Salt Edge & Intrasoft to help banks with PSD2 & SCA compliance

By Megha Bhattacharya

European IT solutions and services group, Intrasoft has teamed up with open banking solutions provider, Salt Edge in a bid to help banks and e-money institutions with PSD2 and SCA compliance. The IT solutions provider is expected to benefit from the open banking solution provider’s PSD2 compliance toolkit and leverage the company’s Authenticator app to create a secure payment environment.

“We were looking for a solution that would be technologically advanced, easy to use, and operate, while at the same time fulfilling all the required security and compliance standards. Salt Edge solutions are well defined with rich functionality that permit our clients to offer meaningful services to their end customers, maintaining a secure business environment,” said Christos Kontellis, General Manager, Enterprise Solution Business Unit at Intrasoft.

According to the FinTech, Intrasoft will use its PSD2 and SCA compliance solutions for supporting an e-money institution in Greece to become fully compliant with the directive. Intrasoft offers business solutions to institutions, supporting digital transformation and industry-specific initiatives.

“Working with a global leader in IT solutions makes it possible to create a fruitful collaboration diving into countless opportunities powered by open banking technology. Salt Edge offers stable and secure solutions that complement Intrasoft’s business development strategy. We look forward to extending our collaboration by providing Intrasoft access to Salt Edge’s bank connections,” commented Dmitrii Barbasura, CEO at Salt Edge.

Recently, UK-based FinTech HyperJar selected the open banking solutions provider in a bid to achieve PSD2 compliance and develop new open banking capabilities.