Raisin, a leading global platform for savings and investments, has partnered with Salt Edge, an open banking technology innovator, to enhance compliance with UK regulations and improve customer experience. This collaboration ensures secure, transparent, and streamlined financial solutions for Raisin’s UK platform.
Operating across the EU, UK, and US, Raisin connects retail clients with banks, offering competitive interest rates and a wide range of banking products. The platform also provides banks with access to stable, scalable retail funding solutions.
To strengthen transparency, security, and regulatory compliance, Raisin selected Salt Edge’s Open Banking Compliance solution. This strategic move enables Raisin to meet the Financial Conduct Authority (FCA) standards while enhancing data protection and user experience.
Alexa Lloyd-Owen, Head of Compliance UK at Raisin, stated:
“We’re excited to partner with Salt Edge to deliver secure, seamless, and compliant financial services to our UK customers. By leveraging Salt Edge’s advanced platform, we can drive innovation, improve customer value, and maintain the highest standards of open banking compliance.”
Beyond meeting compliance requirements, Raisin benefits from Salt Edge’s comprehensive open banking toolkit. This includes:
- A dedicated environment for Third-Party Providers (TPPs) to integrate seamlessly.
- First-line TPP support managed by Salt Edge.
- A client dashboard for performance monitoring.
- A robust TPP verification system to control and secure data access.
Dan Martalog, Senior Open Banking Solutions Expert at Salt Edge, commented:
“The evolving regulatory landscape poses challenges for businesses. We’re proud to support Raisin in achieving open banking compliance quickly and securely, enabling them to deliver exceptional financial services to customers while meeting strict regulatory standards.”
With this partnership, Raisin continues to break down financial barriers, driving growth and innovation while ensuring secure and compliant operations for its UK platform.
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