Simplifi-HQ, an online accounting service provider based in New Zealand, has teamed up with open banking provider Salt Edge to speed-up and digitize its software package by accessing financial data of their clients directly from the bank. Salt Edge claims that the partnership allows Simplifi to get easy and fast access to the open banking ecosystem in the UK and Europe along with worldwide financial institution coverage.
“Salt Edge data aggregation allows Simplifi-HQ to skip many steps like bank integration, monitoring of APIs, normalisation of data format, and start using bank data almost instantly. Now the company can experience the full power of open banking in their software because all the technical, security, and compliance matters related to PSD2 and bank connectivity are handled by Salt Edge.”
Speaking about the partnership, Vasile Valcov, VP at Salt Edge, stated:
“Combining cutting-edge technologies from Simplifi-HQ with open banking solutions offered by Salt Edge creates a powerful digital concentrate that supports small businesses and eventually the whole local financial market in various countries.”