British payment and digital banking technology venture Pannovate has partnered up with Salt Edge, the customer authentication company, to provide clients with a smooth way of launching regulatory compliant banking and payment services.
Pannovate has already established itself as a provider of “Bankments-as-a-Service” solutions, but with the Salt Edge partnership Pannovate believes it be better able to provide a service that is compliant with the EU’s second Payment Services Directive (PSD2), including the strong customer authentication (SCA) rules that are being rolled out across Europe and the UK.
Salt Edge released a SCA compliant tool in October 2019.
“I am delighted to be partnering with Salt Edge,” said Pavle Ljujic, CEO and founder at Pannovate. “This strategic collaboration provides a game changing offering for a highly competitive and regulated space. Salt Edge’s best in class open banking solution mixed with the flexible and customisable front end of Launchpad makes a compelling product that I think will resonate well with clients and lead to a very successful partnership.”
Lisa Gutu, head of business development at Salt Edge, added, “Salt Edge resonates with Pannovate’s vision to create exceptional digital experiences that make life easy for businesses and their customers. With this partnership, more companies will receive end-to-end payments solutions that are both PSD2, SCA compliant and with innovative digital capabilities.
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