Fiskl, a UK-based software as a service company, joined hands with Salt Edge, a leader in offering open banking solutions, to deliver a seamless financial control experience to millions of small businesses globally.

Open banking genuinely transforms the way businesses manage their money. Fiskl is a software technology company which created an intelligent financial manager that helps micro-businesses manage their day to day business finances without the help of an in-house accountant. Driven by Salt Edge’s open banking and data enrichment solutions, Fiskl supports businesses globally with an automated solution packed with key tools to help manage their finances.

Fiskl integrates with Salt Edge to utilise advanced data aggregation capabilities and eliminate the need for manual data entry. Salt Edge solution tackles the pain point of financial paperwork by providing automated bank statement capture directly in Fiskl, thus enabling Fiskl to automatically reconcile revenue and expenses for its customers. Fiskl now gets instant access to categorised data from US and EU banks via the open banking channels. Salt Edge services enables Fiskl to skip the need to integrate with multiple banks and be able to expand its coverage by connecting to over 5000 financial institutions across the globe.

Jason O’Shaughnessy, Senior Vice President of Sales at Salt Edge: “We believe that SMEs represent the fuel for worldwide economics and it’s exciting to collaborate with a company like Fiskl which aims to create accessible solutions to more than 350 million small businesses globally. At a time when SMEs need assistance, Salt Edge is happy to help Fiskl support SMEs digitising their businesses effortlessly and discovering a broad range of open banking benefits for growth, innovation, and diversity”.

Alina Lapusneanu, Chief Executive Officer at Fiskl : “For Fiskl to better serve a global customer base, we need to work with global partners that help us compete in the market more effectively, enable us to achieve development efficiencies, and have a nimble and accelerated roadmap. As Fiskl is present in 120 countries, market coverage was one of the critical factors in our selection of Salt Edge as our data aggregation partner. The rapid additions of banks in new countries will enable Fiskl to reach deeper into those markets and to better serve local customers”.

 

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