Erste Group has partnered with Open Banking solutions provider Salt Edge to provide multi-banking services for its retail and corporate customers in Central and Eastern Europe (CEE).

The partnership will allow users to connect third-party bank accounts with Erste Group’s retail banking app George, a service which is already available to customers in Austria and Romania.

The feature provides users with a comprehensive view of all their finances in one place, allowing them to connect their Erste or any other Romanian and Austrian bank accounts and view all their transactions.

Erste Group is one of the largest financial services providers in Central and Eastern Europe. It currently has 1,911 branches across seven countries.

Salt Edge said the main advantage of multi-banking is that it allows users to see their complete financial picture, leading to a better understanding of their finances.

Erste Group said its corporate clients will benefit from integrating Salt Edge’s solutions via their premium ErsteConnect API, which provides a single access point for managing finances across Erste Group and other banks in the CEE region.

Erste Group claims the service will “significantly” improve operational efficiency and financial oversight for corporate clients.

“Our partnership with Salt Edge has enabled us to offer multi-banking services to both retail and corporate customers,” said Tim Wanzeele, product owner group open banking at Erste Group. “The expertise in Open Banking and extensive PSD2 connectivity across the CEE region have empowered us to deliver secure and efficient access to account information and in initiating payments.”

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