Financial API platform Salt Edge has teamed up with Italian fintech accelerator Supernovae Labs to enable Italian financial institutions and third-party providers (TPPs) to aggregate bank data and initiate payments powered by PSD2.
Through the partnership, Salt Edge and Supernovae Labs are offering an Open Banking platform which will provide connectivity to thousands of banks from more than 50 countries globally.
Salt Edge said that the collaboration will help financial institutions leverage Open Banking opportunities and provide their clients with a more customer-oriented service.
Carlo Giugovaz, founder and CEO of Supernovae Labs, said: “We’re delighted to partner with Salt Edge who has proved to be a leader in providing Open Banking solutions.
“We, at Supernovae Labs, are committed to helping businesses accelerate their development by integrating high-end solutions, and Salt Edge’s Open Banking Gateway is bringing to the table exactly what the Italian market needs.”
Salt Edge cited a report published in 2020 which found that 57% of Italy’s end-users are mostly interested in saving time and 45% in ease of use when it comes to using digital banking.
Andrei Scutari, country manager Italy at Salt Edge, added: “Open banking is redesigning the European payments’ market and drawing a clear line between how things used to be done and how they can be done now.
“Joining forces with Supernovae Labs is directly supporting startups and is boosting innovation and contributes to creating a new competitive landscape with new rules of the game, allowing new players to participate – and all this with the main focus on the end-user.”