The Salt Edge Open Banking Compliance Solution is a comprehensive SaaS platform designed to help banks and Electronic Money Institutions (EMIs) meet all open banking requirements efficiently and scalably. It offers a full-stack toolkit that covers essential components for fast, secure, and seamless compliance. Key features include a comprehensive set of APIs for Account Information Services (AIS) and Payment Initiation Services (PIS), a dedicated environment for Third-Party Providers (TPPs) with its own API, ticketing system, and monitoring dashboard, and a detailed ASPSP dashboard for insights and performance monitoring. The solution also incorporates a TPP Verification system to securely identify connecting third parties and a Mobile SCA solution for strong customer authentication and dynamic linking to enhance online payment security. Furthermore, Salt Edge assists ASPSPs in obtaining regulatory exemptions from providing fallback channels, reducing significant expenses. This solution enables rapid adoption, allowing institutions to become fully compliant in as little as one month with minimal internal effort, while Salt Edge manages system monitoring, maintenance, and updates.

Features & Benefits

• Comprehensive APIs: Provides AIS and PIS APIs to facilitate open banking functionalities.
• TPP Dedicated Environment: Offers a full-service environment for TPPs including dedicated APIs, ticketing, and monitoring.
• ASPSP Dashboard: Presents insights and performance monitoring at a glance for Account Servicing Payment Service Providers.
• TPP Verification System: A ready-to-use solution for secure identification and verification of TPPs requesting API access.
• Mobile SCA Solution: Meets strong customer authentication and dynamic linking requirements for secure payments.
• Fallback Channel Exemption Assistance: Helps ASPSPs apply for regulatory exemption from providing contingency mechanisms.
• Cost-Effective & Scalable SaaS: A technically scalable approach to compliance with agile deployment and managed updates.
• ISO 27001 Certified & Experienced Provider: Backed by nearly a decade of fintech experience and certified security standards.
• Monetisation Opportunities: Flexible solution allowing the addition of premium APIs and value-added services.