to-day financial planning.

All of the 1600 SGEB’s employees firmly believe that offering their customers comprehensive, flexible, high quality, and innovative products are crucial for retaining and increasing customer loyalty and satisfaction. With the help of Spectre’s financial data aggregation and enrichment capabilities, SGEB aims to provide their customers with a new intuitive way to manage their financial lives, without having to use third-party money management apps. Societe Generale Expressbank has received a number of prestigious recognitions during the year, such as the “Most Active Bank Primary Deal on behalf of the clients” from the Bulgarian Ministry of Finance, an award it has won for seven years in a row (2010-2016). The bank was also awarded the No.1 position in Bulgaria by Euromoney FX Survey, for the market share of foreign exchange transactions with corporate clients and financial institutions in 2017, a position it also held in 2014, 2012, and 2011.

“Salt Edge Inc. is glad to collaborate with such a multinational household name as Société Générale. We believe that by uniting our efforts with the Bulgarian branch, SGEB will be able to deliver a complete and efficient product to the customer. At the end of the day, everything that we do is dedicated to the end-user. I’m sure that this will be a long and mutually beneficial relationship,” said Dmitrii Barbasura, Salt Edge’s CEO.

About Salt Edge Inc. Salt Edge Inc. is a fast-growing innovative company specialized in FinTech. It provides world-leading account data aggregation, customer-oriented money management, and white label banking solutions. Priora is the pinnacle of Salt Edge technology. A universally compliant PSD2 open banking solution, designed with easy integration in mind, with capabilities for future development, going beyond basic directive requirements. Salt Edge enables its partners to embrace innovation, driving their businesses to the next level. Spectre API supports over 2600 financial institutions across 60 markets. Salt Edge Inc. was founded in 2013 and is headquartered in Toronto, Canada. More detailed information about the company and its services can be found at www.saltedge.com. Phone number: +14378863969 E-mail: press@saltedge.com

About Societe Generale Expressbank

Societe Generale Expressbank Group is among the seven largest financial institutions in Bulgaria. It includes bank Societe Generale Expressbank and its subsidiaries and associates Sogelease Bulgaria, Societe Generale Factoring Regional Urban Development Fund – Fund Manager program JESSICA ERDF life insurance company Sogelife Bulgaria and the company’s leasing and full-service ALD Automotive. Together with its 1600 employees, Societe Generale Expressbank aims to offer customers comprehensive, flexible, high quality, innovative products and services at favorable price conditions.

The rating agency Fitch Ratings has confirmed the long-term rating of Societe Generale Expressbank – ‘BBB +’ with a stable outlook, which is the highest rating given by Fitch financial institution in Bulgaria.

• 99.74% of the share capital is owned by Societe Generale Group;
• BGN 90.4 million net profit for 2016;
• BGN 234.2 million net banking income for 2016;
• BGN 5.9 billion total volume of assets at the end of 2016;
• 140 offices;
• More than 500,000 customers.

* The results presented are an individual basis for Societe Generale Expressbank without its subsidiaries and associated companies. www.sgeb.bg www.facebook.com/sgeb.bg