Focusing on optimising and augmenting the customer experience, Multitude Bank intends to utilise Salt Edge’s Open Banking technology to improve repayment processes. By leveraging the Open Banking method, Pay-by-Link, customers are set to benefit from timely notifications about upcoming instalments, which in turn ensures a more convenient repayment process. In addition, Salt Edge’s Payment Initiation solution aims to enable Multitude Bank’s clients, who until now relied on traditional online banking, to make instant loan repayments, minimise transaction costs, and connect with over 2,300 banks across Europe.
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