As it grows its European customer base, Tradu, a London-based multi-asset trading platform designed for active traders and investors, is looking to strengthen its security infrastructure. To ensure it is able to address issues like regulatory compliance, fraud prevention and user authentication, the firm has announced a new partnership with Salt Edge, the open banking solutions provider.
With a mission to make sophisticated trading simple and rewarding, Tradu provides access to thousands of tradable assets, including equities, commodities, forex, treasuries, and indices. A key part of delivering on that objective is full compliance with open banking regulations across the UK and EU markets. In light of PSD2 regulations, the new partnership with Salt Edge will enable Tradu to:
- Ensure full PSD2 alignment with minimal internal development effort
- Streamline user authentication using secure, SCA-ready flows
- Prevent fraud while maintaining a frictionless customer experience
- Access optional services like the MCI exemption and a custom TPP portal
In addition to compliance and authentication services, Tradu is now in the final stages of adopting Salt Edge’s Open Banking Gateway for Payment Initiation Services (PIS). This will allow Tradu users to top up accounts directly from their bank accounts in both the UK and EU, delivering a fast, secure, low-friction funding experience.
As Tradu prepares to expand its wallet services across Europe, the partnership will support connections to over 500 financial institutions across more than 20 countries, simplifying both integration and compliance efforts.
Enhancing trust and creating a protected financial experience
Tomasz Stupnicki, product director and founding employee, at Tradu, said: “Security and compliance are at the core of our financial services. Our collaboration with Salt Edge enhances user trust, ensuring a seamless and protected financial experience.”
“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. 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.” commented Dan Martalog, senior open banking solutions expert at Salt Edge.
Source: https://thefintechtimes.com/
