TreasurUp and Salt Edge team up to offer open banking solutions

By Gloria Methri

TreasurUp, the FinTech company specialising in commercial banking services, has joined forces with Salt Edge, to enable a first-rate experience in account aggregation and open banking compliance for financial institutions in the UK and EU.

TreasurUp’s Cash Visibility solution offers a comprehensive view of currently available cash levels held at multiple banks. Through Salt Edge’s open banking connectivity with over 5,000 financial institutions, the partner enables banks to help their clients manage their financials more easily.

Now businesses can add bank accounts from other banks and receive graphical and numerical insights into current and historical account balances, powered by open banking.

The partnership supports banks in achieving PSD2 compliance within strict open banking regulations with minimal resources and fortifies end-user security through Salt Edge’s Mobile SCA solution. Moreover, with connectivity to thousands of financial institutions in 50 countries, banks can facilitate their customers getting instant access to account data and add a secure payment method to empower businesses to make informed decisions and digitalise their processes.

Philip Costa Hibberd, Product Manager at TreasurUp said, “We are excited to partner with Salt Edge to bring the power of open banking and cash visibility to company clients of banks. Salt Edge has an impressive track record in guiding banks in the development of the technology they need to become champions of open banking. TreasurUp, on the other hand, specialises in helping banks translate the open banking technology foundation into solutions that help companies make better decisions about their finances and improve their bottom line in an easy and self-service manner.”

Iulian Mitrea, Business Development Manager at Salt Edge said, “We are delighted to partner with TreasurUp to help banks benefit from the power of open banking. TreasurUp’s expertise in commercial banking will be invaluable in helping us deliver a solution that is truly tailored to the needs of banks and their clients.”

Salt Edge is a financial API platform with PSD2 and Open Banking solutions for every business. 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 Open Banking licensed, the company employs international security measures to ensure stable connections between financial institutions and their customers. The company is integrated with 5,000+ financial institutions in 50+ countries.