Raisin UK Teams Up with Salt Edge to Enhance Open Banking Compliance and Customer Experience
Raisin, world leading platform for savings and investments, has partnered with open banking innovator Salt Edge to strengthen its compliance with UK regulations, ensuring secure and seamless financial solutions for customers.
Raisin operates globally across the EU, UK, and US, offering customers access to competitive interest rates and a diverse selection of banking products. By connecting banks with retail clients, Raisin also provides access to sticky, scalable retail funding.
To enhance transparency and accessibility in financial services, Raisin chose Salt Edge as a trusted partner to deliver scalable solutions for regulatory compliance and business growth for its UK platform. Salt Edge’s Open Banking Compliance solution helps Raisin meet FCA regulatory standards, ensuring top-tier security, transparency, and data protection for its customers.
“We’re thrilled to collaborate with Salt Edge to enhance our ability to deliver seamless, secure, and compliant financial services for our UK platform. This partnership enables us to continue breaking down financial barriers for customers while adhering to the highest standards of open banking compliance. By leveraging Salt Edge’s robust platform, we can drive innovation and growth, bringing more value to our retail customers and partner banks.”
– Alexa Lloyd-Owen, Head of Compliance UK at Raisin
In addition to meeting open banking requirements, Raisin utilised a full-stack toolkit to maximise regulatory opportunities. This includes a dedicated environment for Third Party Providers (TPPs) to integrate seamlessly, with first-line support managed by Salt Edge. The toolkit also features a client dashboard for performance monitoring and a TPP verification system to control and secure access to data.
“The regulatory landscape is evolving rapidly, and keeping up with these changes can be challenging. Thus, we are thrilled to partner with Raisin, supporting them in achieving open banking compliance and meeting the strict regulatory requirements at pace, all while delivering secure and top-tier financial services to their customers.”
– Dan Martalog, Senior Open Banking Solutions Expert
About Raisin
Raisin is the world's leading platform for savings and investment products. Founded in 2012, the fintech connects consumers with banks in the EU, UK, and USA. This means they receive better interest rates, and banks receive safe and cheap refinancing. Raisin’s vision is to offer simple savings and investments without barriers and thus tap into the global +140 trillion euro market. Raisin currently employs more than 700 people worldwide from over 65 countries. Today, the platform manages over 70 billion euros from direct customers who have earned over 2 billion euros in interest through savings products alone.
About Salt Edge
Salt Edge is a financial API platform with PSD2 and open banking solutions for every business. The company has two main vectors of activity: enabling third parties to get access to bank channels via a unified gateway and developing the technology necessary for banks to become compliant with the directive’s requirements. ISO 27001 certified and AISP licensed under PSD2, the company employs the highest international security measures to ensure stable and reliable connections between financial institutions and their customers. The company is integrated with 5,000+ financial institutions in 50+ countries. Salt Edge has been named a Strong Performer in The Forrester Wave™: Open Banking Intermediaries, 2023 Report.
More information: www.saltedge.com
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Email: press@saltedge.com