sync has partnered with Salt Edge to significantly boost its open banking offer and enable users to link their bank accounts from a wide number of new countries, including Australia, South Africa, and Hong Kong.
With open banking gaining more and more popularity, consumers are getting the taste of better control of personal finances and associated personal data. Recent surveys show that pandemic has shifted the way people approach data privacy and control, which is enforced by the expansion of the services underpinned by APIs. Consumers are not asking for open banking specifically. They are asking for control, safety, and convenience.
sync. uses open banking channels and allows consumers to connect their existing bank accounts and credit cards alongside their sync. current account directly in the app, making it easier to effectively manage money and budget. Throughout its development, the company behind the app found it critical to offer as wide a coverage of open banking-based services as possible, beyond Europe. And since Salt Edge has the fastest-growing and broad global connectivity, sync.’s choice was obvious, and achieving its goals meant leveraging Salt Edge’s global data aggregation solution.
Ricky Lee, CEO and Co-Founder of sync., said:
“Partnering with Salt Edge helps us achieve our vision of leading the way in open banking and providing real benefits to our users. We were obviously aware of SaltEdge as one of the leading open banking aggregators in the world and it was clear that the breadth of connections they had developed meant they were a clear market leader.”
End-users may not really care about the name of the technology backing-up the services they’re using. What they do care about is the safety of their data, the commodity of having it all aggregated in one single app, and the coverage they get, by connecting as many banks as possible, from as many locations as possible. We are thrilled to be able to work with sync.money on achieving that and ensuring that their users get truly the best out of open banking while staying secure.
