Salt Bank makes digital debut in Romania powered by Starling Bank’s BaaS

Salt Bank Launch:
- Recently launched in Romania as the country’s newest digital challenger.
- Operates as a subsidiary of Banca Transilvania Financial Group, based in Bucharest.
- Offers retail banking services including 3% current accounts, mixed term deposits, multicurrency cards, and savings accounts called Spaces.
Founder Programme:
- Introduced a founder programme to incentivize early customer enrolment.
- Customers receive “founder points” which can be redeemed for monetary value or exchanged for shares in the future.
Partnership with Engine by Starling:
- Partnered with Engine, the Banking-as-a-Service (BaaS) technology platform of UK-based Starling Bank.
- Leveraging Engine’s platform for digital onboarding, payment processing, managing lending products, and monitoring financial crime.
CEO Statements:
- Gabriela Nistor, CEO of Salt Bank, highlights the ambition to disrupt the Romanian banking market.
- Acknowledges the success of Starling Bank’s operations as a driver behind the partnership.
Launch Timeline and Achievements:
- Engine by Starling CEO, Sam Everington, mentions building and launching Salt Bank in under 12 months.
- Praises Gabriela Nistor’s approach similar to Starling founder Anne Boden’s in asking penetrating questions.
Response to Requests:
- Salt Bank did not respond to requests for comment regarding further details of its launch and ambitions.