Latvia's Rietumu Banka has implemented Dublin-based CR2 Group's BankWorld product to provide its commercial and high net worth customers with 24x7 online banking.
BankWorld will enable Rietumu to provide online banking services to its clients in real-time, providing seamless communication between the bank's back and front offices, says the company.
At the roll-out stage, customers will be able to perform balance enquiries, monitor transactions, conduct international and local payments, perform currency conversions and place deposits, and digitally authorise online transactions.
Evgeny Shikhman, vice president, Rietumu Banka, says the bank plans to gradually add new products and services throughout the year, including online loan applications and monitoring, brokerage and asset management capabilities, and credit cards.
Rietumu's new information Web site, scheduled to go live in April, will be cross-linked with the BankWorld site providing information support to bank customers and cross-selling opportunities for the bank itself.