The collaboration will streamline operations with tailored fintech solutions for financial institutions. Credit: Mdisk/Shutterstock.

Software development company Innovance Technologies has partnered with financial API platform Salt Edge to enhance open banking solutions in the EMEA region.

This collaboration is set to streamline operations for financial institutions by offering a full stack of fintech solutions tailored to their unique needs.

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Financial institutions across the EMEA region, including digital wallets, lenders, and both digital and traditional banks, are expected to benefit from this collaboration.

Innovance Technologies global sales and partnership director Togay Çınlarses said: “This collaboration combines Innovance’s experience in financial technology solutions with Salt Edge’s expertise in open banking and secure data aggregation.

“Together, we aim to deliver unparalleled value to our clients by enhancing their financial experiences and driving innovation in the fintech industry.”

The partnership aims to facilitate Open Banking Compliance with minimal resources while ensuring security throughout the process.

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Clients of Innovance will gain instant access to account data through a unique gateway, enabling more informed financial decisions.

Salt Edge partners ecosystem head Iulian Mitrea said: “We are delighted to partner with Innovance Technologies to support the extension of open banking solutions to more institutions.

“This alliance will create new opportunities for businesses to expand and develop innovative solutions that are efficient and adhere to the highest security and compliance standards while keeping a competitive edge and fostering industry innovation.”

Innovance Technologies serves a diverse range of clients, from fintech startups to established financial institutions.

Salt Edge, an ISO 27001 certified and PSD2 AISP licensed company, provides financial API platforms and open banking solutions that adhere to the international security standards.

Last month, Eastern Europe’s Erste Group partnered with Salt Edge to enhance multi-banking features for retail and corporate customers via the George app and ErsteConnect API.