Becoming CDR compliant is easy with Salt Edge

SaaS solution with all Australian CDR requirements covered, offering a cost-effective and technically scalable approach to compliance.

About Salt Edge

Open banking pioneer

Salt Edge is a one-stop shop for open banking. The company enables banks and other financial institutions to become compliant with CDR in Australia, PSD2 in Europe, the UK’s Open Banking requirements in the shortest time, and also helps them go beyond compliance - by seamlessly connecting to 5000+ banks globally.

  • Over 8 years of experience in helping financial institutions to succeed in their open banking strategy
  • Proven open banking experience with over 100 API implementations launched across the globe
  • Highly secure technology that is ISO 27001 certified and PCI DSS compliant

They trust us

CDR timelines

Are you CDR compliant?

July 2021

November 2021

February 2022

Deadline for non-major Data Holders to provide account and transaction data on savings, current, debit card, transaction accounts, others.

Deadline for all Data Holders, including the exempted ones, to open data on home loans, mortgage accounts, personal loan accounts, more.

Full transfer of available data for consumers. Deadline for non-major Data Holders to provide account and transaction data on all accounts.

CDR Compliance Solution

Full-stack toolkit for seamless compliance experience

Off-the-shelf compliance toolkit for Data Holders - a SaaS solution with all CDR requirements covered, offering a cost-effective, fast implementation, and technically scalable approach to compliance.

The flexible SaaS implementation ensures that the solution is easily updated according to the ongoing changes to CDR requirements.

Salt Edge handles all system’s monitoring, maintenance, and updates, offering the highest API availability, first-line support and minimum tech implication from the Data Holder side.

Benefits

A cost-effective and technically
scalable approach to compliance

Full CDR regulatory
coverage

All requirements around secure APIs for both products and consumer data sharing, customer consent are fully covered.

Fast go to market

The SaaS off-the-shelf solution is easy to integrate, with short go-to-market time and minimal technical implication from a Data Holder.

Data residency and
sovereignty

Compliance with the relevant Privacy Safeguards. The data is safely stored in Australian data centers.

Payment initiation
readiness


The payment initiation functionality can be easily added to the CDR Compliance Solution to offer consumers a new payment experience.

Solution tested
by the market


An ever-expanding number of financial institutions have entrusted Salt Edge to deliver over 100 API implementations globally.

Highly secure and stable
technology


Salt Edge is ISO 27001 certified and backed by almost 10 years of experience in the fintech industry.

Data Holder dashboard

Full control over the CDR APIs’
performance

Created especially for financial institutions’ convenience, the comprehensive dashboard provides Data Holders full visibility and control over data shared via the CDR channels.

The Data Holder dashboard allows you to:

  • Monitor the interaction between consumers and Accredited Data Recipients (ADRs)
  • Manage ADRs’ access, including revoking it when necessary
  • View API statistics, both availability and performance at-a-glance
  • Ticketing system

Consent management

Build consumer trust with
Consent Management

The consent management system enables Data Holders to be in full control of all consents granted by end-consumer to ADRs. Salt Edge’s CDR Compliance Solution delivers a unified and real-time exchange of the end-consumer’s consents between the Bank and an ADR.

Salt Edge provides a Consent Management API, enabling Data Holders to develop the Consumer Dashboard in the bank‘s online banking interface.

CDR register dedicated API

Seamless communication with CDR Register

To launch the CDR Compliance Solution and expose the APIs for ADRs, Salt Edge platform interacts with the CDR Register’s API endpoints for the purpose of ADRs’ verification, and providing the API metrics.

CDR register dedicated API consists of the following modules:

  • ADR Verification API
  • Admin API for metrics reporting
  • MetaData cache management

As part of the verification system, CDR Compliance Solution verifies the validity of ADRs and associated Software Product few minutes. 

ADR developer portal

Full-service environment for ADRs

The developer portal allows ADRs to interact with Data Holder’s channels seamlessly. The solution is supported by Salt Edge and includes a sandbox for testing, detailed documentation for fast ADR integration, dynamic ADR registration, first-line support, and others.

All technical communication with the ADRs is handled by Salt Edge, the involvement on the Data Holder’s side being reduced to minimum.

Conformance testing

Assisting you on the journey of becoming an active Data Holder

The Conformance Test Suite is an important part of the CDR on-boarding process. It allows Data Holders to test their CDR compliance with the Consumer Data Standards and Consumer Data Right Register design. Salt Edge can assist on your journey of becoming an active Data Holder, upon demand.

  • Assisting with 7 key Conformance Test Suite tests available for Data Holders
  • Filling in the CTS enrolment form
  • Collecting test evidence to meet ACCC requirements

Become an active Data Holder with Salt Edge

We’d love to help you start exceeding your CDR compliance goals in the shortest time and with minimum resources.

CDR Compliance Solution

Becoming CDR compliant is easy
with Salt Edge

SaaS solution with all Australian CDR requirements covered, offering a cost-effective and technically scalable approach to compliance.

About Salt Edge

Open banking pioneer

Salt Edge is a one-stop shop for open banking. The company enables banks and other financial institutions to become compliant with CDR in Australia, PSD2 in Europe, the UK’s Open Banking requirements in the shortest time, and also helps them go beyond compliance - by seamlessly connecting to 5000+ banks globally.

