Bankfeed partners with Salt Edge to simplify multi-bank operations for businesses in the EU and UK

Source: Salt Edge

Bankfeed, a Microsoft Dynamics 365 Business Central add-on developed by Softera, has partnered with Salt Edge, a leading Open Banking solutions provider, to help SMBs across the EU and the UK manage multi-bank financial operations with greater efficiency, accuracy, and stability.

Balancing multiple bank accounts often means dealing with fragmented data, manual reconciliation, and limited visibility into the actual funds available. These challenges increase operational effort and raise the risk of payment errors or delays. Built for accountants and finance teams handling high volumes of financial transactions, Bankfeed automates bank statement imports, payment recognition and invoice reconciliation within Microsoft Dynamics 365 Business Central.

By integrating Salt Edge’s Data Aggregation and Data Enrichment solutions, Bankfeed connects to data from 2,700 banks across Europe and the UK through a single API. The integration provides real-time access to transactions and balances, along with enriched financial insights to accelerate reconciliation, reduce manual administration and support better decision-making.

Povilas Safranauskas, partner manager at Bankfeed said: “Our mission at Bankfeed has always been to remove unnecessary manual work from accountants’ daily routines and replace it with simple, reliable automation,

“Partnering with Salt Edge allows us to do exactly that at a broader scale. By integrating with Salt Edge’s APIs, we’re able to expand bank coverage, ensure more stable connections, and, in the future, support advanced use cases such as bulk payments,

“This partnership allows our customers across the EU and the UK to connect more banks, automate transactions, and process payments with greater confidence and efficiency.”

Virgiliu Bodrug, pay by bank expert at Salt Edge added: “The partnership between Salt Edge and Bankfeed provides accounting platforms and ERPs with secure, standalone API connectivity, enabling them to leverage Open Banking as a strategic advantage for growth and efficiency,

“By combining Salt Edge’s AIS with Bankfeed’s AI-powered automation in Microsoft Dynamics 365 Business Central, companies gain a real-time overview of their financial data, faster and more accurate reconciliation, and a streamlined process where transactions are automatically matched, allowing finance teams to spend far less time on repetitive tasks.”

Additionally, accessing customers’ bank account data in real time through Salt Edge’s Data Aggregation, Bankfeed enables businesses to identify and mitigate potential payment failures early. This reduces the risk of failed transactions, improves the customer experience, and enables companies to handle payments more efficiently.

Looking ahead, integrating Salt Edge’s Pay by Bank capabilities will allow Bankfeed to act directly on these insights, unlock new use cases, and further streamline workflows for high-volume operations. Customers will also be able to initiate secure bulk payments directly from Microsoft Dynamics 365 Business Central.

Further reading: Finlayer and Salt Edge partner to bring Open Banking to SMBs in Romania