Erste Group and Salt Edge partner to bring advanced multi-banking services to the CEE region. Source: Shutterstock.com

Eastern Europe’s financial services provider, Erste Group, has chosen to collaborate with Salt Edge, an open banking solutions provider.

The aim is to bolster the multi-banking functionalities for Erste Group’s retail and corporate customers through the George banking app and the ErsteConnect API. 

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Erste Group is one of the largest financial services providers in the Eastern part of the EU, serving over 16 million customers in around 2,000 branches across 7 countries.

The bank already uses Salt Edge’s Account Information solution to enable multi-banking for its customers through the George banking app in Austria and Romania. This feature provides users with a comprehensive, 360-degree view of all their finances in one place, allowing them to easily connect their Erste or any other Romanian and Austrian bank accounts and view all their transactions.

In addition to retail solutions, Erste Group’s corporate clients will benefit from integrating Salt Edge’s solutions

This API provides a single, secure access point for managing finances across Erste Group and other banks in the CEE region. It supports both Account Information and Payment Initiation Services, allowing seamless integration into existing ERP systems or custom solutions, improving operational efficiency and financial oversight for corporate clients.

Tim Wanzeele, Product Owner Group Open Banking, Erste Group, said: “Our partnership with Salt Edge has enabled us to offer multi-banking services to both retail and corporate customers. The expertise in Open Banking and extensive PSD2 connectivity across the CEE region have empowered us to deliver secure and efficient access to account information and in initiating payments.”

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Erica Virlan, VP Sales, Salt Edge, added: “We are thrilled to be the preferred technology provider of account aggregation and payment initiation services for one of Eastern Europe’s largest financial institutions, serving nearly 16 million customers in the region. Together with Erste Group, we empower users with enhanced financial insights and control, driving the future of banking in the CEE region. We look forward to supporting Erste Group’s mission to provide superior financial management solutions.”