Financial institution MPS collaborates with Salt Edge to roll out PSD2-conformant Open Banking APIs, catering to both retail and corporate clients.
In a significant stride towards delivering smarter, data-enriched financial services, Mobile Payment Solutions (MPS) has entered into a partnership with Salt Edge, a leading provider of Open Banking compliance solutions. With a full-scale European activation on the horizon, this collaboration is set to redefine the financial landscape.
The partnership is currently in an early-stage rollout, with MPS customers already benefiting from more seamless and secure access to financial services via digital channels, thanks to Salt Edge's open banking tools.
Jan Harboort, CEO of MPS, expressed his excitement, stating that this partnership will lead to smarter, more responsive payment experiences, anticipating user needs, and delivering real-time actionable insights. He compared the partnership to a printer ordering its own ink, suggesting that a payment system should know what value to add at the right time.
MPS aims to create scalable, next-generation financial services using its intuitive payment infrastructure and Salt Edge's extensive European bank connectivity and compliance expertise. The collaboration is focused on building a platform that doesn't just process payments, but anticipates user needs and delivers actionable insights in real time.
Victor Colta, Product Owner at Salt Edge, emphasized the importance of compliance in innovation and establishing a basis for third-party providers to have confidence in MPS's APIs. Salt Edge views compliance as a driver of innovation and is enabling MPS to adhere to strict PSD2 standards, establishing a basis for robust and dependable APIs.
The partnership extends MPS's reach to a wider client base, including fintechs, e-commerce platforms, mobility, and hospitality brands. The collaboration gives MPS the technical foundation to expand its digital financial services by ensuring regulatory compliance, accelerating innovation, enhancing customer experience, and reducing complexity and time-to-market.
With this partnership, MPS is poised to broaden its digital financial services portfolio, attract new customers, and drive digital transformation in Belgium’s payment sector. This collaboration is a testament to MPS's commitment to providing innovative, secure, and user-friendly financial services.
[1] Salt Edge specializes in providing Open Banking compliance solutions, offering APIs and infrastructure that enable secure, regulated access to bank data and payment initiation for financial institutions. [2] Their offerings include Account Information Services (AIS) and Payment Initiation Services (PIS) that are compliant with regulations like PSD2, and tools for data enrichment and streamlined compliance processes. [3] These solutions help institutions aggregate, secure, and access user financial data in a unified and easy-to-read format, supporting a wide range of digital banking functions. [4] In the context of MPS, Salt Edge's partnership enables MPS to launch PSD2-compliant APIs for both retail and corporate accounts. [5] This collaboration gives MPS the technical foundation to expand its digital financial services by reducing the compliance burden, accelerating innovation, enhancing customer experience, and minimizing technical and regulatory hurdles.
- This partnership with Salt Edge, a leading provider of Open Banking compliance solutions, allows MPS to launch PSD2-compliant APIs for both retail and corporate accounts at ffnews.com, expanding its digital financial services.
- With Salt Edge's extensive European bank connectivity and compliance expertise, MPS aims to create scalable, next-generation financial services that not only process payments but also anticipate user needs and deliver actionable insights in real-time, in areas such as finance, technology, and business.
