Eprivia adds Open Banking to portfolio through partnership with Salt Edge

Source: Salt Edge

Exprivia | Italtel, an international company specialized in Information and Communication Technology, and Salt Edge, a leader in developing open banking solutions, combined their efforts to open up the possibility for banks and other financial institutions to take advantage of innovative digital technology and global connectivity.

United by the common mission to ensure broader access to technology-driven experiences, the partnership lays the groundwork for integrating the products of Salt Edge with Exprivia | Italtel offers in the finance sector. This will beef up Exprivia’s portfolio with optimized open banking solutions and will enable Salt Edge to enhance the distribution of its products. Banks, insurance companies, lenders, and other financial institutions will get access to innovative solutions, which will help them to keep pace with financial trends dictated by the open banking movement.

“The partnership with Salt Edge will enable us to enhance our portfolio of products and convey technologically advanced services and solutions capable of generating new opportunities for both companies and for individuals, in the belief that the new regulatory ‘frontiers’ can become useful tools for economic growth ,” said Filippo Giannelli, Exprivia’s Head of Market Unit Banking, Finance & Insurance.

The partnership involves extended delivery of innovative open banking solutions, customized to ensure alignment with regulatory standards. Salt Edge brings a set of digital services within two main scenarios. With PSD2 compliance, banks and eWallets will have the opportunity to eliminate technology and legacy barriers by fulfilling regulatory requirements in a short period of time. By leveraging Salt Edge Gateway, authorized third parties will be able to get aggregated data and use payment initiation capabilities via a single API, with the ability to connect with 3700+ banks in 70+ countries, which Salt Edge has integrated so far.

By including open banking products to its portfolio, Exprivia will empower all kinds of financial players to create services based on aggregated account data, categorized transactions both business and personal, refined analysis of end-customers’ financial behavior, strong customer authentication solution, completing payments directly from the account, and meeting PSD2 requirements.

“With open banking gaining a more central position in the financial arena, Salt Edge places security and efficiency at the core of its technological solutions, focusing on delivering useful products and enhanced experiences, while adhering to the demands of innovative financial services. The partnership with Exprivia|Italtel will enable more institutions to benefit from a truly open banking environment by means of innovative services,” commented Dmitrii Barbasura, CEO at Salt Edge.

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