Tuum partners with Salt Edge to deliver a full spectrum of open banking solutions
Tuum, an Estonian-born next-generation core banking platform, has partnered with Salt Edge, a leader in open banking solutions, to help financial services providers from all over Europe to leverage the full spectrum of open banking features – fast and secure.
As technological advancements make headway, it is becoming more evident that today’s digital booming bandwagon is leaving fintechs and financial institutions with only two choices: join or get left behind. The ability to leverage new technologies and innovate new-age products and services is crucial. It helps not only to speed up old fashioned processes and meet modern consumer demands but also to increase operational productivity while generating more revenue.
This is where technology companies like Tuum and Salt Edge come into play. Tuum’s API-first and modular core banking platform enables a quick roll out of new financial products, from accounts, deposits and lending to payments and cards. Thanks to the broad functionality of the platform, the company’s customer base is equally diverse, covering incumbent banks, payment providers, lenders and even a gateway for EU crypto companies.
The partnership with Salt Edge enables Tuum’s clients to quickly become compliant with PSD2 and Open Banking directives, enhance the security of end-users with Salt Edge’s Mobile SCA solution and unlock Open Data by getting access to 5,000+ banks for account information and payment initiation services across Europe and beyond.
Open banking has been a game-changer in financial services, making products more personalised, data more secure, and access to credit faster than ever before. Partnering with Salt Edge was an easy choice for us, as their leading solutions enable our customers to unlock the full potential of open banking.
Here at Salt Edge, we’re thrilled to join forces with Tuum. Knitted by a common goal to revolutionise financial services through innovative technologies, products, business models, and most importantly, to improve the financial consumer experience by offering access to the latest technology dressed up in a digital wrapper.
About Salt Edge
Salt Edge – a financial API platform with PSD2 and open banking solutions for every business. 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 5,000+ financial institutions in 50+ countries.
Tuum is a next-generation core banking technology provider. Its API-first, cloud-agnostic and highly configurable banking platform covers all retail and business banking processes, allowing banks, fintech startups or even non-financial companies to easily roll out customer-centric financial solutions. Tuum brings together expertise in technology and banking. It was founded in 2019 by a small group of Estonian financial IT pioneers with decades of experience in digitising and transforming large Nordic banks. The company has acquired customers throughout Europe and currently employs ca. 100 people in its offices in Tallinn, Berlin, Malaga and London.
More information: tuumplatform.com
Salt Edge report
Discover what is the current state of open banking payments in Europe in 2021