Shanghai Commercial Bank (“ShaComBank”), an international bank based in Hong Kong offering banking and financial services across the world, including the UK, joined forces with Salt Edge, a pioneer in open banking, to leverage PSD2 possibilities and create a bespoke banking experience for its customers.
ShaComBank is one of the most prestigious local Chinese banks in Hong Kong.
The bank enables customers to securely connect their accounts to external apps through Salt Edge’s Compliance Solution, allowing them to stay abreast of their financial position in their preferred channels, whether on the go or in the comfort of their homes, stepping beyond traditional banking.
„As part of the PSD2 Compliance Solution, Salt Edge offers APIs, a complete TPP developer portal, a TPP verification system, a client dashboard, and periodic API updates that keep up with any regulatory changes.” – according to the press release.
„Through the TPP verification system, only regulated institutions can access ShaComBank’s open banking channels, keeping the personal accounts of its clients always protected – one of the bank’s top priorities.” – the company explains.
Incorporated in November 1950, Shanghai Commercial Bank Limited (“SCB”) has been one of the most distinguished local Chinese banks in Hong Kong. At present, SCB has over 50 branches across Hong Kong, mainland China and overseas, with a business network reaching the United Kingdom, the United States of America, Shanghai and Shenzhen.
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: