Magnetiq Bank

Magnetiq Bank

Banking

Riga, Rīga 2,552 followers

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About us

At Magnetiq Bank, we're redefining what it means to work with a bank. We know the usual perception involves navigating multiple hurdles - from complex onboarding processes to inconsistent service experiences - but we believe in a different approach. 🤝 💡 Imagine a banking partner that provides licensed infrastructure and fosters true collaboration to help fintech companies thrive. That's what we're creating at Magnetiq Bank - a seamless, supportive environment where great products are developed through great collaboration and genuine partnerships. 🌐 Ready to experience banking differently? Dive deeper into how we're transforming fintech collaborations: www.magnetiqbank.com

Industry
Banking
Company size
201-500 employees
Headquarters
Riga, Rīga
Type
Privately Held
Founded
2008
Specialties
E-commerce, Trade Finance, Private Banking, Asset Management, Trading, Banking as a Service, and Fintech

Locations

Employees at Magnetiq Bank

Updates

  • View organization page for Magnetiq Bank, graphic

    2,552 followers

    Launch alert: our new Payment Solutions webpage is live! We're excited to unveil our new Payment Solutions webpage, designed to meet the needs of e-merchants and Payment Service Providers. Whether you're looking to accept online payments, support multiple currencies, or enhance checkout experiences, we've got you covered! 🌐 What you'll find: 🟢Seamless online payment methods 🟢Multi-currency support for global reach 🟢Top-tier security to keep transactions secure 🟢Transparent & competitive fees Explore how our solutions can empower your business to succeed in today's digital landscape. Visit us today and take your payment process to the next level! 🔗https://lnkd.in/dtgqD3i2 #MagnetiqBank #PaymentSolutions #eCommerce #OnlinePayments #SeamlessCheckout #SecurePayments

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    2,552 followers

    So many kind words were said about the Latvia Fintech Forum 2024 event, held at the magnificent Mazā Ģilde - a venue that felt like a bridge between the history of #Latvia and its innovative future. The architecture of this historic building set the perfect stage for conversations about the path ahead, blending tradition with forward-thinking vision. The insights shared throughout the event align perfectly with Magnetiq Bank strategy to become a one-stop bank for fintech. Here are some highlights and key takeaways at the Latvia Fintech Forum 2024! 🟢Viktors Valainis, Minister of Economy, presented an ambitious vision to double Latvia’s economy over the next decade, emphasizing the pivotal role fintech will play in this transformation. 🟢Mārtiņš Kazāks, Governor of Latvijas Banka in English, recognized the forum’s participants as key contributors to driving productivity and competitiveness. Mr. Kazāks also reaffirmed a commitment to frameworks like MiCA and pre-licensing, paving the way for Latvia as a strong European fintech hub. 🟢Fredis Bikovs, Managing director of Riga Investment and Tourism Agency, emphasized the potential for fintech to become a vital pillar of Riga’s economy, drawing parallels with positive trends observed in neighboring countries like Lithuania. The event featured dynamic panel discussions, offering invaluable insights into the future of fintech and Latvia’s role in leading that change. With conversations like these in such a storied venue, we’re more inspired than ever to contribute to Latvia’s growing fintech ecosystem. Thank you to Latvijas Banka, Fintech Latvia Association and everyone involved for providing such a fantastic platform for #collaboration. #LatviaFintechForum #MagnetiqBank #Powerincollaboration

  • View organization page for Magnetiq Bank, graphic

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    Have you read our latest article on the future of Segregated Accounts? If you've already seen our article, you’re up to speed on how upcoming regulatory changes will impact segregated accounts - and how Magnetiq Bank is ready to support businesses through these shifts. If you still need to, we invite you to explore the article for insights on compliance, security, and the solutions we offer to meet the latest standards. 👉 Read in Latvian: https://lnkd.in/de72jffz 👉 Read in English: https://lnkd.in/geawxX3x You can stay ahead with Magnetiq Bank - your trusted partner for navigating financial regulations. #MagnetiqBank #SegregatedAccounts #Fintech #RegulatoryCompliance

    Segregēto kontu nākotne 2025. gadā: normatīvo izmaiņu ietekme un Magnetiq Bankas risinājumi

