Salt Edge and NayaOne Partner to Offer Open Banking Connectivity

Salt Edge's account information and payment initiation solutions are now available to be tested on the NayaOne platform, enabling hundreds of financial services organisations to build customer-centric financial products based on secure access to accounts in 5,000+ banks globally.

NayaOne powers the UK Digital Sandbox built for financial institutions, including banks, insurance companies, tech startups, and industry regulators. With a unified point of access, firms can test a variety of integrated fintech solutions in a Digital Sandbox environment complete with datasets. The partnership with NayaOne offers their customers easier access to Salt Edge's open banking solutions, removing the complexity of integration and maintenance of connections to thousands of PSD2 channels for account information and new payment capabilities. 

"We are incredibly excited to be working with Salt Edge who are proactive and committed to innovation. At present, we are offering Salt Edge's payment and data aggregations solutions through the NayaOne Tech marketplace. We are also looking forward to featuring Salt Edge's Open Banking Solution which enables banks to meet regulatory requirements effectively and efficiently," said Oli Platt, Product Manager at NayaOne.

Salt Edge's data aggregation technology automatically structures and categorises bank data fetched via open banking channels, while payment initiation enables a faster and more secure payment experience for NayaOne's clients. The partnership will soon expand to offer Salt Edge's Open Banking Compliance Solution – a full-service environment for banks and EMIs to meet the strictest regulatory requirements in a matter of weeks. 

"Building partnerships with companies that understand financial institutions' needs and approach them with the latest technology is the key to extensive and organic adoption of open banking. That's why we're thrilled to be sharing with NayaOne the same goal – to provide a universal platform that takes the technological and regulatory burden off various types of financial institutions and helps them innovate easier," added Iulian Mitrea, Business Development Manager at Salt Edge.