Skaleet and Salt Edge unite to accelerate open banking solutions for financial institution

May 16, 2023

French FinTech firm, Skaleet, has teamed up with open banking pioneer, Salt Edge.

This partnership is set to significantly simplify the process for banking and electronic money institutions to comply with the stringent regulatory requirements of open banking.

Skaleet’s core banking platform, renowned for its highly customisable solutions, will now provide its customers with the advantage of Salt Edge’s expertise.

Founded in 2013, Salt Edge has quickly ascended to a leadership position in the open banking industry, offering financial institutions worldwide API solutions that facilitate the creation and marketing of innovative banking services. The company’s full-stack open banking compliance solution is flexible and adaptable, ready to meet the requirements of any new jurisdiction.

This collaboration is aimed at automating the compliance of new banking services, enabling Skaleet’s customers to concentrate on building sophisticated offers and managing customer relationships. Salt Edge’s unique expertise in open banking regulatory compliance and interoperability between banks and third-party services will be instrumental in achieving this.

In addition to aiding regulatory compliance, Salt Edge provides a unique gateway to customers’ accounts in more than 5,000 banks and financial institutions, both business and personal. This partnership represents a significant opportunity for Salt Edge as well, whose ambition is to provide a universal gateway enabling instant payments and secure access to aggregated data from a multitude of banking institutions for an extensive user base.

Hervé Manceron, Skaleet CEO, said, “Salt Edge’s compliance solutions are among the most demanding and complete on the market. This partnership will, therefore, allow us to offer our customers a perfect serenity in terms of protection against regulatory risk. It is a decisive way to facilitate the entry of numerous financial institutions into the open banking world.”

Alina Beleuta, chief growth officer for Salt Edge, added, “This partnership will enable us to accompany new financial institutions in the highly regulated universe of open banking and, therefore, enable them to develop innovative services which are efficient and corresponding to the highest standards in terms of compliance.”