Tuum, an Estonian-born “next-generation” core banking platform, has partnered with Salt Edge, a key player in open banking solutions, “to help financial services providers from all over Europe to leverage the full spectrum of open banking features – fast and secure.”
As technological advancements make headway, it is “becoming more evident that today’s digital booming bandwagon is leaving fintechs and financial institutions with only two choices: join or get left behind.”
The ability “to leverage new technologies and innovate new-age products and services is crucial.” It helps not only “to speed up old fashioned processes and meet modern consumer demands but also to increase operational productivity while generating more revenue.”
This is where technology companies like Tuum and Salt Edge “come into play.”
Tuum’s API-first and modular core banking platform “enables a quick roll out of new financial products, from accounts, deposits and lending to payments and cards.” Thanks to the broad functionality of the platform, the company’s customer base “is equally diverse, covering incumbent banks, payment providers, lenders and even a gateway for EU crypto companies.”
The partnership with Salt Edge “enables Tuum’s clients to quickly become compliant with PSD2 and Open Banking directives, enhance the security of end-users with Salt Edge’s Mobile SCA solution and unlock Open Data by getting access to 5,000+ banks for account information and payment initiation services across Europe and beyond.”
Julien Douve, Global Head of Alliances & Partnerships, said:
“Open banking has been a game-changer in financial services, making products more personalised, data more secure, and access to credit faster than ever before. Partnering with Salt Edge was an easy choice for us, as their leading solutions enable our customers to unlock the full potential of open banking.”
Iulian Mitrea, Business Development at Salt Edge, added:
“Here at Salt Edge, we’re thrilled to join forces with Tuum. Knitted by a common goal to revolutionise financial services through innovative technologies, products, business models, and most importantly, to improve the financial consumer experience by offering access to the latest technology dressed up in a digital wrapper.”