  • Over 8 years of experience in helping financial institutions to succeed in their open banking strategy
  • Proven open banking experience with over 100 API implementations launched across the globe
  • Highly secure technology that is ISO 27001 certified and PCI DSS compliant

They trust us

CDR timelines

Are you CDR compliant?

July 2021

Deadline for non-major Data Holders to provide account and transaction data on savings, current, debit card, transaction accounts, others.

November 2021

Deadline for all Data Holders, including the exempted ones, to open data on home loans, mortgage accounts, personal loan accounts, more.

February 2022

Full transfer of available data for consumers. Deadline for non-major Data Holders to provide account and transaction data on all accounts.

CDR Compliance Solution

Full-stack toolkit for seamless compliance experience

Off-the-shelf compliance toolkit for Data Holders - a SaaS solution with all CDR requirements covered, offering a cost-effective, fast implementation, and technically scalable approach to compliance.

The flexible SaaS implementation ensures that the solution is easily updated according to the ongoing changes to CDR requirements.

Salt Edge handles all system’s monitoring, maintenance, and updates, offering the highest API availability, first-line support and minimum tech implication from the Data Holder side.

Benefits

A cost-effective and technically scalable approach to compliance

Full CDR regulatory coverage

All requirements around secure APIs for both products and consumer data sharing, customer consent are fully covered.

Fast go to market

The SaaS off-the-shelf solution is easy to integrate, with short go-to-market time and minimal technical implication from a Data Holder.

Data residency and sovereignty

Compliance with the relevant Privacy Safeguards. The data is safely stored in Australian data centers.

Payment initiation readiness

The payment initiation functionality can be easily added to the CDR Compliance Solution to offer consumers a new payment experience.

Solution tested by the market

An ever-expanding number of financial institutions have entrusted Salt Edge to deliver over 100 API implementations globally.

Highly secure and stable technology

Salt Edge is ISO 27001 certified and backed by almost 10 years of experience in the fintech industry.

Data Holder dashboard

Full control over the CDR APIs’ performance

Created especially for financial institutions’ convenience, the comprehensive dashboard provides Data Holders full visibility and control over data shared via the CDR channels.

The Data Holder dashboard allows you to:

  • Monitor the interaction between consumers and Accredited Data Recipients (ADRs)
  • Manage ADRs’ access, including revoking it when necessary
  • View API statistics, both availability and performance at-a-glance
  • Ticketing system

Consent management

Build consumer trust with Consent Management

The consent management system enables Data Holders to be in full control of all consents granted by end-consumer to ADRs. Salt Edge’s CDR Compliance Solution delivers a unified and real-time exchange of the end-consumer’s consents between the Bank and an ADR.

Salt Edge provides a Consent Management API, enabling Data Holders to develop the Consumer Dashboard in the bank‘s online banking interface.

CDR register dedicated API

Seamless communication with CDR Register

To launch the CDR Compliance Solution and expose the APIs for ADRs, Salt Edge platform interacts with the CDR Register’s API endpoints for the purpose of ADRs’ verification, and providing the API metrics.

CDR register dedicated API consists of the following modules:

  • ADR Verification API
  • Admin API for metrics reporting
  • MetaData cache management

As part of the verification system, CDR Compliance Solution verifies the validity of ADRs and associated Software Product few minutes. 

ADR developer portal

Full-service environment for ADRs

The developer portal allows ADRs to interact with Data Holder’s channels seamlessly. The solution is supported by Salt Edge and includes a sandbox for testing, detailed documentation for fast ADR integration, dynamic ADR registration, first-line support, and others.

All technical communication with the ADRs is handled by Salt Edge, the involvement on the Data Holder’s side being reduced to minimum.

Conformance testing

Assisting you on the journey of becoming an active Data Holder

The Conformance Test Suite is an important part of the CDR on-boarding process. It allows Data Holders to test their CDR compliance with the Consumer Data Standards and Consumer Data Right Register design. Salt Edge can assist on your journey of becoming an active Data Holder, upon demand.

  • Assisting with 7 key Conformance Test Suite tests available for Data Holders
  • Filling in the CTS enrolment form
  • Collecting test evidence to meet ACCC requirements

Become active
Data Holder with
Salt Edge

We’d love to help you start exceeding your CDR compliance goals in the shortest time and with minimum resources.

Open banking for every business

© 2021, Salt Edge Inc. All rights reserved

Salt Edge Limited, registered in England and Wales (#11178811) and authorized by the FCA (#822499), is a subsidiary of Salt Edge Inc.

All logos, trademarks, brand names, service marks, trade names, trade dress or company names used on this website that are not owned by Salt Edge Inc. or its respective affiliates and licensors are the property of their respective owners and are used for identification purposes only. Such use or reference does not imply any product endorsement or affiliation with Salt Edge Inc.

Open banking for every business

© 2021, Salt Edge Inc. All rights reserved

Salt Edge Limited, registered in England and Wales (#11178811) and authorized by the FCA (#822499), is a subsidiary of Salt Edge Inc.

All logos, trademarks, brand names, service marks, trade names, trade dress or company names used on this website that are not owned by Salt Edge Inc. or its respective affiliates and licensors are the property of their respective owners and are used for identification purposes only. Such use or reference does not imply any product endorsement or affiliation with Salt Edge Inc.