Composable Digital Banking with Open Banking Connectivity
Velmie and Sumsub partner to provide a unified solution where modular digital banking capability and full-cycle compliance work together to help banks and neobanks launch, scale, and operate financial products globally faster and with confidence.
Together, Velmie and Salt Edge provide an end-to-end digital banking stack connecting banking products, customer journeys, and open banking infrastructure.
Velmie delivers
✓ Modular digital banking platform
✓ Accounts, payments, cards, wallets, and customer channels
✓ White-label web and mobile applications
✓ API orchestration and partner ecosystem integrations
Salt Edge provides
✓ Open banking data aggregation
✓ Account-to-account payment initiation
✓ Open banking compliance infrastructure
✓ Financial data enrichment and insights
The combined solution enables financial institutions to launch and scale innovative banking products with reliable access to financial data and payment capabilities.
Explore the Case Study
Discover how Allpay transformed its payment solutions with Velmie’s innovative technology.
Key Capabilities
Open banking data aggregation
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Unified access to financial data from thousands of banks
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Support for multiple account types including savings, loans, credit, and investments
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Pre-integrated connection widget for seamless user experience
Salt Edge aggregates financial data and transforms it into standardized, easy-to-use formats that support digital product innovation.
Pay-by-bank & payment initiation
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Direct bank payments via open banking
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One-time, scheduled, and bulk payment support
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Secure authentication flows
Payment initiation enables faster and more secure account-to-account payments while reducing dependency on card networks.
Open banking compliance & security
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PSD2 and open banking compliance infrastructure
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TPP verification to protect customer data access
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Strong Customer Authentication support
Salt Edge is ISO 27001 certified and provides high-level security controls for safe financial data connectivity.
Digital banking product enablement
Velmie enables financial institutions to launch and manage:
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Multi-currency accounts
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Payment and transfer services
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Card issuing and management
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Wallets and customer engagement tools
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Web and mobile digital banking applications
Velmie’s open API architecture enables fast integration with partner services and fintech infrastructure, supporting rapid deployment and scalability.
Business Benefits
✓ Faster time-to-market for digital banking solutions
✓ Enhanced customer experience through unified financial data
✓ Lower payment processing costs through account-to-account payments
✓ Built-in regulatory readiness for open banking requirements
✓ Scalable infrastructure supporting global expansion