[{"data":1,"prerenderedAt":456},["ShallowReactive",2],{"theme-options":3,"header-options":5,"footer-options":7,"about":26,"header-menu":189,"footer-menu":210,"mobile-menu":260,"news":267},{"logo":4},"/_images/app-uploads-2021-11-logo.svg",{"ctaTitle":6},"Get In Touch",{"":8,"cta":9,"social":15,"copyright_text":25},null,{"title":10,"btn":11},"Ready to Get to Work Together?",{"title":12,"url":13,"target":14},"Book a consultation","/contacts/","",[16,19,22],{"icon":17,"url":18},"/_images/app-uploads-2021-12-facebook.svg","https://www.facebook.com/inventi",{"icon":20,"url":21},"/_images/app-uploads-2021-12-github.svg","https://github.com/inventi",{"icon":23,"url":24},"/_images/app-uploads-2021-12-linkedin.svg","https://www.linkedin.com/company/inventihq/","Inventi. All rights reserved.",{"intro":27,"timeline":32,"company":95,"logos":100,"team":151,"cta":182,"seo":186},{"section_title":28,"coloured_heading":29,"text":31},"01 - About Us",{"white":30,"green":14},"About Us","Since its inception in 2011, inventi aimed to serve the needs of large enterprises for \u003Cmark>mission critical\u003C/mark> bespoke software development. \u003Cbr />\r\n\u003Cbr />\r\nOver the years we have developed \u003Cmark>cutting-edge\u003C/mark>, \u003Cmark>complex\u003C/mark> and \u003Cmark>groundbreaking\u003C/mark> software solutions to some of the largest enterprises in the Baltics/Nordics region.",{"section_title":33,"coloured_heading":34,"text":37,"btn":14,"years":38,"lastYear":80,"yearsSorted":83},"02 - History",{"white":35,"green":36},"Our Track ","Record.","Explore our journey and get closer look into our amazing work accomplishments",[39,45,50,55,59,63,67,72,76],{"year":40,"side":41,"title":42,"text":43,"img":44},"2011","Left","Onboarding Platform","Creating a fully digital customer onboarding platform for one of the largest Nordic banks.",false,{"year":46,"side":47,"title":48,"text":49,"img":44},"2012","Right","Bespoke Core Banking System","Developing a next-generation core banking system from scratch.",{"year":51,"side":41,"title":52,"text":53,"img":54},"2013","Platform for Next Generation Digital Banking","Developing a middleware layer for one of the leading global digital banking services providers.","/_images/app-uploads-2021-12-timeline-img-1.jpeg",{"year":56,"side":47,"title":57,"text":58,"img":44},"2014","Core Banking Platform Components","Developing core banking platform components for a leading Lithuanian bank.",{"year":60,"side":41,"title":61,"text":62,"img":44},"2015","Store Management Platform","Store management platform for a convenience retailer with 15K+ global store locations.",{"year":64,"side":47,"title":65,"text":66,"img":44},"2016","Telco Back-Office Sales Platform","Storefront platform for a leading Baltic telecommunications provider.",{"year":68,"side":41,"title":69,"text":70,"img":71},"2018","Application for Mobile Payments","Supporting the development of first mobile payments application in Lithuania.","/_images/app-uploads-2021-12-timeline-img-2.jpeg",{"year":73,"side":47,"title":74,"text":75,"img":44},"2019","Fraud Prevention System","Developing a bespoke fraud prevention system for one of the largest financial institutions in the Nordic region.",{"year":77,"side":41,"title":78,"text":79,"img":44},"2020","Fintech Connector Suite","Launching a full suite of connectors and regulatory products for next generation financial service providers.",{"year":81,"side":47,"title":82,"text":14,"img":44},"2022","What’s Next in the Future?",{"left":84,"right":90},[85,86,87,88,89],{"year":40,"side":41,"title":42,"text":43,"img":44},{"year":51,"side":41,"title":52,"text":53,"img":54},{"year":60,"side":41,"title":61,"text":62,"img":44},{"year":68,"side":41,"title":69,"text":70,"img":71},{"year":77,"side":41,"title":78,"text":79,"img":44},[91,92,93,94],{"year":46,"side":47,"title":48,"text":49,"img":44},{"year":56,"side":47,"title":57,"text":58,"img":44},{"year":64,"side":47,"title":65,"text":66,"img":44},{"year":73,"side":47,"title":74,"text":75,"img":44},{"section_title":96,"title":97,"text":98,"img":99},"04 - Work Culture","Frictionless Work Environment","\u003Cp>At Inventi we aim to create a frictionless work environment to facilitate top talent performance. This regards the clearcut business processes, prompt decision making, flat organization structure, strong engineering culture, utilization of the latest technologies and wide set of employee incentives to ensure our team can operate at the highest level.\u003C/p>\n\u003Cp>Over the years we have delivered highly complex projects to leading business organizations. Our employee selection practices coupled with unique expertise-first work culture is key in delivering mission critical solutions on a regular basis.\u003C/p>\n","/_images/app-uploads-2022-01-dsc02086-1-scaled.jpg",{"section_title":101,"coloured_heading":102,"logos":105},"03 - References",{"white":103,"green":104},"The payments platform behind","50+ banks & PSPs",[106,109,112,115,118,121,124,127,130,133,136,139,142,145,148],{"logo":107,"url":108},"/_images/app-uploads-2022-01-revolut2x.png","https://www.revolut.com/en-LT",{"logo":110,"url":111},"/_images/app-uploads-2026-01-payabl492x160.png","https://payabl.com/",{"logo":113,"url":114},"/_images/app-uploads-2026-01-payhawk492x160.png","https://payhawk.com/",{"logo":116,"url":117},"/_images/app-uploads-2026-01-transfergo492x160-1.png","https://transfergo.com/",{"logo":119,"url":120},"/_images/app-uploads-2022-01-embank2x.png","https://em.bank/",{"logo":122,"url":123},"/_images/app-uploads-2026-01-saldo492x160final-1.png","https://www.saldo.com/",{"logo":125,"url":126},"/_images/app-uploads-2026-01-smebank492x160.png","https://smebank.lt/",{"logo":128,"url":129},"/_images/app-uploads-2022-01-gfbankas2x.png","https://www.gfbankas.lt/",{"logo":131,"url":132},"/_images/app-uploads-2026-01-steven.png","https://www.getsteven.com/",{"logo":134,"url":135},"/_images/app-uploads-2026-01-vialet.png","https://www.vialet.eu/",{"logo":137,"url":138},"/_images/app-uploads-2026-01-xpatefinal.png","https://xpate.com/",{"logo":140,"url":141},"/_images/app-uploads-2026-05-heurogrey492x160.png","https://heuro.com",{"logo":143,"url":144},"/_images/app-uploads-2026-01-ria.png","https://www.riamoneytransfer.com/",{"logo":146,"url":147},"/_images/app-uploads-2026-01-gurupay.png","https://gurupay.eu/",{"logo":149,"url":150},"/_images/app-uploads-2026-01-paynovate.png","https://www.paynovate.com/",{"section_title":152,"coloured_heading":153,"people":156},"05 - People",{"white":154,"green":155},"Meet Our ","Team.",[157,162,167,172,177],{"name":158,"position":159,"text":14,"image":160,"linkedin":161},"Žilvinas Kybartas","Co-Founder & CEO","/_images/app-uploads-2025-08-mg7085-scaled-e1756457834705.jpg","https://www.linkedin.com/in/%C5%BEilvinas-kybartas-b52b231/",{"name":163,"position":164,"text":14,"image":165,"linkedin":166},"Asta Meškerevičiūtė","Co-Founder & CBDO","/_images/app-uploads-2025-08-mg6995-scaled-e1756457968713.jpg","https://www.linkedin.com/in/asta-meskereviciute/",{"name":168,"position":169,"text":14,"image":170,"linkedin":171},"Gerda Dambrauskė","People & Business Partner","/_images/app-uploads-2023-12-mg7101-scaled-e1756458049136.jpg","https://www.linkedin.com/in/gerda-dambrausk%C4%97-474621190/",{"name":173,"position":174,"text":14,"image":175,"linkedin":176},"Antanas Radžius","PMO","/_images/app-uploads-2025-08-mg7166-scaled-e1756446161910.jpg","https://www.linkedin.com/in/antanas-rad%C5%BEius-225a3097/",{"name":178,"position":179,"text":14,"image":180,"linkedin":181},"Jonas Našliūnas","Head of Product Unit","/_images/app-uploads-2025-08-mg7312-scaled-e1756446329466.jpg","https://www.linkedin.com/in/jonas-nasliunas-95ab18111/",{"title":183,"btn":184},"New Talent is Always Welcome ",{"title":185,"url":13,"target":14},"Join Our Team",{"metaTitle":187,"metaDescription":188,"ogTitle":187,"ogDescription":188,"ogImg":8},"About us - inventi","Since its inception in 2011, inventi serves the needs of large enterprises for mission critical software development.",[190,194,197,200,203,207],{"title":191,"parent":192,"slug":193,"count":8},"Products","0","/products/",{"title":195,"parent":192,"slug":196,"count":8},"Services","/services/",{"title":198,"parent":192,"slug":199,"count":8},"Case Studies","/case-studies/",{"title":201,"parent":192,"slug":202,"count":8},"About us","/about-us/",{"title":204,"parent":192,"slug":205,"count":206},"Career","/career/",3,{"title":208,"parent":192,"slug":209,"count":8},"News","/news/",[211,226,249],{"title":212,"slug":213,"subItems":214},"About","#",[215,216,217,218,220,223],{"title":201,"slug":202,"count":8},{"title":204,"slug":205,"count":206},{"title":208,"slug":209,"count":8},{"title":219,"slug":13,"count":8},"Contacts",{"title":221,"slug":222,"count":8},"Privacy Policy","/privacy-policy/",{"title":224,"slug":225,"count":8},"🇪🇺 ES projektai","/news/uab-inventi-igyvendina-projekta-uab-inventi-darbuotoju-igudziu-ugdymas/",{"title":191,"slug":213,"subItems":227},[228,231,234,237,240,243,246],{"title":229,"slug":230,"count":8},"Payment Gateway","/products/payment-gateway/",{"title":232,"slug":233,"count":8},"Verification of Payee","/products/verification-of-payee/",{"title":235,"slug":236,"count":8},"Regulatory Reporting Connector","/products/regulatory-reporting-connector/",{"title":238,"slug":239,"count":8},"ISO20022 Connect","/products/iso20022-integration/",{"title":241,"slug":242,"count":8},"CESOP Compliance Solution","/products/cesop-reporting-solution/",{"title":244,"slug":245,"count":8},"PLAIS Connector","/products/plais-integration/",{"title":247,"slug":248,"count":8},"Digital Banking Fraud Prevention System","/products/digital-banking-fraud-prevention-system/",{"title":195,"slug":213,"subItems":250},[251,254,257],{"title":252,"slug":253,"count":8},"Back Office Software","/services/back-office-software/",{"title":255,"slug":256,"count":8},"Self-Service Portals","/services/self-service-portals/",{"title":258,"slug":259,"count":8},"Software for Fintech Startups","/services/software-for-fintech-startups/",[261,262,263,264,265,266],{"title":191,"parent":192,"slug":193,"count":8},{"title":195,"parent":192,"slug":196,"count":8},{"title":198,"parent":192,"slug":199,"count":8},{"title":201,"parent":192,"slug":202,"count":8},{"title":204,"parent":192,"slug":205,"count":206},{"title":208,"parent":192,"slug":209,"count":8},[268,295,305,321,340,359,369,379,389,399,409,422,432,442],{"title":269,"slug":270,"excerpt":271,"content":272,"seo":273,"strings":277,"related":282},"Inventi named FinTech Infrastructure of the Year at Baltic Fintech Awards","inventi-named-fintech-infrastructure-of-the-year-at-baltic-fintech-awards","Inventi won the FinTech Infrastructure of the Year award at Baltic Fintech Awards 2026, held in Riga this May.","\u003C!-- wp:image {\"id\":1120,\"width\":\"1008px\",\"height\":\"auto\",\"sizeSlug\":\"large\",\"linkDestination\":\"none\",\"className\":\"is-style-default\"} -->\n\u003Cfigure class=\"wp-block-image size-large is-resized is-style-default\">\u003Cimg src=\"/_images/app-uploads-2026-05-untitled-1900-x-1267-px-1024x683.png\" alt=\"\" class=\"wp-image-1120\" style=\"width:1008px;height:auto\" />\u003Cfigcaption class=\"wp-element-caption\">\u003Csub>\u003Cem>Photo by \u003C/em>Lukas\u003Cem> Bartkus\u003C/em>\u003C/sub>\u003C/figcaption>\u003C/figure>\n\u003C!-- /wp:image -->\n\n\u003C!-- wp:paragraph {\"style\":{\"spacing\":{\"padding\":{\"top\":\"0\",\"bottom\":\"0\",\"left\":\"0\",\"right\":\"0\"}}}} -->\n\u003Cp style=\"padding-top:0;padding-right:0;padding-bottom:0;padding-left:0\">Inventi has been named \u003Cstrong>FinTech Infrastructure of the Year\u003C/strong> at the \u003Cstrong>Baltic FinTech Awards\u003C/strong>, held during Baltic Fintech Days 2026 in Riga this May.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>The award recognises companies building the infrastructure behind modern financial services – the systems that help fintechs, banks and other licensed financial institutions launch, scale and operate reliably.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>For Inventi, this recognition means a lot.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>For more than 15 years, we have been building payment and regulatory infrastructure for licensed financial institutions across Europe. Our work sits behind the scenes: direct SEPA connectivity, SWIFT, TARGET2, regulatory reporting, Verification of Payee and other critical components that help our clients run payments and compliance operations in production.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>It is not always the loudest part of fintech. But it is the part that has to work every day.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:image {\"id\":1121,\"width\":\"970px\",\"height\":\"auto\",\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n\u003Cfigure class=\"wp-block-image size-large is-resized\">\u003Cimg src=\"/_images/app-uploads-2026-05-1a2a2567-1-1024x683.jpg\" alt=\"\" class=\"wp-image-1121\" style=\"width:970px;height:auto\" />\u003Cfigcaption class=\"wp-element-caption\">\u003Cem>\u003Csup>Photo by Lukas Bartkus\u003C/sup>\u003C/em>\u003C/figcaption>\u003C/figure>\n\u003C!-- /wp:image -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>This award is a recognition of the standards our team brings to that work: speed, stability, technical depth and consistency.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>A huge thank you to our team – this is your work, your problem-solving and your commitment to building infrastructure that clients can rely on.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>Thank you to our clients and partners for trusting us with the systems behind your payments and reporting operations.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>And thank you to \u003Cstrong>Baltic Fintech Days, Nordic Fintech Magazine, ROCKIT\u003C/strong>, and the jury for the recognition and for bringing the Baltic fintech ecosystem together.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>We are proud of this moment – and even more motivated for what comes next.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:image {\"id\":1125,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n\u003Cfigure class=\"wp-block-image size-large\">\u003Cimg src=\"/_images/app-uploads-2026-05-2-1-1-1024x979.jpeg\" alt=\"\" class=\"wp-image-1125\" />\u003C/figure>\n\u003C!-- /wp:image -->",{"metaTitle":274,"metaDescription":14,"ogTitle":274,"ogDescription":275,"ogImg":276},"Inventi named FinTech Infrastructure of the Year at Baltic Fintech Awards - inventi","Inventi has been named FinTech Infrastructure of the Year at the Baltic FinTech Awards, held during Baltic Fintech Days 2026 in Riga this May. The award recognises companies building the infrastructure behind modern financial services – the systems that help fintechs, banks and other licensed financial institutions launch, scale and operate reliably. For Inventi, this … Continued","/_images/app-uploads-2026-05-untitled-1900-x-1267-px-1024x683.png",{"section_title":278,"related_section_title":279,"related_section_heading":280,"related_cta":281},"01 - News","02 - Latest & Related","Related News","View All News",[283,287,291],{"title":284,"slug":285,"excerpt":286},"Connect to SWIFT Easily with Inventi","connect-to-swift-easily-with-inventi","Process international payments through SWIFT using Inventi’s API gateway - fast, secure, and fully compliant connectivity.",{"title":288,"slug":289,"excerpt":290},"Non-Bank PSPs Gain Direct Access to TARGET2 Services","non-bank-psps-gain-direct-access-to-target2-services","EMI's and PI's now have the right to direct participation in the Eurosystem’s T2. Learn how to enable your connection to the T2 ecosystem.",{"title":292,"slug":293,"excerpt":294},"How to solve the riddle of financial reporting to CRS, MAI55, FATCA and CESOP?","how-to-solve-the-riddle-of-financial-reporting-to-crs-mai55-fatca-and-cesop","Financial institutions manage complex compliance burdens like CRS, MAI55, FATCA, and CESOP using automated solutions discussed by Jonas Cirtautas.",{"title":284,"slug":285,"excerpt":286,"content":296,"seo":297,"strings":300,"related":301},"\u003C!-- wp:heading {\"level\":3} -->\n\u003Ch3>What is SWIFT and Why It Matters\u003C/h3>\n\u003C!-- /wp:heading -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>SWIFT is the global network that allows banks and financial institutions to exchange secure payment instructions.\u003Cbr>It doesn’t move money - it moves the messages that make money move.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>By joining SWIFT, organizations gain access to over 11,500 institutions worldwide. The network ensures compliance with global messaging standards such as MT and ISO 20022 and enables reliable, trackable, and transparent cross-border payments in multiple currencies. For any business handling international payments, SWIFT is the foundation of global financial communication.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:separator -->\n\u003Chr class=\"wp-block-separator\"/>\n\u003C!-- /wp:separator -->\n\n\u003C!-- wp:heading {\"level\":3} -->\n\u003Ch3>The Challenges of Connecting Directly to SWIFT\u003C/h3>\n\u003C!-- /wp:heading -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>Building and maintaining your own SWIFT connection is complex and expensive. It requires:\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:list {\"ordered\":true} -->\n\u003Col>\u003Cli>Significant investment in specialized infrastructure and software.\u003C/li>\u003Cli>Continuous compliance with SWIFT’s Customer Security Programme, including monitoring and audits.\u003C/li>\u003Cli>Technical expertise to manage ISO 20022 message formats and frequent updates.\u003C/li>\u003C/ol>\n\u003C!-- /wp:list -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>For most institutions, the cost and complexity of direct access outweigh the benefits.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:separator -->\n\u003Chr class=\"wp-block-separator\"/>\n\u003C!-- /wp:separator -->\n\n\u003C!-- wp:heading {\"level\":3} -->\n\u003Ch3>Inventi Simplifies SWIFT Connectivity\u003C/h3>\n\u003C!-- /wp:heading -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>Inventi’s Payment Gateway makes connecting to SWIFT fast, secure, and effortless. Our API links your systems directly to the global SWIFT network through the SWIFT Alliance Cloud - without the burden of managing infrastructure or compliance.\u003Cbr>You focus on serving your clients; we handle the rest.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>Inventi is an accredited SWIFT Enabler Partner, recognized for meeting SWIFT’s highest standards of security, reliability, and interoperability.