Financial super-app Curve partners Salt Edge for compliance with open banking

Financial super-app Curve has tapped open banking fintech Salt Edge for a compliance and regulatory partnership as Curve looks to bring new payment technologies to its users.

As such, Curve looked for a collaborator to help them achieve the open banking compliance and regulatory standards set by the European Banking Authority and the Bank of Lithuania.

According to the financial technology company, their relationship with Salt Edge will ensure that their 4 million European app users may keep enjoying the advantages of open banking.

As per Curve, the customer service is improved using Salt Edge’s PSD2 solution since it “eliminates the friction” between parties.

According to Mantas lepetys, Head of Curve Europe, the relationship with Salt Edge is the “latest step” in ensuring the company continues to meet its requirements under the European Union’s 2016 Payment Services Directive (PSD2) law.

“Salt Edge has brought together an industry-leading team in this area with a great reputation for best-in-class service,” lepetys continues.

The solution is comprised of many modules, including as APIs, a TPP access verification system, a “strong” client authentication app, a consent management system, and more.

CEO of Salt Edge, Ilia Dragan, claims that Curve was seeking a “future-proof and rapid solution” to utilize the features of PSD2.

With our joint efforts, we were able to guarantee full PSD2 compliance, allowing Curve to fully embrace the open banking potential for their consumers.

After two and a half years with the company, Curve’s COO Nathalie Oestmann left in March, shortly before the company expanded across the Atlantic.

In order to expand its product line, the fintech hired Eyal Galina as its new chief product officer (CPO) in July. – fintechfutures