London-based trading platform Tradu has formed a partnership with Salt Edge, a provider of open banking solutions. The collaboration aims to support Tradu’s security infrastructure, ensure PSD2 compliance, and improve the user experience for its European customers.

According to the firms, retail traders using Tradu will experience improved security and more efficient authentication processes. The partnership is expected to reduce delays and issues related to account funding and trading activities by addressing compliance and fraud prevention.

Tradu Uses Salt Edge for Compliance

Dan Martalog, Senior Open Banking Solutions Expert at Salt Edge
Dan Martalog, Senior Open Banking Solutions Expert at Salt Edge, Source: LinkedIn

“Secure and compliant access to financial data is no longer optional; it’s essential. Collaborations like the one between Salt Edge and Tradu are crucial for enabling innovative platforms to scale confidently while meeting strict PSD2 requirements,” Dan Martalog, Senior Open Banking Solutions Expert at Salt Edge commented.

Tradu offers access to various assets, including equities, commodities, forex, treasuries, and indices. Compliance with open banking regulations in the UK and EU is a key requirement for the platform.

Salt Edge provides a full-stack open banking compliance solution. This enables Tradu to meet PSD2 requirements with minimal internal development. The solution also supports secure user authentication with strong customer authentication flows and helps prevent fraud while maintaining ease of use.

Additional features include optional services such as the MCI exemption and a customizable third-party provider portal.

“By providing seamless SCA and compliance tools, we’re helping Tradu focus on what matters most: delivering a trustworthy and efficient trading experience to its users,” Martalog added.

You may find it interesting at FinanceMagnates.com: Tradu Partners with Data Intellect for Platform Launch After TradingView Deal.

Salt Edge Enables Direct Account Funding

Tradu is also finalizing the integration of Salt Edge’s Open Banking Gateway for Payment Initiation Services. This will allow users to fund their accounts directly from bank accounts in the UK and EU, offering a faster and more secure deposit process.

As Tradu plans to expand wallet services across Europe, the partnership will support connections to over 500 financial institutions in more than 20 countries. This is expected to simplify integration and compliance tasks.

Source: Finance Magnates