Transact Pro, based in Riga, Latvia ( E.U.), has chosen Geniusto as its new banking ledger (core) system provider. Transact Pro is focused on providing white-label card issuing and acquiring services as well as payment processing solutions based on proprietary platforms and APIs.
The company has converted its core ledger platform to GENIUSTO which provides Transact Pro’s customers with remote onboarding technology, general ledger system and integrations with Transact Pro developed systems and APIs.
“We selected GENIUSTO because of its capability to meet the requirements of a modern core system. The company has a proven ability to maintain and develop the solution through decades of its expertise and we are pleased to partner with a trusted vendor like GENIUSTO" said Mark Moskvin, founder and principal owner of Transact Pro as well as Transact Bank. “We have also entered into an LOI and Discovery project with GENIUSTO in the US, to further strengthen Bank's platform” added Mark Moskvin.
Shane Hermans, CEO, and Founder of Geniusto International Ltd said “We are thrilled about this partnership as this allows us to showcase our technology in the United States of America market. Our technology can provide frictionless payment services for the clients of Transact Pro. Our goal for this partnership is to take Transact Pro and Transact Bank to the very top of the payments and banking markets not only in the European Union and the United States of America but also in other potential markets that Transact Bank and Transact Pro are looking to enter in.”.