Convenient Daily Banking Solution for Credit Unions
Challenge
KREDA, a group of 11 credit unions established in 2017, has 39,800 members across Lithuania. As digital habits evolved, members increasingly demanded a simple, secure, and convenient way to handle daily transactions via smartphones. In a highly competitive financial market, KREDA recognized the necessity to provide its members with a mobile banking app that would enhance their user experience and meet the growing expectations of the digital age. KREDA needed a solution that would be scalable, compliant with strict EU regulations, and adaptable to future technological trends and user feedback.
KREDA, a group of 11 credit unions established in 2017, has 39,800 members across Lithuania. As digital habits evolved, members increasingly demanded a simple, secure, and convenient way to handle daily transactions via smartphones. In a highly competitive financial market, KREDA recognized the necessity to provide its members with a mobile banking app that would enhance their user experience and meet the growing expectations of the digital age. KREDA needed a solution that would be scalable, compliant with strict EU regulations, and adaptable to future technological trends and user feedback.
Solution
Baltic Amadeus developed a customizable mobile banking solution for KREDA using open APIs based on the PSD2 directive and the Berlin Group standard, ensuring smooth integration. The app featured strong security measures, meeting ISO 27001 and ISO 9001 standards, and was designed to cater to both iOS and Android platforms. The solution included essential banking functionalities such as multi-method authentication, account management, payments, and card services. A team of CISSP, CDPSE, and CISA-certified experts ensured that the app not only delivered a seamless user experience but also met the highest security and compliance standards.
Baltic Amadeus developed a customizable mobile banking solution for KREDA using open APIs based on the PSD2 directive and the Berlin Group standard, ensuring smooth integration. The app featured strong security measures, meeting ISO 27001 and ISO 9001 standards, and was designed to cater to both iOS and Android platforms. The solution included essential banking functionalities such as multi-method authentication, account management, payments, and card services. A team of CISSP, CDPSE, and CISA-certified experts ensured that the app not only delivered a seamless user experience but also met the highest security and compliance standards.
Results
The KREDA mobile app provided an effortless and intuitive digital banking experience for members, allowing them to easily manage daily financial tasks such as transactions and payments. The app significantly strengthened KREDA’s relationship with its members by providing smart, user-friendly solutions. Post-launch, KREDA continues to develop new features and functionalities based on customer feedback, ensuring continuous improvement and adaptation to member needs. The launch of this mobile app marks the start of KREDA’s journey towards delivering even more innovative, technology-driven financial services.
The KREDA mobile app provided an effortless and intuitive digital banking experience for members, allowing them to easily manage daily financial tasks such as transactions and payments. The app significantly strengthened KREDA’s relationship with its members by providing smart, user-friendly solutions. Post-launch, KREDA continues to develop new features and functionalities based on customer feedback, ensuring continuous improvement and adaptation to member needs. The launch of this mobile app marks the start of KREDA’s journey towards delivering even more innovative, technology-driven financial services.