Fiskl, a UK-based software as a service company, joined hands with Salt Edge, a leader in offering open banking solutions, to deliver a seamless financial control experience to millions of small businesses globally.
„Fiskl integrates with Salt Edge to utilise advanced data aggregation capabilities and eliminate the need for manual data entry.”, according to the press release.
„Salt Edge solution tackles the pain point of financial paperwork by providing automated bank statement capture directly in Fiskl, thus enabling Fiskl to automatically reconcile revenue and expenses for its customers. Fiskl now gets instant access to categorised data from US and EU banks via the open banking channels.”
„Salt Edge services enables Fiskl to skip the need to integrate with multiple banks and be able to expand its coverage by connecting to over 5000 financial institutions across the globe.”, the company said.
„We believe that SMEs represent the fuel for worldwide economics and it’s exciting to collaborate with a company like Fiskl which aims to create accessible solutions to more than 350 million small businesses globally. At a time when SMEs need assistance, Salt Edge is happy to help Fiskl support SMEs digitising their businesses effortlessly and discovering a broad range of open banking benefits for growth, innovation, and diversity.”, said Jason O’Shaughnessy, Senior Vice President of Sales at Salt Edge.
„For Fiskl to better serve a global customer base, we need to work with global partners that help us compete in the market more effectively, enable us to achieve development efficiencies, and have a nimble and accelerated roadmap. As Fiskl is present in 120 countries, market coverage was one of the critical factors in our selection of Salt Edge as our data aggregation partner. The rapid additions of banks in new countries will enable Fiskl to reach deeper into those markets and to better serve local customers.”, said Alina Lapusneanu, Chief Executive Officer at Fiskl.
Salt Edge is a financial API platform with PSD2 and open banking solutions. The company has two main vectors of activity: enabling third parties to get access to bank channels via a unified gateway, and developing the technology necessary for banks to become compliant with the directive’s requirements. ISO 27001 certified and AISP licensed under PSD2, the company is integrated with 5100+ financial institutions in 70+ 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:
