IPF Digital, Salt Edge, and Mambu supporting financial inclusion
23:59
IPF Digital, the Estonian EMI and lender providing services globally, joined forces with Mambu, a leader in composable banking, and Salt Edge, a pioneer in developing open banking solutions, to become PSD2 compliant and contribute to a greater financial inclusion on the European market.
PSD2 directive has shaken the regulatory landscape all over Europe, boosting financial inclusion for the underserved users lacking access to financial services. Various researches show that there are over 40 million EU adults not having access to reasonable financial services, with approximately 10 percent of the European households being over-indebted. Things have started moving in a better direction starting with 2019 when PSD2 came into effect, and responsible fintech companies approached the issue wisely and started building financial services around the open banking APIs. This is also the case of IPF Digital, part of International Personal Finance PLC, who recently got licensed as an EMI and chose Mambu for core banking services and Salt Edge to help them become PSD2 compliant.
“We are glad to build new services and provide them to people who don’t have easy access to financial services in their countries. In this pursuit, we needed a partner with a high level of expertise in PSD2 compliance and, thanks to Mambu, we found Salt Edge. Integrating its PSD2 Compliance Solution was an easy and well-organized process. This partnership contributes to sustainable development on the part of financial inclusion by serving the underserved. It is breaking the market and the information barriers,” Mihkel Karu, Business Development, Board Member at IPF Digital, said.
“Understanding the potential customers’ needs and approaching them with the latest technology is what we appreciate in every partnership that Salt Edge enters in. We are always happy to help Mambu clients become compliant in no time. Enabling PSD2 compliance for IPF Digital is directly contributing to enlarging financial inclusion and opening additional financial services to the formerly underserved categories. It is an honor for Salt Edge to be part of this and leave our footprint on the way to sustainable development,” Lisa Gutu, Head of Business Development at Salt Edge, added.
(WBJ)
