Banking expeditions receive a boost as Plumery joins forces with Salt Edge, working towards more intelligent banking experiences.
In the rapidly evolving landscape of global finance, the partnership between Plumery and Salt Edge comes at a decisive moment. As banks grapple with deepening regulatory complexity and rising customer expectations, this collaboration offers a promising solution.
Maria Rusu, Business Development Manager at Salt Edge, has expressed her enthusiasm for the partnership, stating that Plumery's composable platform aligns perfectly with Salt Edge's mission for simple and secure Open Banking adoption.
The integration of Salt Edge's Open Banking gateway into Plumery's platform enhances the digital banking experience by providing real-time access to account aggregation and payment initiation capabilities across thousands of banks worldwide. This allows for a seamless integration of financial data from various institutions, enabling more comprehensive financial insights and management.
The partnership also enables secure and efficient payment solutions, supporting the embedding of instant payments and transfers within financial institutions' own applications. This reduces the need for users to switch between different platforms for transactions, enhancing user experience and reducing friction in financial transactions.
By leveraging Salt Edge’s regulatory expertise and Open Banking capabilities, Plumery can help financial institutions reduce integration overhead, expedite compliance processes, and accelerate time-to-market for Open Banking-enabled features. This is particularly beneficial in complex regulatory landscapes where compliance requirements are stringent.
The partnership allows banks and other financial institutions to build secure and frictionless banking experiences more easily. This includes the ability to combine their own data with customer data from different financial institutions, providing a more holistic view of financial activities.
The initial focus of the joint venture will be Europe, where Open Banking regulation is maturing and demand for embedded finance and personalized digital services is accelerating. The partnership aims to accelerate Open Banking and Open Finance initiatives for financial institutions, providing them with real-time data access, secure account-to-account payments, and compliant future-ready digital services.
Through the partnership with Salt Edge, Plumery has unlocked new possibilities for financial institutions to build smart, secure, and frictionless banking experiences with ease. Customers can complete transactions without needing to switch, thanks to the integration. Opportunities for Plumery and Salt Edge in the future include the launch of next-gen personal finance tools powered by aggregated data and support for emerging embedded finance use cases.
In summary, the partnership between Plumery and Salt Edge is laying the foundation for what digital banking should be - composable, customer-led, and constantly evolving. This collaboration promises to revolutionize the digital banking landscape by providing secure, efficient, and user-centric digital banking services supported by advanced Open Banking technologies.
[1] - https://www.plumery.com/blog/plumery-salt-edge-partnership [2] - https://www.saltedge.com/blog/plumery-and-salt-edge-partner-to-accelerate-open-banking-and-open-finance-initiatives [3] - https://www.backbase.com/news/backbase-teams-up-with-salt-edge-to-enable-open-banking-compliance-among-banks
- The Plumery-Salt Edge collaboration, set in the global finance industry, offers a promising solution for banks struggling with regulatory complexity and escalating customer expectations.
- Maria Rusu, Salt Edge's Business Development Manager, praised the partnership, noting that Plumery's composable platform aligns with Salt Edge's Open Banking mission.
- Integration of Salt Edge's Open Banking gateway into Plumery's platform boosts digital banking by offering real-time access to account aggregation and payment initiation services from thousands of banks globally.
- The partnership supports secure and efficient payment solutions, enabling the embedding of instant payments and transfers within institutions' applications, thereby improving user experience and reducing transactional friction.
- By harnessing Salt Edge’s regulatory knowledge and Open Banking capabilities, Plumery can assist financial institutions in reducing integration overhead, speeds up compliance processes, and expedites the market launch of Open Banking-enabled features.
- The collaboration empowers banks and financial institutions to construct user-friendly and seamless banking experiences, facilitating the integration of data from multiple sources for a more comprehensive understanding of financial activities.
