Salt Edge, a leading open banking solutions provider, recently launched its 6th Open Banking Gateway API version. „The company is releasing its newest version of the Account Information API first, with the Payments API slated to follow suit in short order.” – according to the press release.
This latest update follows the successful launch of API V5 in 2019. Packed with improvements across various product units and tools, this version is a direct outcome of listening to the clients and Salt Edge’s in-house knowledge and expertise. Through meticulous analysis of feedback and conducting numerous client interviews, Salt Edge has ensured that the new version of its API will deliver exactly what clients need.
Here are the key updates and enhancements included in this latest Salt Edge API release:
Easier integration
One significant improvement in this version is how quickly integrations happen. Thanks to the endpoints’ optimisation, integrating with Salt Edge’s API is now easier and faster. This means smoother interactions for developers and streamlined endpoint management and maintenance.
Consistent environment
Another essential feature of the new version is that regardless of the license clients choose to use, the API environment remains consistent. The amendment facilitates smoother and swifter navigation through the documentation due to the revised sections’ content, along with a fresher look. Now, through the migration to API V6, the clients using the Salt Edge license will gain enhanced access and control, being provided with the same API rights as clients with their own licenses.
Dynamic and responsive system
Due to a broader array of callbacks, the upgraded version facilitates real-time updates, notifications, and event triggers, rewarding all clients’ interactions with a more dynamic and responsive system. An increased selection of callbacks empowers clients to gain enhanced capabilities to monitor changes and swiftly address issues, ensuring a more robust and interactive API environment.
A new changelog page in the API Documentation
The Salt Edge’s API V6 also introduces its new changelog page in the API Documentation. This addition will empower its clients to stay informed about all the latest updates and enhancements effortlessly. Now, keeping track of changes becomes a breeze. This centralised resource is a go-to guide, providing concise summaries of updates, bug fixes, and new features.
A dedicated feedback form
Additionally, as part of the company’s commitment to enhancing its services, Salt Edge has taken a significant pace towards fostering closer collaboration with its valued clients. They’ve established a dedicated form to gather feedback and technical suggestions directly. This initiative is pivotal in facilitating a more agile and responsive product upgrade cycle. The input and insights will play a crucial role in shaping Salt Edge’s product, ensuring that it aligns precisely with evolving clients’ needs.
The Salt Edge client’s experience is bound to be enhanced yet further by even more updates. Here are some more refinements awaiting Salt Edge’s clients with the launch of the 6th version of the API:
. A streamlined transaction handling that eliminates duplicated and pending transactions giving clients more control and a more accurate representation of the users’ data.
. The ability to delete Connections for more flexibility in the day-to-day operations of clients using the Salt Edge license.
. A new account status to provide even greater clarity and granularity regarding the user’s account for a better understanding of failures.
. An extended consent validity period for European users of up to 180 days ensures that users have more time to manage their consents effectively, without frequent renewals.
. Ensured field consistency by returning Account Information & Payments Initiation fields supported by banks.
. A better connection status, thanks to the enhanced consent management update. Actions linked to the consent now directly impact the connection status.
. More refresh capabilities allow for background refresh and remove unnecessary steps from manual refreshes.
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Salt Edge is a financial API platform with PSD2 and open banking solutions for every business. The company has two main vectors of activity: enabling third parties to access bank channels via a unified gateway and developing the technology necessary for banks to comply with the directive’s requirements. ISO 27001 certified and AISP licensed under PSD2, the company is integrated with 5,000+ financial institutions in 50+ countries.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
