Financial services provider Salt Edge partners with Thinslices to streamline the process of accessing financial data.
In a significant move for the financial technology sector, European full-service product development company Thinslices has formed a partnership with Open Banking solutions provider Salt Edge. This collaboration aims to help companies build smarter financial products faster.
Thinslices, specialising in system integration and front-end development, brings its expertise in creating customer-centric fintech solutions to the table. On the other hand, Salt Edge, known for its robust open banking infrastructure, provides the foundational API technology that securely accesses and aggregates financial data from numerous banking institutions.
The partnership is set to streamline Open Banking adoption, helping businesses reduce integration complexity. By combining their strengths, Salt Edge and Thinslices believe they can help businesses automate financial workflows and integrate secure payment methods into their digital products.
This collaboration simplifies financial data aggregation and account-to-account payments for businesses. Thinslices integrates Salt Edge's technology into tailored solutions, enhancing user experience and accelerating the adoption of open banking services.
The partnership also allows businesses to gain deeper insights, automate financial workflows, and integrate secure payment methods into their digital products. By doing so, it enables industries such as automotive finance and lending to benefit, as access to financial data and real-time payments can enhance decision-making processes.
Salt Edge aggregates data from over 5,000 financial institutions across 50-plus countries, providing financial data connectivity and payment initiation capabilities. This partnership is not limited to enabling account-to-account payments but also aims to provide deeper insights for businesses.
According to Maria Rusu, Business Development Manager at Salt Edge, the partnership is focused on making financial data more accessible and actionable for businesses across industries. The long-term collaboration between Salt Edge and Thinslices is intended to make Open Banking more practical and scalable across industries.
Moreover, Salt Edge is committed to enabling Open Banking compliance among banks, as indicated by their partnership with Backbase. The partnership with Thinslices is expected to help businesses lower front-end development costs through the use of white label solutions offered by Thinslices.
Stefan Sarbu, CEO of Thinslices, stated that the collaboration with Salt Edge is intended to help companies automate financial workflows and integrate secure payment methods into their digital products, ultimately unlocking new payment possibilities for businesses.
While specific details about the partnership have yet to be explicitly detailed in search results, Alina Beleuta's association with Salt Edge and the known capabilities of both companies in fintech imply their collaboration focuses on leveraging Salt Edge’s open banking platform through Thinslices’ development capabilities to simplify these financial operations for business customers.
In summary, the partnership between Salt Edge and Thinslices is set to revolutionise the financial technology sector by simplifying Open Banking adoption, reducing operational complexity, and improving payment flows for businesses across various industries.
- The partnership between Thinslices and Salt Edge, specializing in fintech solutions and open banking technology, respectively, aims to help companies automate financial workflows and integrate secure payment methods into their digital products.
- This collaboration will simplify financial data aggregation and account-to-account payments for businesses, providing financial data connectivity and payment initiation capabilities through Salt Edge's robust infrastructure.
- By combining their expertise, Salt Edge and Thinslices believe they can offer deeper insights, enabling industries such as automotive finance and lending to benefit from enhanced decision-making processes with access to real-time financial data.
- The long-term collaboration between these companies is intended to make Open Banking more practical and scalable across various industries, potentially unlocking new payment possibilities in the financial technology sector.
