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Salt Edge launches API V6

Wednesday 17 July 2024 12:20 CET | News

Open Banking solutions provider Salt Edge has launched its 6th Open Banking Gateway API version.

 

This update follows the successful launch of API V5 in 2019. Packed with improvements across various product units and tools, this version is a direct outcome of listening to the clients and Salt Edge’s in-house knowledge and expertise. Through meticulous analysis of feedback and conducting numerous client interviews, Salt Edge has ensured that the new version of its API will deliver exactly what clients need.

Salt Edge has launched its 6th Open Banking Gateway API version.

Easier integration and a consistent environment

One significant improvement in this version is how quickly integrations happen. Thanks to the endpoints’ optimisation, integrating with Salt Edge’s API is now easier and faster. This means smoother interactions for developers and streamlined endpoint management and maintenance.

Another essential feature is that regardless of the license clients choose to use, the API environment remains consistent. The amendment facilitates smoother and swifter navigation through the documentation due to the revised sections’ content, along with a fresher look. Now, through the migration to API V6, the clients using the Salt Edge license will gain enhanced access and control, being provided with the same API rights as clients with their own licenses.

Real-time capabilities and comprehensive documentation

Due to a broader array of callbacks, the upgraded version facilitates real-time updates, notifications, and event triggers, rewarding all clients’ interactions with a more dynamic and responsive system. An increased selection of callbacks enables clients to gain enhanced capabilities to monitor changes and swiftly address issues, ensuring a more robust and interactive API environment.

API V6 also introduces its new changelog page in the API Documentation. This centralised resource is a go-to guide, providing concise summaries of updates, bug fixes, and new features.

A dedicated feedback form

Additionally, as part of the company’s commitment to enhancing its services, Salt Edge has taken a significant pace towards fostering closer collaboration with its valued clients. They’ve established a dedicated form to gather feedback and technical suggestions directly. This initiative is pivotal in facilitating a more agile and responsive product upgrade cycle. The input and insights will play a crucial role in shaping Salt Edge’s product, ensuring that it aligns precisely with evolving clients’ needs.

The Salt Edge client’s experience is bound to be enhanced yet further by even more updates. Here are some more refinements awaiting Salt Edge’s clients with the launch of the 6th version of the API:

  • A streamlined transaction handling that eliminates duplicated and pending transactions giving clients more control and a more accurate representation of the users’ data;

  • The ability to delete Connections for more flexibility in the day-to-day operations of clients using the Salt Edge license;

  • A new account status to provide even greater clarity and granularity regarding the user’s account for a better understanding of failures;

  • An extended consent validity period for European users of up to 180 days ensures that users have more time to manage their consents effectively, without frequent renewals;

  • Ensured field consistency by returning Account Information & Payments Initiation fields supported by banks;

  • A better connection status, thanks to the enhanced consent management update. Actions linked to the consent now directly impact the connection status;

  • More refresh capabilities allow for background refresh and remove unnecessary steps from manual refreshes.


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Keywords: API, Open Banking, product upgrade, digital banking
Categories: Banking & Fintech
Companies: Salt Edge
Countries: World
This article is part of category

Banking & Fintech

Salt Edge

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