    Segregēto kontu nākotne 2025. gadā: normatīvo izmaiņu ietekme un Magnetiq Bankas risinājumi

    db.lv

  • View organization page for Magnetiq Bank, graphic

    2,552 followers

    Ensuring the highest level of data security🔒 We are excited to share that Magnetiq Bank has once again secured the Compliance Certificate for the Payment Card Industry Security Standards Council (PCI DSS). This significant milestone underscores our unwavering commitment to upholding the highest data security standards in the financial industry. The PCI DSS certification is a testament to our ongoing commitment to protecting sensitive cardholder information and preventing data breaches. 💬Artur Kenins, Head of IT at Magnetiq Bank comments: "Renewing our PCI DSS compliance is an important milestone for Magnetiq Bank as it demonstrates our dedication to maintaining the highest security standards in the financial industry. By adhering to the rigorous requirements of the PCI DSS, we assure our customers that their payment card data is secure and protected from potential cyber threats." 💬Trevor Axiak, Director at Kyte Global comments: “We are pleased that Magnetiq Bank has once again obtained PCI DSS certification as a Level 1 Service Provider and are very grateful to them for having selected Kyte Global as its Qualified Security Assessor. We remain committed to Magnetiq Bank as well as the industry in general to support all their compliance efforts.” When you choose Magnetiq Bank, you can rest assured that your financial data is safeguarded with the highest security measures, a commitment we will continue to uphold. #PCICompliance #DataSecurity #CustomerTrust #MagnetiqBank #FinancialServices

  • View organization page for Magnetiq Bank, graphic

    2,552 followers

    At Magnetiq Bank⬛🟢, we understand that the onboarding journey extends beyond client acquisition. A smooth onboarding experience is pivotal in fostering long-term client satisfaction and retention. By providing a seamless and user-friendly onboarding process, we lay a solid foundation for enduring relationships with our clients, setting the stage for meaningful interactions and continued trust.   You are welcome to read our post, Myth vs. Reality, where we talk about common misconceptions about onboarding. By embracing these realities and dispelling prevalent myths, Magnetiq Bank is dedicated to delivering a secure, personalized, and seamless onboarding experience that prioritizes client satisfaction and compliance. 📢Stay tuned as the countdown starts to the launch of our digital onboarding for e-merchants and payment service providers!

  • View organization page for Magnetiq Bank, graphic

    2,552 followers

    Exciting update for Magnetiq Bank clients!📲 Our latest app enhancements are here to make managing your finances even more convenient and secure. With the updated push notification feature, you’ll receive real-time alerts for important account activities while enjoying seamless biometric login, easy payment approvals up to €15,000, and much more. Experience secure, efficient banking wherever you are.🌐 Discover the improved Magnetiq Bank app experience today on Google Play https://lnkd.in/ethqDS37 and the App Store https://lnkd.in/dV6a5EHi!

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    Thank you to Fintech Latvia Association for organizing such a fruitful event! Grateful for the opportunity to connect and exchange ideas with all the participants—your insights made this gathering invaluable for the #fintech community. Looking forward to continued collaboration and innovation together!🟢⬛️

