Case Study: Oval Money Ltd achieves automated account aggregation and intelligent transaction categorization with Salt Edge

Tracking expenses and earnings automatically

Oval Money Ltd, a London- and Turin-based fintech startup, needed to automate expense tracking, savings and investing for digital-native users without relying on manual data entry. To aggregate, normalize and categorize transactions from bank accounts, e-wallets and cards across borders, Oval Money engaged Salt Edge in November 2016, using Salt Edge’s Financial Data Aggregation and Transaction Categorization capabilities (including the Global Data Aggregation API and Connect Bank widget).

Salt Edge implemented account connectivity, data unification and a self-learning Categorization Engine, while providing PCI DSS and ISO 27001–certified security and ongoing API maintenance. The solution gave Oval users access to 3400+ financial institutions in 60+ countries, enabled automatic transaction categorization and consolidated views that power Oval’s savings and investment features, and now supports more than 200,000 Oval users.

Oval Money Ltd

Benedetta Arese Lucini

CEO & Co-Founder