Simplifi-HQ, an online accounting service provider from New Zealand has chosen Salt Edge, a leader in offering open
banking solutions, to speed-up and digitise its software package by accessing financial data of their clients directly
from the bank.
Simplifi-HQ is an advanced cloud accounting software that covers accountancy, tax, invoicing, reporting and payroll
features in one easy-to-use solution that is fully focused on helping freelancers, contractors, and small businesses.
Partnering up with Salt Edge allows Simplifi to get easy and fast access to the open banking ecosystem in the UK and
Europe, while also enjoying worldwide financial institution coverage.
During recent years, open banking has been making impressive progress globally and is starting to tell a much broader
digital transformation story. This partnership is important in helping to accelerate the open banking journey especially
for SMEs in Europe and beyond.
"We have chosen Salt Edge because of their worldwide financial institutions coverage, easy access to the full power of
open banking in the UK and Europe, and a well-documented and solid API. Salt Edge’s desire to work with us and open up
more bank feeds in countries where we do not have service currently, will create more opportunities for Simplifi-HQ,"
said Greg Hanton, Founder at Simplifi-HQ.
Salt Edge data aggregation allows Simplifi-HQ to skip many steps like bank integration, monitoring of APIs,
normalisation of data format, and start using bank data almost instantly. Now the company can experience the full power
of open banking in their software because all the technical, security, and compliance matters related to PSD2 and bank
connectivity are handled by Salt Edge. Via Data Enrichment solution, Simplifi-HQ obtains the bank transactions of their clients in a categorized and well-structured format that is a true
time and money saver.
"At Salt Edge we aim to transform the traditional interaction between financial institutions and fintechs in the open
banking framework. The potential of such transformation is enormous and we are thrilled to bring another partnership to
the fruitful open banking ground. Combining cutting-edge technologies from Simplifi-HQ with open banking solutions
offered by Salt Edge creates a powerful digital concentrate that supports small businesses and eventually the whole
local financial market in various countries," said Vasile Valcov, VP at Salt Edge.
Discover the full Salt Edge coverage to find out if our services are available in your country.