    Šodien aizvadījām jau otro rudens cikla Fintech brokastu pasākumu. 🚀 Tas bija līdz šim viskuplāk apmeklētais pasākums, un ne velti – šo rītu iesākām aktīvi, ķeroties pie viena no #Fintech nozarei būtiskākajiem aspektiem – regulatīvās vides un infrastruktūras. Fintech Latvia Association vadītāja Tina Luse pasākumam sākoties uzsvēra, ka šie pasākumi ir patiesi vērtīga domu un viedokļu apmaiņa, kas pēc tam tiek formulēta arī ieteikumu veidā atbildīgajām iestādēm, lai kopā turpinātu strādāt pie šīs jomas uzlabošanas, domājot par jaunās Fintech stratēģijas definēšanu. Latvijas Banka Finanšu tehnoloģiju uzraudzības pārvaldes vadītāja Marine Krasovska iepazīstināja klātesošos ar to, kas līdz šim ir bijis Latvijas Banka fokusā un atbalsta mehānismu grozā, un kādas ir regulatora ieceres turpmāk. Kā būtiskākos atbalsta mehānismus Latvijas Banka minēja “regulatīvo smilšukastes” pieeju, pieeju SEPA, atbalstu pirms licencēšanās posmā, atbalstu inovatīviem risinājumiem, ceļa-karti šim procesam kopumā, u.c. Zvērināta advokāte, partnere zvērinātu advokātu birojā Sorainen Ramona Miglane sniedza skatu no malas – kas ir visbiežāk apspriestais klientu vidū licencēšanas posmā, ko no Latvijas🇱🇻 ekosistēmas viņi novērtē, bet kas varētu tikt uzlabots. Fintech uzņēmumi Latvijā novērtē regulatora pieejamību un sasniedzamību, izmaksas, atbalsta mehānismus, u.c., savukārt par uzlabojumiem vēlams domāt valodas ziņā, dažus no procesiem vedot ne tikai latviešu, bet arī angļu valodā, veicināt komunikāciju starp departamentiem un atsevišķos gadījumos izvērtēt detalizācijas pakāpi. 🎙️ Diskusijā, lai detalizētāk spriestu par šo tēmu, piedalījās Kristiāns Vunge, The Latvian Blockchain Association (LBAA) Valdes loceklis, Armands Broks, TWINO dibinātājs un uzņēmējs, Jānis Līcis, Paynt mārketinga nodaļas vadītājs, Sigita Kotlere, nectaro izpilddirektore un valdes locekle, Sandra Rituma, EMBA, CAMS, Magnetiq Bank valdes locekle, Marine Krasovska, Latvijas Banka Finanšu tehnoloģiju uzraudzības pārvaldes vadītāja, Ramona Miglane, Zvērināta advokāte, partnere zvērinātu advokātu birojā Sorainen. 🙌 Paldies par dalību pasākumā, paldies uzņēmumam Paynt un Jānis Līcis par uzņemšanu, tiekamies jau 📅 15. novembrī – nākamajā Fintech brokastu pasākumā, kas būs veltīts talantu pieejamības jautājumiem, un par kuru informēsim jau tuvākajā laikā! Fintech brokastis organizē Fintech Latvia Association kopā ar Latvijas Banka un Finanšu ministrija/ Ministry of Finance of the Republic of Latvia #FintechLatvia #LatvianFintech #FintechBrokastis #FintechStrategy

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  • View organization page for Magnetiq Bank, graphic

    2,552 followers

    Only 5 Days left until the Latvia Fintech Forum 2024! The clock is ticking, and excitement is building as the highly anticipated Latvia Fintech Forum on November 5 draws near. Our colleagues: 🟣Stanislavs Sinakovics, CAMS, Head of Bussiness Development; 🟣Julija Fescenko, Head of Marketing and Communications; 🟣Iveta Kerpe, Deputy Head of Bussiness Development;  are eager to forge connections, explore trends, and co-create transformative fintech solutions that will revolutionize the financial industry's landscape! Our services: ▫️Banking as a Service (BaaS) ▫️Safeguarding Accounts ▫️Payment Solutions ▫️eMerchant Services Let’s examine the latest advancements, discuss emerging trends, and collaborate on fintech solutions to redefine our industry! We are looking forward to connecting with you! You are welcome to send us a PM📧via LinkedIn. #FintechForumLatvia #MagnetiqBank  #FintechCommunity

  • View organization page for Magnetiq Bank, graphic

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    📢 We're hiring an IT Project Manager! We’re looking for a driven, proactive IT Project Manager who is ready to take charge of developing and improving our fintech services. As part of our team, you’ll manage projects from inception to delivery, collaborating closely with cross-functional teams to ensure timely, high-quality results. This role requires a unique blend of product ownership, business analytics, and project management expertise, especially for projects involving databases, data warehousing (DWH), and Visa/Mastercard products. Why Join Us? 🟢Contribute to impactful fintech projects that bridge technology and finance. 🟢Work in a dynamic, fast-paced environment with a passionate team. 🟢Enjoy a competitive salary, benefits, and opportunities for professional growth. If you have a background in IT project management, product ownership, and a passion for driving change in the financial services industry, we’d love to hear from you! Ready to make an impact? 📈 Apply now: https://lnkd.in/dDtDDJgr #ITProjectManager #FintechCareers #MagnetiqBank #Hiring

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