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:separator -->\n\u003Chr class=\"wp-block-separator\"/>\n\u003C!-- /wp:separator -->\n\n\u003C!-- wp:heading {\"level\":3} -->\n\u003Ch3>Why Choose the Inventi Payment Gateway\u003C/h3>\n\u003C!-- /wp:heading -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>\u003Cstrong>Fast and Simple\u003C/strong>\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:list -->\n\u003Cul>\u003Cli>One API for SEPA and SWIFT payments. No multiple integrations or vendors.\u003C/li>\u003Cli>Go live in weeks, not months. We manage certification, testing, and setup.\u003C/li>\u003C/ul>\n\u003C!-- /wp:list -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>\u003Cstrong>Secure and Compliant\u003C/strong>\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:list -->\n\u003Cul>\u003Cli>Cloud-based infrastructure with disaster recovery and automated backups.\u003C/li>\u003Cli>Continuous compliance with SEPA and SWIFT standards keeps you audit-ready.\u003C/li>\u003C/ul>\n\u003C!-- /wp:list -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>\u003Cstrong>Flexible and Transparent\u003C/strong>\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:list -->\n\u003Cul>\u003Cli>REST API for building and managing custom payment workflows.\u003C/li>\u003Cli>Web interface for manual payment review and monitoring.\u003C/li>\u003Cli>Full support for SWIFT ST and GPI messages.\u003C/li>\u003C/ul>\n\u003C!-- /wp:list -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>\u003Cstrong>Proven and Trusted\u003C/strong>\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:list -->\n\u003Cul>\u003Cli>Official SWIFT Valued Added Service Enabler Partner, delivering solutions that meet the highest security and interoperability standards.\u003C/li>\u003C/ul>\n\u003C!-- /wp:list -->\n\n\u003C!-- wp:separator -->\n\u003Chr class=\"wp-block-separator\"/>\n\u003C!-- /wp:separator -->\n\n\u003C!-- wp:heading {\"level\":3} -->\n\u003Ch3>Start Sending Payments with Confidence\u003C/h3>\n\u003C!-- /wp:heading -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>Inventi connects your business to the global SWIFT ecosystem quickly and securely. Expand your payment reach, reduce complexity, and move money worldwide with confidence. \u003Ca href=\"https://inventi.io/contacts\">Contact us\u003C/a> to begin your SWIFT integration today.\u003C/p>\n\u003C!-- /wp:paragraph -->",{"metaTitle":298,"metaDescription":14,"ogTitle":298,"ogDescription":299,"ogImg":8},"Connect to SWIFT Easily with Inventi - inventi","What is SWIFT and Why It Matters SWIFT is the global network that allows banks and financial institutions to exchange secure payment instructions.It doesn’t move money – it moves the messages that make money move. By joining SWIFT, organizations gain access to over 11,500 institutions worldwide. The network ensures compliance with global messaging standards such … Continued",{"section_title":278,"related_section_title":279,"related_section_heading":280,"related_cta":281},[302,303,304],{"title":269,"slug":270,"excerpt":271},{"title":288,"slug":289,"excerpt":290},{"title":292,"slug":293,"excerpt":294},{"title":288,"slug":289,"excerpt":290,"content":306,"seo":307,"strings":310,"related":311},"\u003C!-- wp:paragraph -->\n\u003Cp>\u003Cstrong>The European payments landscape has fundamentally changed. After years of policy discussions and a final legislative push, Electronic Money Institutions (EMIs) and Payment Institutions (PIs) now have the right to direct participation in the Eurosystem’s TARGET2 (hereafter referred to as T2) payment system.\u003C/strong>\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>This change took effect on October 6, 2025, following amendments to the Settlement Finality Directive and the entry into force of \u003Ca href=\"https://www.ecb.europa.eu/pub/pdf/legal/ecb.leg_gui_2025_28.en.pdf\" data-type=\"URL\" data-id=\"https://www.ecb.europa.eu/pub/pdf/legal/ecb.leg_gui_2025_28.en.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Guideline ECB/2025/28\u003C/a>. The extension of access rights supports the goals of the Instant Payments Regulation, promoting competition, efficiency, and innovation across the Eurozone.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>The new framework is particularly relevant for payment service providers that handle large transaction volumes or operate across multiple settlement systems. From October 6, EMIs and PIs can have direct access to T2.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:separator -->\n\u003Chr class=\"wp-block-separator\"/>\n\u003C!-- /wp:separator -->\n\n\u003C!-- wp:heading {\"level\":3} -->\n\u003Ch3>\u003Cstrong>Benefits of Direct Access\u003C/strong>\u003C/h3>\n\u003C!-- /wp:heading -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>For authorized non-bank PSPs established in the EEA, direct access to T2 represents a major shift, unlocking advantages that were previously exclusive only to banks:\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:list -->\n\u003Cul>\u003Cli>Payments are executed in central bank money, significantly reducing credit and settlement risk compared to using commercial bank sponsors.\u003C/li>\u003Cli>PSPs can now manage their liquidity independently without relying on commercial bank sponsors or third-party infrastructure.\u003C/li>\u003Cli>Participants can reach over 39,000 system participants directly, ensuring faster, more transparent and more operationally resilient payment execution.\u003C/li>\u003Cli>Utilizing the same core infrastructure as banks provides a high level of operational resilience, essential for high-volume processors.\u003C/li>\u003C/ul>\n\u003C!-- /wp:list -->\n\n\u003C!-- wp:separator -->\n\u003Chr class=\"wp-block-separator\"/>\n\u003C!-- /wp:separator -->\n\n\u003C!-- wp:heading {\"level\":3} -->\n\u003Ch3>\u003Cstrong>Risk Management Principles for Direct Participants\u003C/strong>\u003C/h3>\n\u003C!-- /wp:heading -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>Non-bank participants seeking to join the system must meet strict conditions designed to ensure that their participation does not create risks to financial stability.