Nexpay to run all authentication processes through Salt Edge via Mobile SCA

15 septembrie 2021

Banking infrastructure provider Nexpay has partnered with Salt Edge, a provider of open banking solutions, together offering enhanced customer protections and SCA for the digital assets industry.

In order to maintain a high-security level in the new era of open banking, Nexpay announced that is now running SCA and all authentication processes through the app developed by Salt Edge.

„The Authenticator app is a SaaS solution that meets all the SCA requirements and runs dynamic linking for secure payments. The technology uses data encryption and anonymisation during the customer journey,” Salt Edge explains.

Nexpay is built on principles of excellence in security, reliability and convenience, which is why we chose to partner with Salt Edge. The Authenticator app is the best solution on the market to fit our high security requirements. An added bonus is that we think Salt Edge is providing a much better UX compared to the SMS-based two-factor authentication processes we are replacing.” – says Uldis Teraudkalns, CEO at Nexpay.

Working mostly with enterprise-level accounts, Nexpay’s new partnership will provide its customers with an increased level of flexibility and security for their digital assets platforms.

„End-customers will see in the app key payment details before confirming the payment, thus gaining confidence in their actions. The authentication journey was optimised for end-customers’ convenience – creating streamlined user experiences with advanced protection,” according to Salt Edge.

Having in place a mechanism that guarantees security of customers’ actions and privacy of their data is paramount in the trading market and the overall financial industry. We’re thrilled to assist Nexpay on its path toward being a global leader in the digital assets industry – by offering its clients security and flexibility in their platforms and products.”- says Andrei Lisnic, CTO at Salt Edge.

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Nexpay is a Vilnius-based fintech startup that provides banking infrastructure for the digital assets industry. Established in 2017, Nexpay is helping over 400 businesses build the future of money with a range of payments and accounts products. Created by a team of banking and digital assets industry veterans, Nexpay’s mission is to provide the digital assets industry a reliable, convenient, and powerful alternative to legacy financial institutions. Nexpay is a licensed Electronic Money Institution authorised and regulated by the Bank of Lithuania.

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Mihai Draghici – CEO PayByFace

„Dupa ce oamenii creeaza un cont PayByFace si au adaugat cardul, selfi-ul si PIN-ul, si au avut un pic de curaj sa se duca sa incerce, daca au incercat o data plata prin recunoastere faciala nu mai folosesc altceva (n.r. ca modalitate de plata). 80% dintre ei numai asta folosesc. Le place la nebunie.” 

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In 23 septembrie 2019, BNR a anuntat infiintarea unui Fintech Innovation Hub pentru a sustine inovatia in domeniul serviciilor financiare si de plata. In acest sens, care credeti ca ar trebui sa fie urmatorul pas al bancii centrale?