Comert bank Partners with Salt Edge to Embrace Open Banking in Moldova
Comertbank Takes a Bold Step
Comertbank, a prominent financial institution in Moldova, is set to transform its services by partnering with Salt Edge, a leader in open banking solutions. This collaboration is a strategic move to ensure compliance with Moldova’s new PSD2 regulations, following Europe’s lead in adopting open banking standards.
Moldova’s Financial Revolution
The Republic of Moldova is making impressive strides toward creating a more inclusive and transparent financial environment. By integrating the European PSD2 directive into its legal framework, the National Bank of Moldova (NBM) is fostering a competitive and innovative digital financial ecosystem. This regulatory shift aims to balance the need for innovation with the protection of customer interests, a crucial aspect of Moldova’s financial evolution.
Salt Edge Guides Compliance
In this rapidly changing landscape, financial institutions across Moldova are recognizing the significance of adhering to robust digital and regulatory standards. Salt Edge, renowned for its expertise in open banking solutions, is at the forefront of this movement. The company’s comprehensive Open Banking Compliance Solution will assist Comertbank in meeting the PSD2 requirements efficiently and effectively.
Comertbank’s Commitment to Innovation
With over 30 years of service, Comertbank has established itself as a trusted partner for individuals and businesses in Moldova. The bank’s mission is to enhance its online services and offer cutting-edge digital solutions. By collaborating with Salt Edge, Comertbank aims to provide its customers with an innovative banking experience, reflecting its commitment to both security and satisfaction.
Elena Cusnir, Deputy Chairwoman of the Managing Board at Comertbank, emphasizes the bank’s dedication to integrating modern technology. “We are committed to providing our customers with an innovative and value-added banking experience. Embracing open banking aligns our services with EU standards and meets the evolving needs of our customers,” she states.
Empowering Customers with Advanced Solutions
Salt Edge’s full-stack Open Banking Compliance Solution will enable Comertbank to offer a superior open banking experience. Customers will benefit from enhanced access to their financial transactions through regulated applications, accompanied by a detailed dashboard. This advancement not only meets local PSD2 requirements but also empowers customers with greater control over their finances.
Dan Martalog, Senior Open Banking Solutions Expert at Salt Edge, highlights the importance of this partnership. “We’re honored that Comertbank has chosen Salt Edge to navigate the complexities of PSD2 compliance. This collaboration marks a significant step toward advancing Moldova’s financial sector and providing customers with advanced fintech solutions,” he notes.
Conclusion
By partnering with Salt Edge, Comertbank is setting a new standard in Moldova’s financial sector. This move signifies a significant shift towards open banking, enhancing the bank’s ability to meet regulatory requirements while offering innovative and customer-centric financial solutions.