SDK.finance and Salt Edge Join Forces to Boost Open Banking
SDK.finance, a white-label Lithuanian fintech platform for digital payments, has partnered with Salt Edge, a leading open banking solution provider with over ten years of experience. This collaboration will help fintech companies and financial institutions of all sizes develop open banking-enabled financial services and applications or update their existing ones.
In the pursuit of empowering businesses of all sizes to build innovative financial products since 2013, SDK.finance offers a pre-built ledger-based solution serving as a foundation for various fintech products, including digital wallets, neobanks, payment apps, crypto-to-fiat solutions, and money transfer systems.
“By leveraging Salt Edge’s Partner API, SDK.finance enables its customers without an Account Information Service Provider (AISP) licence to access bank account information easily, bypassing complex regulatory barriers. Moreover, SDK.finance customers developing digital wallets or neobank products can easily provide cost-efficient payment initiation services, including account top-ups, without needing to connect with each bank individually. This ensures a fast, secure, and seamless user experience.
At SDK.finance, we empower businesses to build the next generation of financial products, bypassing the backend development grind. By integrating Salt Edge’s extensive network and expertise, we’re unlocking access to Open Banking for our customers, a feature that’s become a literal hot topic in their requests. This will allow our customers to offer their end users a rich and convenient Open Banking experience, ultimately accelerating financial inclusion and innovation within the industry.” – Alex Malyshev, CEO and co-founder at SDK.finance
SDK.finance will use Salt Edge’s Partner Program for account information and payment initiation services to revolutionise the fintech sector by offering cost-effective and streamlined solutions to the EU market.
The platform is also committed to bringing financial inclusion closer to unbanked countries, encouraging businesses to build innovative products that will reach underserved populations globally. By providing a foundation for accessible financial services in unbanked countries, SDK.finance can be a valuable tool in improving the lives of people and communities within these regions.
“At Salt Edge, our mission is to enable fintechs and other businesses to integrate digital financial services into their offerings with minimum efforts from their side and in compliance with the latest open banking regulatory requirements. The partnership with SDK.finance allows us to assist all-sized businesses in enhancing their products with robust Open Banking solutions, ensuring they remain competitive in today’s dynamic economy.” Rusu Maria, Business Development Manager at Salt Edge
By integrating with Salt Edge’s APIs, SDK.finance is able to provide Account Information and Payment Initiation features directly within its platform, thus minimising the development burden for its customers interested in open banking functionalities. Salt Edge’s extensive coverage, with connections to over 5000 banks worldwide, enables the company to overcome the challenge of connecting individually with a network of financial institutions while also enhancing the user experience.