Back in June 2019, Salt Edge announced the successful integration via open banking APIs with more than 200 banks all over Europe. Only two months later it is a hundred more, as Salt Edge is also connected with open banking APIs of Monzo, Revolut, Erste Group, CMA9, and many others.
Each API integration requires a lot of hard work, as Salt Edge’s experts check for any bugs and ticks through testing. It means looking for any pain-point in each bank’s interface and its documentation, and providing the feedback to their developers. The connection process must be smooth and frictionless, so that Salt Edge’s clients can provide excellent services to their end-users in the new open banking era. The goal is to give each bank connection focused and specific functional testing, as each API might differ in documentation, authentication flow, customer journey, and functionality. The integration experience with APIsin different countries was full of obstacles, so it is safe to assume that all third-party providers have to jump through hoops trying to connect with European banks. A collaborative attitude and combined efforts from all the market’s participants will be required in order to go through the integration smoother and eventually make open banking work for end-customers.
Salt Edge is further planning to connect with more banks in Europe: Ireland – Bank of Ireland, Ulster, Permanent TSB; France – Crédit Agricole, Crédit Mutuel; the Czech Republic – ČSOB, UniCredit and so on. You can check out here how many APIs are currently integrated.
This Blog post was originally published on Salt Edge website on August 15, 2019.