New Salt Edge and Supernovae Labs partnership set to boost-up Italian financial landscape via open banking

Supernovae Labs, the first fintech accelerator in Italy dedicated to banks and financial institutions, joined forces with Salt Edge, open banking pioneer, to provide Italian financial institutions and third-party providers a much more secure and reliable way of aggregating bank data and initiating payments powered by PSD2.

Most Italian consumers and businesses are multi-banked, the concept of “being married to a bank for life” being long forgotten. As a 2020 report revealed, Italy’s end-users are mostly interested in saving time (57%) and ease of use (45%) when it comes to using digital banking. These figures can be easily extended to the 60% of the respondents in another survey who have stated to physically visit the bank a maximum of 2 times per year. The relationship between consumers and financial institutions is substantially changed, by putting the customer back at the center and allowing them to choose the services that fit their needs best.

Understanding the rapidly evolving paradigm, Salt Edge and Supernovae Labs are offering an open banking platform, ensuring connectivity to thousands of banks from over 50 countries worldwide. The collaboration between these two companies will help financial institutions leverage open banking opportunities and provide their clients with even more customer-oriented services, including getting an aggregated view of account data from the EU and other parts of the world, alongside the interpretation of it into financial insights, and initiate payments from banks across Europe.

We’re delighted to partner with Salt Edge who has proved to be a leader in providing open banking solutions. We, at Supernovae Labs, are committed to helping businesses accelerate their development by integrating high-end solutions, and Salt Edge’s Open Banking Gateway is bringing to the table exactly what the Italian market needs. We are looking forward to building a strong relationship and a successful partnership.

Carlo Giugovaz, founder and CEO at Supernovae Labs

Salt Edge’s Open Banking Gateway is providing connections to over 5.000 banks worldwide for account aggregation and enables payment initiation from more than 2.500 FIs in Europe. There are so many use cases emerging from these possibilities, from retail banks, lenders, credit bureaus to accounting companies, eCommerce, and others.

Open banking is redesigning the European payments’ market and drawing a clear line between how things used to be done and how they can be done now.  Joining forces with Supernovae Labs is directly supporting startups and is boosting innovation and contributes to creating a new competitive landscape with new rules of the game, allowing new players to participate – and all this with the main focus on the end-user.

Andrei Scutari, Country Manager Italy at Salt Edge

About Salt Edge

Salt Edge – a financial API platform with PSD2 and open banking solutions. The company has two main vectors of activity: enabling third parties to get access to bank channels via a unified gateway, and developing the technology necessary for banks to become compliant with the directive’s requirements. ISO 27001 certified and AISP licensed under PSD2, the company employs the highest international security measures to ensure stable and reliable connections between financial institutions and their customers. The company is integrated with 5000+ financial institutions in 50+ countries.

More information:  www.saltedge.com
Phone number: +1-437-886-3969
Email: press@saltedge.com

About Supernovae Labs

Supernovae Labs is a strategic consulting company focusing on innovation and acting as an accelerator for Fintech. Carlo Giugovaz, founder and CEO of Supernovae Labs, is among the most influential European thought leaders in the innovation sector. Through our vast partner ecosystem, we facilitate relations between financial institutions, fintechs, and insurtechs, generating profitable business opportunities for all parties. Supernovae Labs offers matchmaking with our financial institution partners, custom lead generation programs and sales plans, and scale-up support to successfully approach new markets. Being part of the Supernovae Labs community entails gaining maximum visibility and brand awareness among Financial Institutions across Italy and Europe.

More information: www.supernovaelabs.com

Salt Edge report

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

Download now

Related articles

3 min read Sep 2021

Nexpay to run all authentication processes through Salt Edge via Mobile SCA

Banking infrastructure provider Nexpay has partnered with Salt Edge, a leader in open banking solutions, together offering enhanced customer protections and SCA for the digital assets industry. In order to maintain a high-security level in the new era of open banking, Nexpay is now running SCA and all authentication processes…

2 min read Jul 2016

Salt Edge welcomes Chip Financial Ltd in its startup program | Salt Edge

Salt Edge’s agreement with the UK based FinTech startup Chip Financial regulates the use of Spectre data aggregation API to provide for the money-saving app’s effective performance. July 1, 2016 – Chip Financial is in the process of implementing Spectre API within the final developmental stages of its automated assistant that…

3 min read Sep 2021

Salt Edge PSD2 Compliance Solution to be integrated into Western Union’s digital bank pilot in Europe

Salt Edge, a pioneer in open banking, has teamed up with Western Union, a global leader in cross-border, cross-currency money movement and payments, to integrate its solution into the latter’s multi-currency bank account pilot in Europe. Backed up by PSD2 compliance, Salt Edge’s solution will enable Western Union to extend…

2 min read Mar 2019

Emma partners with Salt Edge with the goal to enlarge its coverage

Emma, the London-based fintech startup, has teamed up with the global data aggregator Salt Edge to allow the app’s users to benefit from more bank connections across the UK and eventually to expand to new countries. Emma is a money management app that gives its users a full picture of…