Paynet and Salt Edge Join Forces to Boost Open Banking Compliance in Moldova

Paynet and Salt Edge Join Forces to Boost Open Banking Compliance in Moldova

Paynet, a key player in Moldova’s financial landscape, has announced a strategic alliance with Salt Edge, a leader in global open banking services. This partnership is designed to enhance compliance with Moldova’s Payment Services Directive 2 (PSD2) regulations, a crucial step for both companies in the evolving financial ecosystem.

Partnership Overview

The collaboration between Paynet and Salt Edge is set to streamline Paynet’s adherence to the recently established PSD2 regulations. This is particularly important as Paynet seeks to innovate and improve its payment services through advanced digital solutions.

About Paynet

Paynet is at the forefront of FinTech advancements in Moldova, providing a range of services designed for both personal and business financial management. Key offerings include:

  • Paynet Wallet: A versatile tool for managing finances.
  • Paynet Mastercard: Simplifies transactions like utility payments and money transfers.

About Salt Edge

Salt Edge specializes in open banking solutions, offering financial institutions globally the tools they need to meet regulatory compliance. Their services include:

  • Customer Consent Management: Ensures secure data sharing.
  • Report Generation: Simplifies compliance reporting.
  • Third-Party Provider Support: Facilitates integration with external service providers.

Benefits of the Partnership

This strategic partnership is significant for Paynet as it allows the company to:

  • Reduce Costs: Avoid the expense of developing in-house compliance capabilities.
  • Enhance Services: Leverage Salt Edge’s expertise to improve customer experiences.
  • Ensure Security: Provide a more secure financial service environment for users.

Future Implications

The collaboration between these two companies is anticipated to set new standards for regulatory compliance and innovation within the financial sector in Moldova. Both Paynet and Salt Edge are committed to delivering solutions that not only satisfy current regulatory requirements but also anticipate future market demands, fostering a more dynamic financial landscape in the region.

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Statements from Leadership

Calin Gryadchenko, CEO of Paynet, stated, “Working with Salt Edge to implement an open banking solution will enhance our customers’ experiences and solidify Paynet’s position as a leading FinTech company in Moldova.”

Dan Martalog, Senior Open Banking Solutions Expert at Salt Edge, added, “We’re excited to support Paynet in achieving open banking compliance efficiently while enabling the delivery of secure and reliable financial services.”

For more information about Paynet’s offerings, visit Paynet. To learn more about Salt Edge’s solutions, check out Salt Edge.

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