Finovate Alumni News

On Finovate.com

  • Braintri Drives Insurtech Innovation in Europe.
  • Plaid Acquires Quovo in $200 Million Deal.

Around the web

  • Salt Edge joins Temenos Marketplace as the community’s first data aggregator.
  • BBVA leads $12 million Series A round for payments startup Grabango.
  • Cardlytics CEO Scott Grimes appointed board chair of FinTech Atlanta.
  • FICO awarded five new patents for fraud, AI, and advanced analytics technologies.
  • PYMNTS.com interviews Ondot CEO Bharghavan Vaduvur.
  • Akamai Technologies reveals plans to acquire customer identity access management firm, Janrain.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Salt Edge Serves Up Open Banking Payment Infrastructure for Testing

Just weeks after announcing a collaboration with smart money app, Yolt, Salt Edge is back with news of another new partnership. Today, the company reported its Open Banking payment infrastructure is now available for testing by third party providers.

The complete payment process can be simulated by TPPs who log into the Salt Edge system, which facilitates one-time payments, scheduled and future-dated payments, and bulk payments. The Open Banking hub is equipped with all four of PSD2-required authorization types: redirect/OAuth, embedded, decoupled, and app2app. PISP (Payment Initiation Service Provider) licensed-TPPs that elect to go live with the technology can begin the integration immediately.

Lisa Terziman-Gutu (Business Development EMEA) and CEO Dmitrii Barbasura (not pictured) during their live demo at FinovateEurope 2018.

Salt Edge provides financial data aggregation APIs, open banking and PSD2 solutions, as well as white label retail banking, and data enrichment services. The company demonstrated its Priora PSD2 and Open Banking solution at FinovateEurope earlier this year. The technology enables small and medium-sized banks to become fully PSD2 and Open Banking compliant in months. It provides a number of key features such as its Connector API and SCA Authenticator, and Salt Edge handles cumbersome TPP management – including communication, verification, and onboarding – for the bank.

“Our primary goal at Finovate was to demonstrate a complete user journey in the PSD2 and Open Banking world,” Salt Edge CEO Dmitrii Barbasura said. Calling the technology “secure, customer friendly, and reliable,” he added: “We believe that our solution covers all the needs and concerns that banks have in the wake of PSD2’s deadline, and goes beyond them by delivering the possibility of added-value services.”

Headquartered in Toronto, Ontario, Canada, Salt Edge was founded in 2013. The ISO 27001 certified company is connected to more than 3,100 banks in 60+ countries. Salt Edge has processed more than one million transactions, and has raised $3 million in funding as of this spring.

Finovate Alumni News

On Finovate.com

  • Cracking the Fintech Code: Secrets to Success for Fintech Start-ups.
  • Salt Edge Serves Up Open Banking Payment Infrastructure for Testing.

Around the web

  • Earnix forges strategic alliance with automated machine learning innovator, DataRobot.
  • IdentityMind Global partners with digital currency risk assessment specialist, CipherTrace.
  • HackerOne now accepts Bitcoin and Bitcoin Cash payments for bug bounties courtesy of new partnership with BitPay.
  • Fiserv taps Lee Cameron as new managing director for EMEA.
  • Siam Commercial Bank is the first bank on Ripple’s RippleNet to pioneer multi-hop, a feature that allows payment settlement on behalf of other financial institutions on the network.
  • Danske Bank leverages Featurespace’s ARIC fraud hub to reduce fraud.
  • Risk Ident wins Best eCommerce Technology Innovation at the London eCommerce Awards.
  • Banco Fassil is the first Bolivian company to migrate its ATM network to TranzAxis from Compass Plus.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • New Investment Helps Power Canadian Expansion for Financial Data Platform Quovo.

Around the web

  • HTC Global Services joins Quadient Partner Advantage Program.
  • Token Granted FCA Authorisation For Open Banking Payment & Information Services.
  • Erste Bank Hungary Readies for Immediate Payments and Open Banking Era with ACI Worldwide.
  • NICE’s Cognitive Robotic Automation Platform allows Amazon Lex’s conversational chatbot to fulfill more customer requests in real-time.
  • Salt Edge supports Account Information Services flows authorized under PSD2 Third Party Providers.
  • Sensibill powers receipt management for Quontic Bank.
  • Digital Onboarding to enhance Belmont Savings Bank’s customer engagement by increasing new checking account activation rates.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

FinovateEurope Sneak Peek: Salt Edge

A look at the companies demoing live at FinovateEurope on the 6 through 9 of March 2018 in London. Pick up your tickets today and save your spot.

Salt Edge’s open banking solution enables any bank to become compliant with the directive’s regulatory and technical requirements in the span of a few months.

Features

  • TPP verification and onboarding, AISP/PISP dedicated channels, SCA Solution
  • Management of end customer consents and trusted beneficiaries
  • Monitoring, triggers, fraud reporting

Why it’s great
Salt Edge takes on all the technical burdens of implementation, support, and TPPs onboarding by providing a SaaS-based PSD2 and open banking solution.

Presenters

Dmitrii Barbasura, Founder & CEO
Barbasura is the founder and acting CEO of Salt Edge. His background varies from software programming and SaaS/PaaS development to IT management and running a successful e-commerce businesses.
LinkedIn

Lisa Terziman-Gutu, Business Development EMEA
Terziman-Gutu is the company’s business development officer in charge of the EMEA region. She is experienced in user experience and product management and previously co-founded Fentury, the personal finance advisor.
LinkedIn