Ebury, a global fintech company specializing in payments and collections, FX risk management and business lending, will partner with Salt Edge, an open banking solution provider, to integrate its PSD2 APIs.
This collaboration will enable both companies to “enhance visibility and attract new customers while offering existing customers open banking services.”
Modern financial technology has advanced “with notable innovations, and Ebury is no exception.”
Founded in 2009, the global financial services provider has built “a secure, end-to-end payment infrastructure that offers a wide range of international payment, FX and lending solutions to their clients.”
Ebury aims to simplify and power global trade by “making it more accessible for businesses of all sizes.”
Its robust technology is designed to help clients “scale and transact all over the world.”
With Salt Edge’s open banking expertise, the company can “extend its reach and help clients unlock global growth.”
Salt Edge is working with Ebury’s team to “integrate their EU and UK PSD2 APIs.”
This integration will offer Ebury account holders “immediate access, in a compliant manner, to the vast network of accounting, Enterprise Resource Planning (ERP), and Treasury Management platforms using Salt Edge services for automated reconciliation.”
As a result, it will increase Ebury’s visibility “amongst financial service providers in Europe and the UK, allowing Ebury clients to experience the convenience of open banking.”
Ebury is excited to be working “with Salt Edge to extend the benefits of open banking to their UK and EU customers.”
Ebury exists to connect companies to the world and “optimise international trade, and our partnership with Salt Edge will simplify our customers’ reconciliation processes, allowing them to focus on growing their businesses.”
As noted in the update:
“Salt Edge is thrilled to support Ebury’s commitment to helping SMEs and businesses streamline and simplify cross-border trade. By adding Ebury’s PSD2 API to our network, we enable their clients to securely and seamlessly share account information with ours, eliminating regulatory burdens. Leveraging Ebury’s unique product offering, this collaboration reinforces our shared dedication to delivering innovative and comprehensive financial solutions.”
As mentioned in the announcement, Ebury is a global financial services firm that empowers businesses to trade and grow internationally.
It offers a comprehensive suite of products “including international payments and collections, business lending, and FX risk management.”
Founded in 2009 by Juan Lobato and Salvador García, Ebury is “one of the fastest-growing global Fintechs, with over 1,700 employees and 38 offices in more than 25 countries.”
In FY 2023, Ebury executed transactions “worth over £25.5 billion.”
Majority owned by Banco Santander, Ebury is regulated “as an Electronic Money Institution by the Financial Conduct Authority in the UK and as a payment institution by the National Bank of Belgium (NBB), allowing it to pass its licence to offer its services in all EEA Member states.”
As stated in a blog post, Salt Edge is a financial API platform “with PSD2 and open banking solutions for every business.”
The company has two main vectors of activity: enabling third parties to get access to bank channels via a unified gateway and “developing the technology necessary for banks to become compliant with the directive’s requirements.”
ISO 27001 certified and AISP licensed under PSD2, the company “employs the highest international security measures to ensure stable and reliable connections between financial institutions and their customers.”
