Curve Taps Salt Edge for Open Banking Compliance

Curve, a financial app, has tapped open banking fintech Salt Edge for a compliance and regulatory partnership to unlock new services for its users.

Curve sought a partner to assist them in meeting the open banking compliance and regulatory requirements of both the European Banking Authority and the Bank of Lithuania.

The fintech says the partnership with Salt Edge will enable the app’s 4 million users across Europe to continue to access the benefits brought by open banking.

Curve says Salt Edge's PSD2 solution enhances the customer experience by "eliminating the friction" between stakeholders.

Head of Curve Europe Mantas Šlepetys says the partnership with Salt Edge is the "latest step" in ensuring the firm continues to fulfil its obligations under the European Union’s 2016 Payment Services Directive (PSD2) regulation.

"Salt Edge has brought together an industry-leading team in this area with a strong reputation for best-in-class service," Šlepetys adds.

The solution includes a set of application programming interfaces (APIs), a third-party provider (TPP) access verification system, a "strong" customer authentication app, a consent management system, and more.

Salt Edge chief product officer (CPO) Ilia Dragan says Curve was looking for a "future-proof and quick way" to leverage the capabilities of PSD2.

"The goal of our collaboration was to ensure full PSD2 compliance while Curve can truly embrace the open banking potential for their customers," Dragan adds.

Source: FINTECH FUTURES