Endava, a global provider of digital transformation, agile development, and intelligent automation services, announces its new partnership with the leading open banking platform Salt Edge to share the full potential of open banking solutions.
As Open Banking Limited reports, in September 2023, the number of active open banking users in the United Kingdom rose to almost 8 million. A year earlier, in October 2022, the number was estimated to be 6.5 million. The emergence of open banking has led to an exciting development of technology, generating a dynamic landscape that is changing the way financial data is handled. In light of these factors, financial institutions and entities find themselves coping with a swiftly evolving regulatory landscape, which can be challenging but brings many benefits to the table.
The partnership supports banks in achieving Open Banking Compliance within strict regulations with minimal resources. Additionally, banks can add a safe payment option and make it easier for their clients to get immediate access to account data.
„Owing to Endava’s proficiency in finance and payments, banks and third-party providers (TPPs) will be able to fulfil their regulatory requirements and stay up-to-date with emerging technologies. This eventually translates into a smoother, quicker time to market while still providing the innovative solutions that companies require to expand and grow.” the company explains.
Serving clients in payments and financial services, TMT, consumer products, retail, mobility, and healthcare, Endava is dedicated to accelerating its clients’ ability to take advantage of new business models and market opportunities by offering dynamic platforms and intelligent digital experiences. In addition, Salt Edge has proven to be a reliable source of secure connectivity to more than 5,000 financial institutions worldwide, offering full open banking solutions.
„We’re delighted to partner with Salt Edge with their open banking expertise and easy, seamless and PSD2-compliant integrations. Their flexible and timely solutions align with Endava’s agile delivery, enabling customers to innovate quickly and effectively.” says Andrew Davies, Global Head of Payments at Endava.
„Salt Edge provides extensive expertise in open banking and interoperability between banks and third parties and is a fantastic addition to our growing partner ecosystem.” says Lewis Brown, Endava’s Head of Alliances and Partnerships.
„We are excited to partner with Endava to align our efforts in helping more businesses and financial institutions benefit from countless open banking opportunities. Leveraging Endava’s deep knowledge and expertise in various industries, the collaboration will enable clients to thrive in this rapidly changing landscape by simplifying financial innovation, ensuring compliance, and providing secure open banking solutions.” – says Iulian Mitrea, Head of Partners Ecosystem.
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: