Salt Bank: Romania's first 100% digital neobank launched

Digital Reinvention
06/04/2024 News

Romania welcomes the arrival of Salt Bank, marking a significant milestone in the nation's banking landscape. Unlike traditional banks, Salt Bank positions itself as more than a financial institution; it promises a fully digital experience tailored to modern users. Combining banking stability with FinTech agility, Salt Bank aims to revolutionize banking with its safe yet friendly approach.

Open Finance
27 Jul 2021
27/07/2021 Study

Neobanks and the next step

According to the Business Review, the launch has garnered immense interest among Romanian consumers, with over 80,000 expressing eagerness to join the Salt Founders Community. Through active participation, customers influence Salt Bank's trajectory, contributing over 5,000 ideas to date.

Gabriela Nistor, CEO of Salt Bank, emphasizes the institution's commitment to technology and customer needs. Salt Bank invites customers to collaborate in shaping its future, reflecting its ethos of continuous improvement.

Upon launch, Salt Bank offers enticing features:

• Foundership Opportunity: Customers can become founders and potential shareholders upon a future stock exchange listing.

• Competitive Interest Rates: Salt Bank offers 3% yearly interest on main current accounts and Spaces, with monthly payments of at least 1,000 lei.

• Multicurrency Card: Enjoy transactions in 17 currencies worldwide with Salt Bank's versatile multicurrency card.

• Innovative Product: Introducing Spaces, a unique savings feature for short-term goals and long-term aspirations.

• User-Friendly App: Salt Bank's intuitive app provides essential features without unnecessary clutter.

Headquartered in Romania, Salt Bank operates under the ownership of Banca Transilvania Financial Group, ensuring adherence to international standards and regulatory compliance. More than just a neobank, Salt Bank represents the future of digital banking in Romania, poised to deliver innovative financial services with a strong emphasis on technology.

Related news & insights

Digital Reinvention
29/04/2024 Interview

Raiffeisen Bank International secures gold at Qorus Reinvention Awards with creative financial literacy game

Timo Mende, working student at Raiffeisen Bank International (RBI), and his team won the gold award in the Distribution category...

Digital Reinvention
26/04/2024 News

CaixaBank boosts innovation with visual thinking

CaixaBank is innovating its work methodologies through its subsidiary, CaixaBank Tech, aiming to streamline decision-making processes.

Digital Reinvention
25/04/2024 News

Standard Chartered launches open banking marketplace to accelerate API adoption

Standard Chartered has launched its new Open Banking Marketplace, offering a one-stop platform for both existing and prospective clients to...

Mobility
24/04/2024 Article

Rich rewards in the mobility sector trigger a scramble for scale

To succeed in the mobility business, companies need scale – and they need it fast. Representatives from Spanish financial services...

Digital Reinvention
24/04/2024 Article

The 2024 Qorus-Infosys Finacle Banking Innovation Awards submission guide

The Qorus-Infosys Finacle Banking Innovation Awards are open for entries until June 21, 2024. Here's a guide to everything you...

24/04/2024 News

CaixaBank Private Banking opens exclusive center in Barcelona

With over €10,300 million in global assets set to be managed from this location, approximately 80 specialists will provide independent...

Digital Reinvention
23/04/2024 News

Maybank simplifies digital retail investing with Goal-Based Investment

Available on the MAE App and Maybank2u Web, this new feature allows customers to pursue their financial goals seamlessly without...

Digital Reinvention
22/04/2024 Interview

Driving innovation in e-commerce payments: a conversation with mBank's award-winning leaders

Polish bank mBank won bronze in the Operational Efficiency category at the Qorus Reinvention Awards – Europe 2024 for ‘Conversion-Boosting...