Salt Edge teams up with Serbia’s Saga in readiness for Open Banking

Serbia-based IT company Saga has teamed up with Salt Edge to help the country’s banks meet Open Banking regulatory requirements and follows Salt Edge’s recent expansion into the Republic of Serbia.

Saga provides advanced telecommunications, business and ICT infrastructure solutions for large and medium-sized enterprises across various industries.

By teaming up with Salt Edge, Saga will be able to help Serbian financial institutions comply with recent amendments to the Payment Services Act, which will introduce Open Banking-driven services to the Serbian financial market, thereby mirroring PSD2 in Europe.

From 6 May 2025, Serbian banks will be required to provide third-party service providers (TPSPs) with secure access to customers’ account information through APIs, facilitate payment initiation services, and ensure compliance with Open Banking standards.

“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,” said Andrei Scutari, Open Banking head of sales at Salt Edge.

“With extensive global expertise in Open Banking compliance, Salt Edge is committed to guiding Serbian financial institutions through this transformative journey,” he added.

“Together with Saga, we aim to help them overcome the challenges and unlock valuable use cases that drive innovation and deliver tangible benefits.”

Saga, which is headquartered in Belgrade in Serbia, employs more than 250 people and has subsidiaries in Montenegro, Bosnia and Herzegovina, and Macedonia.

Siniša Ljubojević, business development director at Saga Group, called its new partnership with Salt Edge “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,” he added.

Further reading: Salt Edge partners with Innovance Technologies in boost to Open Banking in EMEA