23 July 2017
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Latvia's Norvik Banka partners Salt Edge to tackle PSD2 compliance

04 July 2017  |  2947 views  |  0 Source: Salt Edge

Latvian based Norvik Banka has partnered with Salt Edge Inc. and it’s Priora Platform to become one of the first banks in the Baltics to tackle the PSD2 compliance process.

Norvik Banka, the 8th largest private bank in Latvia, is also one of its oldest, having been established in 1992. Taking pride in delivering the highest standards of customer service, it puts customer satisfaction at the core of its company values. Constantly exploring new and innovative ways of provide leading products and services to its customers as well into giving back to the community that it serves, it is socially active, taking part in the development of Latvia’s cultural, sports, and public life.

By partnering with Salt Edge Inc., Norvik Banka is taking first steps towards not only complying with the revised Payment Service Directive (PSD2) which seeks to lower costs and raise protection for banking customers right across Europe, but it is also using the opportunity to get ready to introduce new Open Banking initiatives and services going forward.

This commitment further enhances Norvik Banka’s reputation as a leading pioneer, as it becomes the first Latvian bank to implement cutting edge technology to ensure it stays at the forefront of the rapidly changing banking industry in the 21st Century. A move that is beneficial for all the involved parties, especially for the customers whose financial lives will benefit from the full spectre of innovations which come with this partnership.

CEO of Salt Edge Dmitrii Barbasura stated that Norvik Banka and Salt Edge have a shared vision of the value that Open Banking can deliver in the coming years, and how it is set to profoundly revolutionise customer services. We are proud to partner with such an innovative and pioneering bank, to implement together the most advanced technology platform, not only to ensure full compliance with PSD2, but also to build the solution that will power tomorrow’s customers and their ever expanding needs’.

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