Open banking solutions specialists Salt Edge has partnered with digital finance platform Globitex to further secure its EURO wallet product.
Powered by Nexpay, the EURO wallet is a crypto industry oriented banking solution that enables users to transact EUR payments on a dedicated IBAN like any other bank account.
The partnership aims to ‘maintain a high-security level in the new open banking movement’ with Globitex utilising Salt Edge’s Authenticator app for strong customer authentication (SCA) compliance.
“Globitex strives to ensure customer excellence in both security, reliability and convenience, which is why we chose to partner with Salt Edge, whose Authenticator app is the best solution on the market to fit our high requirements regarding strong customer authentication,” said Uldis Teraudkalns, CEO at Globitex.
The Authenticator app is a Software as a service (SaaS) solution that meets all the SCA requirements and uses data encryption and anonymisation during the customer journey.
Globitex’s e-money service will use the solution to access accounts and approve payment orders with end-customers being given the ability to view key payment details before confirmation.
“Having in place a mechanism that guarantees security of customers’ actions and privacy of their data is paramount in the trading market and the overall financial industry,” commented Andrei Lisnic, CTO at Salt Edge.
“We’re thrilled to assist Globitex on its path toward being a global leader in the crypto market – by offering its clients confidence in trading.”
The fintech solution provider also revealed it has integrated more than 600 open banking APIs in the European Union (EU).
Boasting a portfolio with the likes of Lloyds Bank, Comdirect and Caixa Geral de Depósitos, the firm said it hopes to create ‘more opportunities’ for banks and third party providers.
Salt Edge plans to continue the open banking drive and disclosed its next targets include: Standard Chartered, de Volksbank, Garanti Bank, Fio, ČSOB, Knab and UBS.