Ever since Ozan Ozerk founded the European Merchant Bank in 2018, the bank’s every step has been leading towards more accessible banking services for an array of corporations.
Headquartered in beautiful Vilnius, Lithuania, the European Merchant Bank offers various financial products and services to large enterprises and small and medium-sized businesses. As of 2020, the bank has extended its services to private clients as well.
The bank recently joined the European Union’s SEPA (Single Euro Payments Area) initiative and has just become a licensed member of Mastercard.
As part of its continuous improvements and technological advances, the European Merchant Bank of Akce Group Malta has launched a new website to enable smooth financial experiences. Let’s see what benefits the new site brings to its numerous clients.
Better Accessibility and Client Satisfaction
Face-to-face consultancy and transparent human interaction have always been at the core of the European Merchant Bank.
But its “Banking for Growth” vision means much more than meeting with clients to provide them with banking solutions for business growth. It means implementing state-of-the-art technologies to streamline its clients’ financial experience, both with the bank and their own customers.
That’s one of the critical benefits of the bank’s new digital storefront. It provides its clients with direct access to a wide range of banking services and products. They can explore and utilize them anytime and anywhere, without having to visit the branch.
In today’s hectic world, where almost everyone operates online, it’s easy to understand the importance and business benefits of going digital.
The European Merchant Bank couldn’t have launched the new site at a better time for all its existing and prospective clients. The ongoing pandemic doesn’t favor face-to-face interactions much, which might be what motivated the founder and his team to accelerate the preparations for the launch.
Be that as it may, combining the best of both worlds remains the core focus of the European Merchant Bank. It’s the most efficient and effective way to help supercharge its clients’ and partners’ business growth.
The European Merchant Bank and the people working there clearly understand the significance of a high-quality website, especially in the banking industry. Its website is professional, mobile-friendly, and easy to use.
It has an intuitive design that enhances user experience and helps people find what they need quickly.
The navigation on the site couldn’t be more straightforward. The top bar features all the bank’s offers, including BaaS (Banking as a Service) through a single API, accounts, lending, cards, and trade finance solutions. Each of those offers comes with a host of financial products and services, along with useful information about them on each dedicated page.
It’s also straightforward to get in touch with the European Merchant Bank and its holding company in Malta, Akce Holding Malta Ltd, and discuss various business growth opportunities.
Overall, it’s a high-quality website that makes it easy and comfortable to learn about the offers and choose the right solutions for your needs.
Multi-Language Support for Greater Convenience
The European Merchant Bank’s website will have multi-language support soon to enable its clients and their partners with greater convenience.
The site currently supports English and Lithuanian, but more languages are in the works. At the moment, we don’t have information as to which languages the site will support or how many there will be.
The vision behind the European Merchant Bank and its rapid growth can lead to one conclusion. There will be plenty of language options. After all, that’s crucial when expanding to new markets, as it helps break cultural barriers and streamline business operations.
Mobile Banking and the Open API Ecosystem
To further enhance convenience and client satisfaction, the European Merchant Bank offers mobile banking services as well. Anyone interacting with the bank can do it via smartphone, tablet, and other mobile devices.
The bank’s clients can make seamless transactions on the go and get direct access to all its services through a single API as well. They can manage their funds remotely, view transaction details, check their balance, access custom lending products, and much more.
Apart from mobile banking, the European Merchant Bank focuses on open banking. It follows the latest European regulatory guidelines to ensure the best open banking practices for excellent customer experience and new revenue opportunities.
Now, before we continue, it’s best to define what the term “open banking” means. Most of our readers are familiar with this term, but there might be someone who isn’t.
Open banking allows third-party providers of financial services with open access to financial data through various APIs (Application Programming Interfaces). That data can come from different banks and other financial institutions.
The EMBank offers various BaaS solutions powered by open banking APIs or its own bespoke single API service, that its clients can use to integrate its services into their business operations.
Its Banking as a Service (BaaS) solutions include:
- International payments – providing access to SEPA, SWIFT, and the bank’s single API BaaS solutions;
- Local payments – giving access to SEPA and TARGET2 networks;
- APMs (Alternative Payment Methods) – offering different APMs to help clients expand their reach;
- KYC (Know Your Customer) & AML (Anti-Money Laundering) – staying compliant with AML/CTF regulations;
With these solutions, you don’t have to worry about technicalities and regulatory compliance. The bank has done the legwork, so its clients don’t have to.
On the Path to Revolution
The European Merchant Bank is clearly on the path to revolutionizing banking as we know it. Its innovative solutions and open banking practices help businesses connect with customers to create fantastic experiences and uncover new revenue opportunities.
With its new, highly-intuitive website, it takes a step further to more convenient banking, which is what everyone in the banking world strives to achieve or experience. It shows the bank’s commitment to improvement, growth, and exceeding clients’ expectations.
European Merchant Bank is a company incorporated in Lithuania (company number 304559043), founded by Ozan Ozerk and authorized by the European Central Bank (LB000485) for the provision of banking services.