Salt Edge and Five Degrees have partnered on digital banking.
Salt Edge is an open banking solution provider that is currently integrated with thousands of financial institutions operating in over 50 countries. Five Degree is a digital banking platform that offers a core banking platform that is cloud-native. Over 40 banks in Europe and North America use their technology. The two companies say they are working together to “kit up banks and lenders from Europe with the open banking-enabled tools, helping them to create fully digital and innovative services.”
The collaboration seeks to add open banking capabilities to accounts and lending engines of the Five Degrees cloud-native core banking offering °neo. Salt Edge’s open banking solutions will supplement Five Degrees’ offerings by integrating into banking and lending systems. By choosing Five Degrees and Salt Edge tandem, companies can connect to financial data from 5,000+ financial institutions.
Maurits van Schooneveld, Strategy Manager at Five Degrees, said together the two companies will “pursue opportunities to further digitize the financial services industry.”
“Salt Edge, a leading open banking solution provider, offers a wide variety of services that complement the °neo lending and accounts engines. Given Salt Edge’s global presence, we foresee ample opportunities to jointly serve current and new markets.”
Alina Beleuta, Growth Officer at Salt Edge, said financial services are experiencing a seismic shift and they are excited to partner with Five Degrees to promote the adoption of open banking.