03/10/2022 14.13

Saldo plugs into Inventi

In keeping with its innovative and technologically advanced approach, Saldo Finance will use Inventi’s SEPA CT and SEPA Instant CT Connectors for SEPA payment processing, STI Connector for regulatory reporting to the Lithuanian State Tax Authority and PLAIS Connector to integrate with the Lithuanian Center of Registers.

The STI and PLAIS Connectors will automate reporting procedures, account locking, authorisation holds, amount transfers (write-offs) and hold cancellation requests, while the SEPA Connector provides seamless SEPA access via the CENTROLink platform.

Access to SEPA payment processing will improve Saldo’s existing operations, and makes room for the introduction of new financial services.

Saldo is currently powered by Mambu’s cloud banking platform, which means the fintech company can use Inventi Connector products that are available as ‘off-the-shelf’ plugins.

Saldo’s Executive suite recognises that employing Inventi’s expertise and efficient products rather than developing them in-house frees up internal resources to focus on maintaining growth momentum, and continuing to develop and expand its unique product portfolio.

Saldo in brief

Saldo Finance Plc is a Finnish financial services company and a leading provider of fully automated credit solutions in Finland. Saldo offers flexible loans and car financing for both consumers and businesses. The company's advanced scoring system ensures responsible lending, and its own lending system supports business growth also internationally.