SDK.finance selects Salt Edge to boost open banking solutions

By Gloria Methri

SDK.finance, a white-label Lithuanian FinTech platform for digital payments, has partnered with open banking solution provider Salt Edge. This collaboration will help FinTech companies and financial institutions of all sizes develop open banking-enabled financial services and applications or update their existing ones.

SDK.finance offers a pre-built ledger-based solution that serves as a foundation for various FinTech products, including digital wallets, neobanks, payment apps, crypto-to-fiat solutions, and money transfer systems.

By leveraging Salt Edge’s Partner API, SDK.finance enables its customers without an Account Information Service Provider (AISP) licence to access bank account information easily, bypassing complex regulatory barriers. Moreover, SDK.finance customers developing digital wallets or neobank products can easily provide cost-efficient payment initiation services, including account top-ups, without needing to connect with each bank individually. This ensures a fast, secure, and seamless user experience.

Alex Malyshev, CEO and co-founder at SDK.finance, said, “By integrating Salt Edge’s extensive network and expertise, we are unlocking access to Open Banking for our customers, a feature that’s become a literal hot topic in their requests. This will allow our customers to offer their end users a rich and convenient Open Banking experience, ultimately accelerating financial inclusion and innovation within the industry.”

SDK.finance will use Salt Edge’s Partner Program for account information and payment initiation services to offer cost-effective and streamlined solutions to the EU market. The platform is also committed to bringing financial inclusion closer to unbanked countries, encouraging businesses to build innovative products that will reach underserved populations globally.

Rusu Maria, Business Development Manager at Salt Edge, said, “Our mission is to enable FinTechs and other businesses to integrate digital financial services into their offerings with minimum efforts from their side and in compliance with the latest open banking regulatory requirements. The partnership with SDK.finance allows us to assist all-sized businesses in enhancing their products with robust Open Banking solutions, ensuring they remain competitive in today’s dynamic economy. “