Financial data access is streamlined through a partnership between Salt Edge and Thinslices
European full-service product development company Thinslices and Open Banking solutions provider Salt Edge have joined forces, marking a significant step towards enabling Open Banking compliance among banks and streamlining its adoption across various industries.
Through this collaboration, businesses can unlock new payment possibilities and gain deeper insights, automate financial workflows, and integrate secure payment methods into their digital products.
Salt Edge, with its extensive data aggregation capabilities, collects data from over 5,000 financial institutions across 50-plus countries. This extensive network allows businesses to access unified, secure, and real-time financial data from multiple sources, improving financial decision-making and operational efficiency.
On the other hand, Thinslices offers white label solutions to lower front-end development costs. Their expertise in system integration and front-end development is combined with Salt Edge's financial data connectivity and payment initiation capabilities, resulting in a powerful partnership.
The partnership aims to simplify financial data aggregation and enable account-to-account payments for businesses. This direct, secure, and often cheaper alternative to card payments or other intermediated methods offers faster, more cost-effective payments.
Maria Rusu, Business Development Manager at Salt Edge, emphasized their commitment to making financial data more accessible and actionable for businesses across industries. She stated that the partnership with Thinslices is helping Salt Edge in its mission to streamline Open Banking adoption.
Stefan Sarbu, CEO of Thinslices, stated that the collaboration with Salt Edge is aimed at helping companies build smarter financial products faster. He believes that this partnership could potentially lead to the development of new payment possibilities.
The benefits of this partnership extend beyond improved financial data aggregation and efficient payment mechanisms. Businesses can enjoy a smoother onboarding, verification, and payment flows for their customers, leading to an improved customer experience.
Moreover, this collaboration benefits sectors like fintech, e-commerce, lending, insurance, and more, by enabling better data insights and payment innovation. The cross-industry applicability of these capabilities makes them invaluable in today's digital economy.
Lastly, both companies bring expertise in regulatory compliance and data security, ensuring that financial data aggregation and payments meet industry standards. This enhanced security and compliance further solidify the partnership's value proposition.
In essence, the Thinslices and Salt Edge partnership accelerates digital transformation efforts and enables new business models reliant on accurate financial data and efficient payment mechanisms. Industries such as automotive finance and lending may benefit from this partnership as it can enhance the decision-making process.
- Through their collaboration, businesses can gain deeper insights, automate financial workflows, and integrate secure payment methods into their digital products, resulting in a powerful partnership that aims to simplify financial data aggregation and enable account-to-account payments.
- With Salt Edge's extensive data aggregation capabilities and Thinslices' white label solutions, this partnership offers a smoother onboarding, verification, and payment flows for customers, leading to an improved customer experience across various industries.
- The benefits of this partnership extend beyond the fintech, e-commerce, lending, insurance, and other sectors, as it enables better data insights and payment innovation, making them invaluable in today's digital economy.
- Both companies bring expertise in regulatory compliance and data security, ensuring that financial data aggregation and payments meet industry standards, thereby further solidifying the partnership's value proposition and accelerating digital transformation efforts.
