Salt Bank has become Romania’s newest digital challenger with the launch of its app-based offering. The Bucharest-based challenger, which operates as a subsidiary of Banca Transilvania Financial Group, has debuted its retail banking services including 3% current accounts with digital wallet compatibility, mixed term deposits, a multicurrency card supporting 16 different currencies, and a savings account offering called Spaces.
According to the vendor’s earlier statements, the bank is leveraging the platform to onboard customers digitally, process payments, manage unsecured lending products, and monitor financial crime, as well as manage payment operations, loan servicing and collections.
