Our banking software services in Latvia for Green field and established banks covering all aspects of Retail banking services will be effective from Autumn 2010.
Banks can benefit from our B-SaaS offering hosted from our Data Centre in Stockholm, Sweden. The range of services offered in Latvia is as follows:
Liabilities
- Current and Savings Accounts
- Deposit accounts
Assets
- Consumer loans
- Mortgage lending
Account services
- Statements according to Bank of Latvia’s Council resolution No. 45/3 of March 12, 1998.
- Statements available in electronic formats for ready upload into customers accounting systems.
- Year-end Tax statement to customers delivered through Internet bank
- Deposit advices and agreements
Interfaces
- Handoffs for loan repayment reporting to local risk database
- Exchange rate upload from Bank of Latvia
Payment and clearing services
- Outgoing cross border customer payments via SWIFT – MT103
- Incoming cross border customer payments via SWIFT – MT103
- Outgoing cross border bank payments via SWIFT – MT202
- Incoming cross border bank payments via SWIFT – MT202
- Local payments on EKS / SAMS – incoming and outgoing catering to local standards.
- TARGET2 – for Cross border EUR payments and domestic EUR payments on RTGS mode
AML / KYC
- All Customer creation and transactions will checked against:
- EU list
- OFAC list
- Internal list maintained by bank
Full fledged Teller services
- Cash transactions
- Non cash teller transactions
- Currency exchange transactions
Reporting
- Operational report for bank operations
- Regulatory reports for Bank of Latvia and FKTK