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>Direct access is available to authorized PIs and EMIs established within the EEA. Access depends on arrangements within Member States that verify the adequacy of operational and risk management processes for non-bank payment service providers.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>These institutions are not eligible for Eurosystem credit, and standard remuneration rules apply, min (0, €STR-20bp). Accounts are used exclusively for settlement purposes and cannot be used to safeguard users’ funds. Balances must remain limited to what is strictly necessary to meet settlement obligations.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>Additionally, a maximum holding limit is defined for each participant to prevent liquidity concentration. This limit is typically set at twice the highest daily value of outgoing transfers over the past 12 months, and penalties apply if the limit is exceeded.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>Furthermore, PSPs must demonstrate compliance with the same operational and technical requirements as existing T2 participants, ensuring consistency in reliability, security, and risk management standards across all participants.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:separator -->\n\u003Chr class=\"wp-block-separator\"/>\n\u003C!-- /wp:separator -->\n\n\u003C!-- wp:heading {\"level\":3} -->\n\u003Ch3>\u003Cstrong>Application Process\u003C/strong>\u003C/h3>\n\u003C!-- /wp:heading -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>The official go-live date of October 6th means the application process is now fully open at National Central Banks (NCBs) across the Eurozone. Non-bank PSPs face a detailed procedure that combines general participation requirements with new obligations specific to their status:\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>\u003Cstrong>Specific to non-bank PSPs:\u003C/strong>\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:list -->\n\u003Cul>\u003Cli>Provision of a statement issued by the relevant National Competent Authority or signed by the PSP’s management body, renewed annually.\u003C/li>\u003Cli>Submission of information required to determine the individual maximum holding amount.\u003C/li>\u003C/ul>\n\u003C!-- /wp:list -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>\u003Cstrong>Applicable to all participants\u003C/strong>:\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:list -->\n\u003Cul>\u003Cli>Installation of secured IT infrastructure.\u003C/li>\u003Cli>Provision of self-attestation confirming compliance with T2 security requirements.\u003C/li>\u003Cli>Submission of reference data forms, legal opinions and completion of certification tests.\u003C/li>\u003C/ul>\n\u003C!-- /wp:list -->\n\n\u003C!-- wp:separator -->\n\u003Chr class=\"wp-block-separator\"/>\n\u003C!-- /wp:separator -->\n\n\u003C!-- wp:heading {\"level\":3} -->\n\u003Ch3>\u003Cstrong>Your Path to T2 Connectivity  \u003C/strong>\u003C/h3>\n\u003C!-- /wp:heading -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>To make the most of direct access to T2 Services, institutions need secure technical integration and ongoing operational resilience within the Eurosystem infrastructure. Achieving this requires expertise, compliance, and a reliable connection that meets the highest performance and security standards.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>Inventi provides a \u003Ca href=\"https://inventi.io/products/payment-gateway\" data-type=\"URL\" data-id=\"https://inventi.io/products/payment-gateway\">Payment Gateway\u003C/a> built for institutions that process large payment volumes and require central bank money settlement. The platform manages ISO 20022 messaging, security protocols, and Eurosystem connectivity testing, ensuring a smooth and compliant integration experience. By partnering with Inventi, PIs and EMIs gain direct access to T2, increase operational control, and can focus on service growth rather than infrastructure maintenance.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>\u003Ca href=\"https://inventi.io/contacts\" data-type=\"URL\" data-id=\"https://inventi.io/contacts\">Contact us\u003C/a> today to enable your connection to the T2 ecosystem with confidence.\u003C/p>\n\u003C!-- /wp:paragraph -->",{"metaTitle":308,"metaDescription":14,"ogTitle":308,"ogDescription":309,"ogImg":8},"Non-Bank PSPs Gain Direct Access to TARGET2 Services - inventi","The European payments landscape has fundamentally changed. After years of policy discussions and a final legislative push, Electronic Money Institutions (EMIs) and Payment Institutions (PIs) now have the right to direct participation in the Eurosystem’s TARGET2 (hereafter referred to as T2) payment system. This change took effect on October 6, 2025, following amendments to the … Continued",{"section_title":278,"related_section_title":279,"related_section_heading":280,"related_cta":281},[312,313,317],{"title":292,"slug":293,"excerpt":294},{"title":314,"slug":315,"excerpt":316},"Inventi Launches A Digital Banking Fraud Prevention System","inventi-launches-a-digital-banking-fraud-prevention-system","Nordic financial software developer Inventi launches Digital Banking Fraud Prevention System as a stand-alone product.",{"title":318,"slug":319,"excerpt":320},"Inventi SEPA Connector Adds SEPA Instant CT Support","inventi-sepa-connector-adds-sepa-instant-ct-support","Leading Nordic financial software developer Inventi added SEPA Instant Credit Transfer (SCT Inst) support to its SEPA Connector suite. ",{"title":292,"slug":293,"excerpt":294,"content":322,"seo":323,"strings":326,"related":327},"\u003C!-- wp:heading {\"level\":4} -->\n\u003Ch4>At a time when financial transparency is not only valued but also mandatory, financial market participants are forced to navigate a complex maze of reporting obligations. The CRS, MAI55, FATCA, and CESOP regulations aim to combat tax avoidance and ensure integrity in financial markets, but they impose a significant compliance burden on financial institutions worldwide. How can market participants effectively manage these obligations? Is there a way to streamline compliance processes without compromising accuracy and reliability? In this interview, Jonas Cirtautas, Product Manager at Inventi, discusses the value of an automated solution in facilitating regulatory reporting and ensuring compliance with CRS, MAI55, FATCA, and CESOP requirements.