Shanghai Commercial Bank Chooses Salt Edge to Comply with Open Banking Requirements

Shanghai Commercial Bank (“ShaComBank”), an international bank based in Hong Kong offering banking and financial services worldwide, including the UK, has joined forces with Open Banking pioneer Salt Edge to leverage the power of PSD2 and create a bespoke bank. experience for their clients.

ShaComBank is one of the most prestigious local Chinese banks in Hong Kong. With a worldwide business network, the bank offers a wide range of end-to-end banking products and services to individuals and businesses in the UK, Mainland China, Hong Kong and Taiwan, designed and delivered under the motto “Personalised”. “. It is ShaComBank’s commitment to innovation and customer protection that drives them to trust Salt Edge with PSD2 compliance.

ShaComBank allows customers to securely connect their accounts to external applications with the Salt Edge Compliance Solution, allowing them to stay on top of their financial situation through their preferred channels, whether on the go or in the comfort of their homes, going beyond traditional banking.

We are delighted that Salt Edge is supporting us in realizing the PSD2 capabilities for our online banking, enhancing our personalized customer experience and driving business growth.

Jerome Guo, Executive Vice President and CEO, ShaComBank London “As part of the PSD2 compliance solution, Salt Edge offers APIs, a complete TPP developer portal, a TPP validation system, a client control panel, and periodic API updates that comply with any regulatory changes. Through the TPP verification system, only regulated institutions can access ShaComBank’s open banking channels, ensuring that the personal accounts of their customers are always protected, which is one of the bank’s top priorities.”

“Salt Edge is excited to help ShaComBank become PSD2 compliant and fully serve TPP. We are very pleased that ShaComBank has taken advantage of open banking by entrusting us with all technical and regulatory issues related to PSD2 compliance. Thanks to this, the bank allows its customers to manage their finances and make informed decisions when managing their accounts. — Andrei Scutari, Salt Edge Regional Manager