Finlayer and Salt Edge partner to bring Open Banking to SMBs in Romania
Source: Salt Edge
Salt Edge has partnered with Finlayer, a Romanian financial management platform helping small and medium-sized businesses (SMBs) manage their finances more easily. The platform acts as a financial layer on top of existing banking systems, letting companies handle all their operations without changing banks.
Finlayer chose Salt Edge for its secure, fully compliant Open Banking framework, which serves as a foundation for building modern, intelligent financial tools. With Salt Edge’s robust technology, Finlayer can deliver on their core promise of seamless multi-bank integration without requiring customers to switch their established banking relationships.
By leveraging Salt Edge’s account information services (AIS), Finlayer can connect to nearly every bank in Romania, automating reconciliation and aggregating data from multiple bank accounts to give businesses a real-time view of balances, transactions and cash flow. Salt Edge’s payment initiation services (PIS) will enable businesses to send invoices, make payments, and receive funds directly through the Finlayer app, helping small companies pay suppliers and reconcile transactions in minutes instead of hours.
Ioan Solovastru, chief executive officer of Finlayer, said: “For us, speed is everything. Salt Edge’s team managed to navigate us through the Open Banking experience seamlessly. Thanks to Salt Edge, we were able to focus on the user experience and build our envisioned solution.
“This partnership enables us to fulfil our vision of simplifying financial management for small businesses across Romania, and we’re excited about scaling this solution throughout Eastern Europe.”
Virgiliu Bodrug, senior Open Banking solutions expert at Salt Edge, said: “Juggling multiple bank accounts often slows things down, especially for small businesses with limited resources. Backed by Salt Edge’s Open Banking rails, Finlayer removes this complexity by turning financial management into a connected, automated experience.
“Romanian businesses can now view all their finances, send invoices, and receive payments — all from a single dashboard. It’s a smarter way to work that saves time, reduces errors, and keeps money safe within trusted banks.”
The partnership gives Romanian SMBs access to a unified platform that simplifies financial management and accelerates day-to-day operations. With Salt Edge’s secure Open Banking infrastructure, Finlayer provides customers with multi-bank connectivity, seamless payments, invoicing automation, and cash flow management while keeping funds in trusted banks and fully integrated with the Romanian e-factura system.
Once the solution is validated in Romania, Finlayer plans to scale it across Eastern Europe, providing businesses throughout the region with the same unified financial experience.
Listen to Salt Edge’s chief executive officer Garri Galanter and chief growth officer Alina Beleuta on the Open Banking Expo Unplugged podcast, where they’re joined by Caroline Cope, head of business development, banking and finance at CRIF, to discuss how Open Banking data and AI are reshaping traditional credit scoring. Listen to the episode here.