\u003C/h4>\n\u003C!-- /wp:heading -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>\u003Cstrong>What are the biggest challenges faced by payment institutions when reporting?\u003C/strong>\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>One of the more significant challenges is the information system for financial institution reporting to the Lithuanian State Tax Inspectorate and its requirements. Through long-term service we understand well how this system works, as the requirements are somewhat complex and can be difficult to adhere to.  \u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>In terms of CESOP compliance for payment institutions, the challenges are even more unique. The requirements, processes, and reporting formats of the tax systems of the 27 EU countries are different, and they significant time and resource investment to fully comprehend. Some market participants may need access to certain countries unexpectedly, as organizations may be unable predict which countries their clients will make money transfers to or from. Reporting can, therefore, take a lot of time and effort.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>Recognizing that this is a substantial administrative burden for market participants, requiring significant time, resources, and process knowledge, we help them to overcome these challenges. The clients upload the data to us, and we provide them an already compliant file in the correct format for that EU Member State and verified for a successful submission.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>\u003Cstrong>Which companies are interested in an automated solution?\u003C/strong>\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>Our solution is designed for financial market participants’ reporting - fintech, banks, and other payment institutions licensed by the Bank of Lithuania, which are obliged to submit daily and annual reports to the State Tax Inspectorate of the Republic of Lithuania (STI) for the following reports: \u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>- The Common Reporting Standard (CRS), \u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>- FATCA (Foreign Account Tax Compliance Act), \u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>- In accordance to Article 55 of the Law on Tax Administration of the Republic of Lithuania (MAI55).\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>The reporting service is also available to companies operating in any country in the world with activities in Europe, which must report to some, or all of the 27 European Union (EU) countries' public financial institutions under the CESOP (Central Electronic System of Payment Information) regulation.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>\u003Cstrong>Is the reporting solution scalable to accommodate the growth and development of payment institutions?\u003C/strong>\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>Our mission is to ensure an easy compliance process for all organizations - from the smallest to the largest. We are equipped to handle both small and vast amounts of data.  \u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>\u003Cstrong>You say it's suitable for both large and small businesses?\u003C/strong>\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>One of the advantages of our system is that it comes in 2 operating models. The first one, which we recommend for larger organizations, is integrated directly into the client's IT system, and the data to generate reports is obtained without the client's manual involvement; they just need to press a button. Why do we recommend it for larger companies? This solution requires an investment in the client's existing IT infrastructure, which needs to be prepared for specific changes and is suitable for large data volumes. However, the investment pays for itself over time.  \u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>For smaller companies, we offer a more straightforward solution: we generate reports based on the client's data in Excel format. This system model is particularly relevant for start-ups that need to get to market as quickly as possible and with as little investment as possible. Our solution takes much of the work of preparation off their shoulders.  \u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>\u003Cstrong>Which roles can benefit most from this solution?\u003C/strong>\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>The solution would make the work of compliance managers and specialists much easier in larger organizations. In smaller organizations, it will help data analysts, operations managers, and finance staff work in compliance. \u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>We simplify their work by providing automated data reporting. Suppose the volume of data is not huge, and there is no need for IT intervention. In that case, almost everything can be handled for the customer without investing in additional technical work for integration with the tax office.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>\u003Cstrong>What are the main advantages besides saving time and resources?\u003C/strong>\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>The most significant advantage is that we can substantially reduce the headache of compliance. We have a deep understanding of these data requirements and a clear understanding of our client's needs. We have translated the system's technical specifications into plain language to make it easy for customers to understand how it works. We are also constantly improving the system and ensuring it meets the latest requirements and latest validations. For example, now that we know that new technical specifications will be required for CESOP reporting next year, we are already preparing the relevant updates.  \u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>\u003Cstrong>What problems can it help prevent?