Salt Bank has launched less than a year after the project was kicked off. Salt Bank is the first neobank using Engine by Starling’s core banking system outside of the vendor’s parent company, Starling Bank. It was implemented in partnership between GFT, Salt Bank and Engine by Starling.
This continues a trend GFT sees in financial services and beyond. Organisations are reinventing their technology capabilities, adopting a ‘platform of platforms’ approach. This involves consuming ready-made capabilities from the wider industry.
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GFT was engaged to provide overall design and integration services, relying on their deep expertise. The company specialises in launching banks on next-generation technologies.
GFT developed onboarding capabilities as well as the technology model for Salt Bank
This will allow Salt to manage its ecosystem of services providers as its success grows.
Carlton Hopper, Engine by Starling Executive Sponsor and UK Managing Director at GFT, said: “The launch of Salt Bank showcases our global leadership in digital banking on modern platforms. This is the latest of many modern banking platforms we have launched worldwide in the last two years. We delivered an integrated, tailored, robust and secure banking platform for Salt. And as the first to deploy Engine’s flexible platform, the programme sets a new standard. It incorporates all the innovation from Starling, enhancing efficiency in the industry.”
Gabriela Nistor, CEO of Salt Bank, commented: “Our collaboration with GFT has set a new benchmark for digital banking. Salt’s rapid onboarding and advanced features reflect our commitment to providing seamless, cutting-edge financial services to our customers. GFT’s dedicated team of specialists have excelled in delivering our new bank within a very challenging timeframe.”
Salt has also offered advanced features, such as multi-currency accounts and cards from the outset. GFT’s focus on customer centricity ensured that Salt Bank’s services enhance the overall banking experience. To that end, they are tailored to the local customers’ habits and needs.
