Baltic International Bank partners with ETRONIKA for development of new Online Banking

February 15, 2019

We are delighted and proud to announce that we have been selected as Online Banking technology partner and provider for the Baltic International Bank.

Some of the biggest challenges financial services companies face today are a shift towards modern digital opportunities and implementation of relevant solutions. Committed to providing greater convenience for the users, our partner Baltic International Bank has embarked on launching a new online banking presence. The customers will benefit from rich functionality, improved security and more digital services. The upgraded online banking solution will serve as a platform for launching new digital products and services in the future. Baltic International Bank is planning to invest around one million euros in improving the internet banking facility.

ETRONIKA, the leading digital banking solutions provider in the Baltic States, was chosen as partner and technology provider to employ its BANKTRON suite for digital banking and securities portfolio monitoring.

Bank and ETRONIKA have already finished the first phase of the project. In June 2019, Bank’s customers will get access to the features of the first version of online banking. Baltic International Bank will be rolling out the new online-banking version gradually, and by October 2019 the new digital banking platform will be available to all customers.

Highly competitive environment in the financial sector spurs us to respond quickly to situations, be innovative and take a strategic approach to decision-making. We therefore continuously develop digital channels and invest in our infrastructure. This is vital to ensure convenient and qualitative services for our customers. New technological solutions are conducive to increasing the value of the services offered by Bank. We will launch the internet banking through combined efforts of the sector professionals and after having explored usage patterns of our customers. The internet banking will enable the customers to obtain only useful and really necessary information, save time and plan finances better and make their investments and other financial deals in a timely manner while being 100-percent sure about safety and security of their data and money.

Guntars Reidzāns, Member of the Management Board at Baltic International Bank

ETRONIKA, having almost 20 years of experience in the financial technology sector, developed and offered Baltic International Bank innovative digital solution with an emphasis on security and customer convenience. Modern internet banking and mobile banking applications will incorporate daily banking operations, securities portfolio monitoring, loan management, notifications on new transactions and payment cards management modules.

Regular improvements of online banking systems are indispensable. Advances and opportunities in digital environment come along with new threats. Furthermore, in highly regulated industries, we must also take into consideration ever-changing regulations and legislative updates. By improving digital interaction, we will make the internet banking platform more efficient, more user-friendly and more future-ready. As a result, both Bank and its customers will enjoy new opportunities.

Arnoldas Jankūnas, the Chief Executive Officer at ETRONIKA

In 2017, ETRONIKA’s award winning BANKTRON Mobile Banking solution was included in IDC MarketScape: European Mobile Banking Software Solutions 2017 Vendor Assessment (IDC #EMEA42420917) by IDC Financial Insights.

Link to the Baltic International Bank press release can be found here.