You are using an out-of-date browser. Update your browser or view website in basic form.

Je gebruikt de verouderde vormgeving maar je browser is volledig up-to-date.

Homepage

Backbase and Salt Edge join forces to accelerate open banking compliance and innovation

A strategic partnership to empower financial institutions unlock the full potential of open banking
Press and Media Header Image Backbase and Salt Edge partnership EN

Amsterdam, 31 March, 2025 – Backbase, the global leader in engagement banking, has announced a strategic partnership with Salt Edge, a leading provider of open banking solutions, to accelerate the adoption of open banking and help banks seamlessly meet compliance requirements while unlocking new revenue opportunities.

This collaboration enables Backbase customers to integrate robust open banking compliance solutions from Salt Edge. Available end-to-end through the Backbase Marketplace, it ensures seamless connectivity to the bank’s tech stack.

The hidden cost of being compliant

Banks working toward open banking compliance struggle to build secure authentication flows between third-party providers (TPPs) and their web and mobile apps, resulting in millions of IT dollars spent in building and maintaining these solutions. 

With Backbase offering the banking & integration platform and Salt Edge providing a state-of-the-art open banking compliance solution, banks can now provide a turnkey solution to TPPs, without additional build and maintenance costs. 

This solution includes: 

  • end-to-end open banking compliance solution

  • seamless access to Salt Edge’s products offering for Backbase customers,

  • a great customer experience for TTPs with dashboard, self-service registration and developer portals.

This partnership marks a significant step in our mission to empower banks to re-architect banking around the customer. By collaborating with Salt Edge, we enable banks to not only comply with open banking regulations but also to potentially monetize their APIs and offer seamless digital experiences to their customers.

Roland Booijen, General Manager Ecosystems at Backbase

Turning API modernization into profit

Beyond compliance, this strategic collaboration allows banks to transform API infrastructure into a key driver of revenue growth. By leveraging Salt Edge’s expertise in API aggregation and compliance, banks can securely connect with TPPs, offer value-added services, and explore new business models that capitalize on the open banking revolution.

Regulatory compliance should not be a bottleneck for banks but rather a catalyst for growth and innovation. By partnering with Backbase, we are equipping financial institutions with the tools they need to effortlessly thrive in the evolving open banking landscape.

Iulian Mitrea, Head of Partner Ecosystem at Salt Edge

A transformative step towards open finance

As the financial industry moves towards an open finance era, this partnership is a testament to Backbase and Salt Edge’s commitment to driving innovation and empowering financial institutions to stay ahead of the curve.

About Salt Edge

Salt Edge – 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 employs the highest international security measures to ensure stable and reliable connections between financial institutions and their customers. The company is integrated with 5000+ financial institutions in 50+ countries.