Saga joins Salt Edge to enable Serbian banks with Open Banking regulations

By Gloria Mathias

Saga, one of Serbia’s IT firms, has partnered with Salt Edge, a global Open Banking solution, to support Serbian banks in meeting the latest Open Banking regulatory requirements. This collaboration follows Salt Edge’s recent expansion into the Republic of Serbia.

Headquartered in Belgrade, Serbia, Saga employs over 250 people and has subsidiaries in the region, including Montenegro, Bosnia and Herzegovina, and Macedonia.

Saga joined forces with Salt Edge to help Serbian financial institutions comply with recent amendments to the Payment Services Act (PSA), meant to mirror the European PSD2 and introduce open banking-driven services to the Serbian financial market.

Andrei Scutari, Open Banking Head of Sales Salt Edge, shared, “Open banking revolves around data sharing, innovation, and seamless collaboration. As Serbia’s financial sector prepares to embrace it soon, the best approach is to learn from those who have successfully navigated this journey. With extensive global expertise in Open Banking compliance, Salt Edge is committed to guiding Serbian financial institutions through this transformative journey. Together with Saga, we aim to help them overcome the challenges and unlock valuable use cases that drive innovation and deliver tangible benefits. This partnership is a significant milestone in our mission to make Open Banking accessible to financial institutions worldwide.”

Through this partnership, Serbian banks will gain access to advanced tools and services designed specifically for the local market’s unique needs. At the core of this collaboration is Salt Edge’s globally proven full-stack Open Banking Compliance Hub. The comprehensive solution includes PSD2 and Open Banking-compliant APIs, a robust TPP verification system, secure payment and account access with full SCA and dynamic linking compliance, consent management tools, and detailed reporting capabilities.

“Partnering with Salt Edge marks an important step forward in enhancing Serbia’s banking sector. By combining Salt Edge’s expertise in Open Banking solutions with our deep understanding of the local market, we are enabling banks not only to meet PSD2 compliance requirements but also to create innovative services that drive competitiveness and enhance customer satisfaction,” added Siniša Ljubojević, Business Development Director at Saga Group.