Following this partnership, Tuum’s core capabilities, alongside Salt Edge’s Open Banking Compliance solution, will support LHV Bank in delivering more secure and efficient services within the UK. The initiative aims to manage all core banking operations while ensuring compliance with stringent regulatory requirements.
In addition, the collaboration seeks to optimize how financial institutions in Europe access a range of Open Banking features quickly and securely. This includes enabling integration with an API-first and modular core banking platform, benefiting LHV Bank specifically by leveraging the expertise of both providers.
More details on the Salt Edge x Tuum x and LHV Bank partnership
According to the official press release, Salt Edge was chosen by LHV Bank as part of its existing collaboration with Tuum. The bank selected Salt Edge’s Open Banking Compliance product, designed to integrate seamlessly with their core banking system. This solution includes robust tools for TPP verification and compliance coverage, allowing LHV Bank to focus on developing optimized banking products.
Furthermore, Tuum was selected by LHV Bank to replace its core banking system. Integrating Salt Edge’s compliance capabilities with Tuum’s API-first approach will create a future-ready framework that enables rapid growth and confident scaling for LHV Bank. This partnership prioritizes meeting the evolving needs of clients and users while maintaining regulatory compliance.