Salt Edge, Tuum and LHV Bank Partner to Accelerate Growth Through Secure Open Banking

By Lauren Hinton · 19 June 2025

LHV open banking partnership with Salt Edge and Tuum

Tuum’s next-generation core capabilities, in partnership with Salt Edge’s Open Banking Compliance solution, have supported LHV Bank in providing more value-added services by effectively managing all core banking operations and ensuring compliance with stringent regulatory requirements in the UK. The dynamic partnership between Tuum and Salt Edge, established in 2022, aims to help financial institutions across Europe access the full spectrum of open banking features quickly and securely while enabling integration with an API-first and modular core banking platform. LHV Bank is one of the beneficiaries of this collaboration, leveraging the strengths of both providers. LHV Bank, a subsidiary of LHV Group, is a BaaS (Banking-as-a-Service) provider to over 200 customer-facing fintechs, offering retail banking products for individuals and flexible lending for businesses. To accelerate innovation and expand its offerings, LHV Bank chose Tuum to replace and handle its core banking system. As part of the existing collaboration between Tuum and Salt Edge, Salt Edge was selected by LHV Bank to complement its digital core and ensure full compliance with the UK’s open banking regulations. Instead of spending years developing a fully compliant API layer, the bank chose Salt Edge’s Open Banking Compliance product, a proven solution that integrated seamlessly with their banking core. The ready-made toolkit, management dashboards, robust TPP verification system, and compliance coverage will allow the company to focus on building better banking products. “Open Banking is an incredible opportunity but also a technical and regulatory puzzle. Salt Edge helps us solve that puzzle without spending years assembling all the pieces ourselves. This way, we can focus on delivering innovative banking services, not just ticking compliance boxes.” — Marten Vill, Product Management Domain Lead, LHV Bank. “Our partnership with Salt Edge allows institutions like LHV Bank to unlock the full potential of open banking while remaining fully compliant from day one. By integrating Salt Edge’s compliance capabilities with Tuum’s API-first, modular core, we’ve created a future-ready foundation that enables LHV Bank to innovate rapidly, scale confidently, and deliver seamless experiences to its fintech partners and end customers.” — Miljan Stamenkovic, VP Sales, Tuum. Ensuring regulation and compliance will provide the bank’s clients with smoother and more secure access to open banking services, whether it involves aggregating accounts, making payments, or connecting with third-party financial tools. “We’re happy to support LHV Bank with our comprehensive Open Banking Compliance solution, helping them meet the UK regulatory requirements, stay ahead of the curve and minimise the technical burdens.” — Andrei Scutari, Open Banking Head of Sales and Country Manager, Salt Edge. “Our partnership with Tuum combines two complementary solutions that empower financial institutions like LHV Bank to develop a modern, compliant, and future-proof banking infrastructure powered by open banking.” — Iulian Mitrea, Head of Partner Ecosystem, Salt Edge.