\u003C/strong>\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>For example, if companies provide incorrect data, it may be rejected, and the reasons for rejection and suggestions for corrections are sent back in technical language requiring an understanding of the technical specifications. \u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>We translate the information about errors into human language and allow them to be corrected directly by logging into our system so that the customer does not have to do it manually. In addition, we have built in our own additional rules that automatically prevent the submission of incorrect data, which protects the customer from processing such data and then needing time to correctly submit the corrections required.   \u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>\u003Cstrong>Why is reporting automation seen as a tool for successful compliance, and what is its precise value to companies?\u003C/strong>\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>- Reduces human data collection and reporting errors and consistently applies regulatory rules. \u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>- Simplifies the compliance process by significantly reducing the time and resources spent on manual data processing. \u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>- The solution is continuously updated to meet new requirements.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>- Automation reduces the risk of non-compliance and the consequent high fines.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>- Allows institutions to reallocate resources to areas that add more value to the business rather than devoting them to manual compliance processes.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>- Improves data integrity and security, essential when handling sensitive financial information.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>- Businesses that manage compliance effectively can react more quickly to market and regulatory changes, giving them a competitive advantage by reducing their compliance investments.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>\u003Cstrong>Where do I go to start benefiting from the solution today?\u003C/strong>\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>Contact Inventi. We offer not only a system but a partnership that accompanies our clients on their complex journey through compliance. We help you understand, advise you on all the issues, and resolve challenges promptly. We can be a partner from the very first steps of a payment institution in the market.\u003C/p>\n\u003C!-- /wp:paragraph -->",{"metaTitle":324,"metaDescription":14,"ogTitle":324,"ogDescription":325,"ogImg":8},"How to solve the riddle of financial reporting to CRS, MAI55, FATCA and CESOP? - inventi","At a time when financial transparency is not only valued but also mandatory, financial market participants are forced to navigate a complex maze of reporting obligations. The CRS, MAI55, FATCA, and CESOP regulations aim to combat tax avoidance and ensure integrity in financial markets, but they impose a significant compliance burden on financial institutions worldwide. … Continued",{"section_title":278,"related_section_title":279,"related_section_heading":280,"related_cta":281},[328,332,336],{"title":329,"slug":330,"excerpt":331},"Nium picks Inventi’s STI Connector for regulatory reporting","nium-picks-inventis-sti-connector-for-regulatory-reporting","Nium, a global leader in modern money movement, will use Inventi STI Connector for regulatory reports.",{"title":333,"slug":334,"excerpt":335},"Phoenix Payments Selects Inventi For Regulatory Report Automation","phoenix-payments-selects-inventi-for-regulatory-report-automation","Phoenix Payments will use Inventi STI Connector to streamline regulatory reporting to the Lithuanian State Tax Inspectorate.",{"title":337,"slug":338,"excerpt":339},"Inventi updates STI Connector with FATCA and CRS reporting","inventi-updates-sti-connector-with-fatca-and-crs-reporting","Inventi SaaS integration with State Tax Inspectorate will now support automated FATCA and CRS tax report submission to TIES system.",{"title":341,"slug":342,"excerpt":343,"content":344,"seo":345,"strings":348,"related":349},"Inventi and Kernolab acquire key services and customer portfolio from Paysolut","as-fintech-mergers-and-acquisition-deals-become-more-frequent-companies-inventi-kernolab-find-a-new-way-to-strengthen-their-position-in-the-market","As fintech mergers and acquisition deals become more frequent, companies Inventi & Kernolab find a new way to strengthen their position in the market.","\u003C!-- wp:heading {\"textAlign\":\"left\",\"level\":4} -->\n\u003Ch4 class=\"has-text-align-left\">\u003Cstrong>Global Fintech M&A started to increase significantly in the first half of 2022. At the beginning of 2023, fintech businesses began actively acquiring customers and merging key operations. This trend seems to be paying off for businesses that want to improve efficiency, streamline access to the market and strengthen their position in it.\u003C/strong>\u003C/h4>\n\u003C!-- /wp:heading -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>\u003Cstrong>January 31, 2022.\u003C/strong> After decade-long Fintech investment prospects and expansion, the number of new Fintech companies has \u003Ca href=\"https://www.advisorpedia.com/fintech/fintech-trends-for-2023-separating-the-wheat-from-the-chaff/\">decreased\u003C/a> by 85% since 2020. In parallel, Fintech M&A activity has been on an \u003Ca href=\"https://beinsure.com/fintech-ma-market-2h2022-trends-deals-valuation/\">upward trajectory\u003C/a>, increasing 46% compared to 2021, and a 70% increase when compared to the pre-pandemic (2019) figures. \u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>According to analysts, M&A peaks will not be short-lived, especially considering current supply chain difficulties and global recession concerns. The current economic crisis forces companies to lower risks and make budget cuts, resulting in significant \u003Ca href=\"https://techcrunch.com/2023/01/15/so-much-fintech-ma/\">layoffs\u003C/a>. These variables will accelerate the importance of considering M&A opportunities. However, it is a massive \u003Ca href=\"https://www.pwc.com/gx/en/services/deals/trends/financial-services.html\">prospect\u003C/a> for companies that tend to increase their market share faster while limiting competition and strengthening their position in the market.