The year 2023 marks a significant milestone for Salt Edge – celebrating 10 years of excellence and expertise in open banking. At the beginning of the year, Salt Edge announced its expansion to Jordan. In addition to the expansion in the Hashemite Kingdom of Jordan, the company orchestrated campaigns in multiple countries, including Montenegro, North Macedonia, and Azerbaijan.
„Our endeavours in these new markets have led to partnerships with new customers, demonstrating our dedication to expanding constantly and providing open banking opportunities to more regions.” the company says.
In 2023, Salt Edge made significant strides in expanding its partner ecosystem, signing more than 20 partnerships around the world. The company’s collaborations with global companies, including HCLTech, Endava, Skaleet, Access to Arabia, and AMLYZE.
Explored new industries
This year, Salt Edge expanded its horizons by exploring the potential of open banking in two new industries: travel and iGaming. In the travel industry, open banking can streamline payment processes, making them easier, safer, and more cost-effective. Meanwhile, in the iGaming sector, open banking can help mitigate fraud risks, enable easy and secure account funding and withdrawals, and provide valuable data insights. Stephen Winyard, Director at Salt Edge, outlined in The Fintech Power 50 annual guide the transformative benefits of open banking solutions for the travel and iGaming industries.
Amid innovation and performance
During the past year, Salt Edge has released several enhancements to their open banking solutions, each designed to improve the user experience, increase efficiency, and provide more value to the customers.
A notable addition to the company’s suite of features this year is the automatic bank monitoring release, which notifies end users when their bank is temporarily unavailable and promptly alerts them when services are restored, ensuring seamless utilisation. In addition, Salt Edge has created features that enable clients’ categorisation to be tailored to their unique business needs.
Addressing the ever-evolving landscape of financial regulations, the company introduced an Anti-Money Laundering (AML) product for the clients to ensure the security and compliance of their transactions. More, Salt Edge unveiled premium widgets as a new solution for advanced features and functionalities, adapted for each client.
Amidst these strides in innovation, „the year 2023 saw a remarkable 370% increase in the number of payments processed compared to the previous year, and we registered 2.5 billion API calls, allowing a seamless and high-performance interaction”, the company added.
„In 2023, we managed to expand our partner ecosystem, signing more than 20 new partnerships with leading companies worldwide. These partnerships will enable us to offer open banking and digital solutions to businesses across various industries.” shares Iulian Mitrea, Head of Partner Ecosystem at Salt Edge
„We believe that open banking has enormous potential to transform the way financial services are delivered; thus, our mission is to continue exploring new opportunities and bringing the benefits of open banking to even more countries.” concludes Vasile Valcov, Chief Commercial Officer at Salt Edge.
More details here – Salt Edge’s 2023 wrapped
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: