Open banking enabler Salt Edge and Tuum have been selected by LHV Bank to support their endeavors.
Tuum partnered with Salt Edge in 2022 as part of an effort to expand services across Europe. Tuum is a cloud-based, banking-as-a-service platform that offers core banking while supporting digital features.
LHV Bank operates in the UK and Europe, seeking to combine modern banking services with expertise in digital financial offerings.
“We’re happy to support LHV Bank with our comprehensive Open Banking Compliance solution, helping them meet the UK regulatory requirements, stay ahead of the curve and minimise the technical burdens,” said Andrei Scutari, Open Banking Head of Sales and Country Manager.
LHV Bank provides banking services, including payments, lending, and more. The bank targets both consumers and businesses.
A subsidiary of LHV Group, based in Estonia, the company operates in the banking, asset management, and insurance markets across the EU and UK, employing over 1,000 professionals and managing over £10 billion of financial assets. LHV Group is publicly traded on Nasdaq Baltic (LHV1T).