diff --git a/android/app/build.gradle b/android/app/build.gradle
index f98b2c8..7a127c8 100644
--- a/android/app/build.gradle
+++ b/android/app/build.gradle
@@ -152,7 +152,7 @@ dependencies {
     implementation "org.jetbrains.kotlin:kotlin-stdlib:$kotlin_version"
 
     // Banuba Video Editor SDK dependencies
-    def banubaSdkVersion = '1.53.2'
+    def banubaSdkVersion = '1.54.0'
     implementation "com.banuba.sdk:ffmpeg:5.3.0"
     implementation "com.banuba.sdk:camera-sdk:${banubaSdkVersion}"
     implementation "com.banuba.sdk:camera-ui-sdk:${banubaSdkVersion}"
@@ -172,6 +172,6 @@ dependencies {
     // Photo Editor SDK dependency
     // WARNING!
     // Remove this dependency if you only use Video Editor SDK
-    def banubaPESdkVersion = '1.4.1'
+    def banubaPESdkVersion = '1.4.2'
     implementation "com.banuba.sdk:pe-sdk:${banubaPESdkVersion}"
 }
diff --git a/ios/Podfile b/ios/Podfile
index 7b28847..5e49410 100644
--- a/ios/Podfile
+++ b/ios/Podfile
@@ -28,7 +28,7 @@ target 'vesdkreactnativecliintegrationsample' do
     :app_path => "#{Pod::Config.instance.installation_root}/.."
   )
 
-    sdk_version = '1.53.0'
+    sdk_version = '1.54.0'
 
     pod 'BanubaVideoEditorSDK', sdk_version
     pod 'BanubaSDKSimple', sdk_version
@@ -37,7 +37,7 @@ target 'vesdkreactnativecliintegrationsample' do
     pod 'BanubaAudioBrowserSDK', sdk_version # optional
 
     # Photo Editor
-    pod 'BanubaPhotoEditorSDK', '1.4.0'
+    pod 'BanubaPhotoEditorSDK', '1.4.1'
 
   post_install do |installer|
     # https://github.com/facebook/react-native/blob/main/packages/react-native/scripts/react_native_pods.rb#L197-L202