Press Release

XPAY selects Finastra to support expansion of services and rapid growth plans

Finastra’s Fusion Essence, pre-integrated with Salt Edge’s Open Banking Compliance, and financial services ecosystem will enable ongoing innovation

London, UK – January 26, 2022 - Finastra today announced that XPAY, an embedded finance provider offering branded Mastercard® card programs with loyalty components, has selected Finastra, a global provider of financial software applications and marketplaces, to support its ambitious growth plans. Finastra’s Fusion Essence will come pre-integrated with its payments gateways and Open Banking Compliance from Salt Edge, a global Open Banking pioneer. The combined offering and access to, powered by Microsoft Azure, enables XPAY to deliver differentiated end-user experiences and rapidly introduce new services as it grows.

“Our business evolves quickly,” said Michael Schott, CEO at XPAY Financial Services UAB. “As we regularly launch new features and card programs, we needed a partner who can match our speed of innovation. With Finastra’s SaaS solution, we can streamline our operations and quickly expand thanks to its comprehensive banking and payments functionality, open APIs and microservices architecture. Crucially, its financial services ecosystem enables us to implement new capabilities, such as Salt Edge’s Open Banking Compliance, seamlessly, at speed and when we need them.”

Fusion Essence is a next-generation digital banking solution which combines sophisticated functionality and advanced technology to increase enterprise agility, reduce costs and improve operational efficiency. Its open architecture and integration with enables financial institutions to incrementally add value-added services. Finastra’s Fusion Total Messaging solution offers secure SEPA payments that are screened against sanction lists and scrutinized by artificial intelligence, powered by NetGuardians, to provide real-time fraud detection. Salt Edge’s Open Banking Compliance provides full coverage of regulated markets with cross-bank and pan-European API standards, including The Berlin Group in the EU.

“XPAY is a fast-growing fintech that also shares our passion for open and embedded finance,” said Siobhan Byron, EVP Universal Banking at Finastra. “Our digital banking solution is designed with powerful built-in analytics and supports hyper-personalized customer journeys, enabling the company to increase customer loyalty for brands through its leading Cards as a Service solutions. Backed by the power of collaboration and our open platform, we are excited to support XPAY as it continues to reach more customers.”

“Integrating our solution with Fusion Essence provides XPAY with a fast and seamless way to comply with Open Banking on top of its digital banking functionality,” said Alina Beleuta, Chief Growth Officer at Salt Edge. “Our comprehensive suite of APIs provides services such as payment initiation, third party access validation, and strong customer authentication (SCA) compliance, for enhanced payment services and added security to protect XPAY and its customers.”

For more information about Fusion Essence, click here and for Fusion Total Messaging, click here. For more information about Open Banking Compliance, click here.


For further information please contact:

Sofia Romano
Senior PR Manager, EMEA
T: 07552865009

About XPAY

XPAY is a provider of innovative embedded finance solutions, developing branded Mastercard® card programs with integrated loyalty components for its brand partners. In combination with exclusive and individualized benefits, XPAY thus makes brand experiences available to consumers in completely new areas of their lives. The FinTech startup with headquarters in Munich and locations in Amsterdam, Bucharest, Vienna and Vilnius was founded in May 2016 and currently has over 85 team members. For more information:

About Finastra

Finastra is a global provider of financial software applications and marketplaces, and launched the leading open platform for innovation,, in 2017. It serves institutions of all sizes, providing award-winning software solutions and services across Lending, Payments, Treasury & Capital Markets and Universal Banking (Retail, Digital and Commercial Banking) for banks to support direct banking relationships and grow through indirect channels, such as embedded finance and Banking as a Service. Its pioneering approach and commitment to open finance and collaboration is why it is trusted by ~8,600 institutions, including 90 of the world’s top 100 banks. For more information, visit

About Salt Edge

Salt Edge is a leader in Open Banking, building API solutions that empower businesses in GCC and globally to create smart services for their customers. The company is a one-stop shop with a range of Open Banking solutions: a gateway for accessing 5,000+ banks globally for account information and payment initiation, and Open Banking Compliance solutions that help KSA banks become compliant in 3 months only. ISO 27001 certified and Open Banking licensed in the UK, the company employs the highest international security measures to ensure stable and reliable connections between financial institutions and their customers. The company offers its services in Europe, GCC, Americas, and beyond. Visit:

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