Our banking software services in Lithuania 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 LITAS-ESIS format and in Central bank standards.
- 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 Lithuania
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 LITAS-Domestic payments– 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 / Statistical reports for Bank of Lithuania
- Information handoff to Financial Crime Investigation service
- Information handoff to Lithuanian tax inspectorate
- File generation and information exchange with Bailiff’s office
