In the dynamic world of fintech, open banking has risen as an innovative solution, reshaping how consumers interact with financial services. According to Statista, the number of open banking users worldwide was expected to grow by an average of 50% per year between 2020 and 2024, with 12.2 million users in Europe in 2020. In 2024, the number of open banking users is close to 64 million, 70% more than predicted. As we navigate through the complexities of fintech, open banking serves as a foundation for a broader and more complex concept: Open Finance. Open Finance extends the principles of open ..read more

In recent years, the fintech industry has experienced a significant transformation, with women actively participating and succeeding in this dynamic landscape. Fintech has traditionally been a field dominated by men. Yet, women are now contributing to the industry with fresh perspectives, skill sets, and leadership styles. As it continues to grow, women are not just participants but key architects of innovation and improvement. They are redefining the connection between finance and technology, challenging stereotypes, and paving the way for a more inclusive future in fintech. As we celebrate I ..read more

Stephen Winyard, Director at Salt Edge Ltd, on how travel and online gaming stand to benefit significantly from leveraging open banking payments Open banking has had an incredible impact since its adoption in 2018, inspiring a wave of change and transformation as it disrupts the financial sector and spreads its influence beyond traditional banking worldwide. While some countries have already established regulations, others are in the process of expanding the technology’s scope, and more than 40 jurisdictions are just at the stage of implementing open banking. But one thing is certain–open bank ..read more

On February 14, 2024, the Jordan Payments and Clearing Company (JoPACC), along with the Central Bank of Jordan (CBJ) and a group of local banks, launched The Jordan Open Finance Standards. This groundbreaking initiative was made possible through JoPACC’s fintech Incubator JOIN Fincubator, and it is set to revolutionise the financial landscape in Jordan.  The launch of the technical standards follows the visionary “Open Finance Services Instructions” issued by the CBJ at the end of 2022, under which local financial institutions are mandated to develop the technology, allowing authorised TP ..read more

Plannix, a personal finance hub that helps with wealth tracking, portfolio management, and financial planning, teams up with Salt Edge, a leader in offering open banking solutions, to enable users from Italy and beyond to connect and view all their bank accounts in one place instantly. These days, financial planning is a crucial aspect of our daily lives. The constantly fluctuating markets, investment requirements, and day-to-day costs require people to plan their finances more carefully. This simple but important budgeting approach enables individuals to make informed decisions, allocate reso ..read more

Open banking is a revolutionary concept that has been gaining traction worldwide, and Saudi Arabia is no exception. In fact, the kingdom has taken a significant step forward in implementing open banking solutions. In 2020, the Saudi Arabian Monetary Authority (SAMA) launched the Open Banking Framework, which outlines the guiding principles, regulatory requirements, and technical standards for open banking in the country. It started with the debut of the first phase, focusing on the Account Information Service (AIS). One of the main AIS use cases enables customers to consolidate their financial ..read more

The Central Bank of Jordan (CBJ) has taken a significant step towards modernising the financial services landscape in the Kingdom by unveiling comprehensive guidelines for Open Finance services. These guidelines apply to all banks operating within the jurisdiction of CBJ, as well as online payment and money transfer companies under CBJ’s supervision and control. This pioneering initiative aligns with evolving global trends in financial services, facilitating the secure sharing of financial and banking data with third-party providers through cutting-edge API technology, all while adhering to ex ..read more

In a significant move towards advancing digital technology and open banking in the Kingdom of Saudi Arabia, SeaPay, a leading Omni-Channel Payment Solutions provider, has announced a strategic partnership with Salt Edge, a renowned financial technology company. This collaboration aims to provide local merchants in Saudi Arabia with innovative open banking solutions, aligning with the Saudi Central Bank’s vision for a thriving business environment. Open banking adoption in Saudi Arabia has gained momentum, thanks to the dedication of various stakeholders, including the Saudi Central Bank (SAMA ..read more

Cloud Finance, a software solution for corporate finance based in Italy, has joined forces with Salt Edge, a leading provider of open banking solutions. They are working together to create an environment where professionals and businesses can harness the full potential of open banking to make smart financial choices, improve efficiency, and fuel economic progress. Cloud Finance is dedicated to creating, developing, promoting, and selling various cloud software solutions for corporate finance, with a strong focus on artificial intelligence. The company provides various software applications for ..read more

TreasurUp, a fintech company specialised in commercial banking services, joins forces with Salt Edge, a global leader in open banking solutions, to enable a first-rate experience in account aggregation and open banking compliance for financial institutions in the UK and EU. Financial institutions are actively attempting to embrace new trends and maintain their competitiveness in this rapidly evolving environment amid quick advancements and changing consumer preferences. This is where technology companies like TreasurUp and Salt Edge come into play. TreasurUp’s Cash Visibility solution offers a ..read more