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph {\"align\":\"left\"} -->\n\u003Cp class=\"has-text-align-left\">One of the examples is the collaborating Fintech companies \u003Ca href=\"https://inventi.io\">Inventi\u003C/a> and \u003Ca href=\"https://kernolab.com/\">Kernolab\u003C/a> which announced the acquisition of key services and customers from \u003Ca href=\"https://www.paysolut.com/\">Paysolut\u003C/a> —  a core banking system provider. This move represents a new trend within the Fintech Industry as recent investment grants Inventi and Kernolab an opportunity to expand their reach, offer more comprehensive solutions to their clients, and solidify their presence in the European market further.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>\"The acquisition of Paysolut's customer portfolio strengthens our strategic position in SEPA payments, as leaders of local Regulatory Connector integration into the client's banking engine. We are working closely with the Bank of Lithuania to ensure that the transition is as smooth as possible as we are currently in the process of coordinating individual migration plans for our new clients,\" said Asta Meškerevičiūtė, CBDO of Inventi.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>After the acquisition, Inventi became the largest service provider of SEPA gateway through the Bank of Lithuania, which provides connectivity to the international payment network. At the same time, Kernolab took over Paysolut Core Banking System delivery services. According to Kernolab co-founder and CEO Vachtangas Babunasvili, this takeover is a strategic move to reinforce its position as a leading supplier of Core technology to Electronic Money Institutions (EMIs) as well as strengthen its embedded finance offering. \u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>\"Together with Paysolut we have developed a tailor-made solution to facilitate the customer handover process. After the acquisition, we will be able to focus on developing innovative solutions that enable financial and fintech institutions to process payments smoothly and efficiently,\" said Mr. Babunasvili.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>According to Andrius Minkevičius, CEO of Paysolut, it took careful consideration to whom the company could pass on their clients. \u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>“Our concern for the continuity of the client service operations helped us find a solution with Inventi and Kernolab. I am delighted to know we are leaving our customers in the very capable hands of our strongest competitors. We are now working closely together to ensure a smooth transition,” Minkevičius commented. \u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>Other major M&A deals, such as \u003Ca href=\"https://www.polygon.com/23546288/microsoft-activision-blizzard-acquisition-deal-merger-ftc-latest-news\">Microsoft's acquisition\u003C/a> of Activision Blizzard, can also be expected in 2023. The fintech sector is changing as the macro climate tightens and investors focus more on efficiency and less on growth. Changes, on the other hand, are likely to strengthen, focus, and stabilize the sector.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>\u003Cstrong>About “Inventi”\u003C/strong>\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>\u003Cem>\"Inventi\" is an industry-leading software development, systems design, and SaaS solution provider, delivering top-scale integrations for Financial institutions and FinTechs. \u003C/em>\u003Cem>Over the years they have developed cutting-edge, complex and groundbreaking software solutions to some of the largest enterprises in the Baltics/Nordics region. For more info visit \u003C/em>\u003Ca href=\"https://inventi.io/\">\u003Cem>inventi.io\u003C/em>\u003C/a>\u003Cem> \u003C/em>\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>\u003Cstrong>About “Kernolab”\u003C/strong>\u003Cem>\"Kernolab\" is\u003C/em>\u003Cem> building a platform to shape the future of financial services.The startup provides businesses with any number of modular, out-of-the-box solutions that allow them to integrate fintech services including payments, accounts, cards, lending, and soon, insurance products into their set of capabilities. For more info visit \u003C/em>\u003Ca href=\"https://kernolab.com/\">\u003Cem>kernolab.com\u003C/em>\u003C/a>\u003Cem>\u003C/em>\u003C/p>\n\u003C!-- /wp:paragraph -->",{"metaTitle":346,"metaDescription":14,"ogTitle":346,"ogDescription":347,"ogImg":8},"Inventi and Kernolab acquire key services and customer portfolio from Paysolut - inventi","Global Fintech M&A started to increase significantly in the first half of 2022. At the beginning of 2023, fintech businesses began actively acquiring customers and merging key operations. This trend seems to be paying off for businesses that want to improve efficiency, streamline access to the market and strengthen their position in it. January 31, … Continued",{"section_title":278,"related_section_title":279,"related_section_heading":280,"related_cta":281},[350,354,355],{"title":351,"slug":352,"excerpt":353},"Inventi presents Connector product suite for next generation fintech services","inventi-presents-connector-product-suite-for-next-generation-fintech-services","The products offer effortless SEPA integration and regulatory connections with State Tax Inspectorate and State Enterprise Centre of Registers.",{"title":318,"slug":319,"excerpt":320},{"title":356,"slug":357,"excerpt":358},"Saldo Finance picks full Inventi Connector bundle to plug-and-play into wider European market","saldo-finance-picks-full-inventi-connector-bundle-to-plug-and-play-into-wider-european-market","Saldo Finance will use Inventi’s SEPA CT, SEPA Instant CT, STI and PLAIS Connectors for payment processing, regulatory reporting and cash restrictions",{"title":356,"slug":357,"excerpt":358,"content":360,"seo":361,"strings":364,"related":365},"\u003C!-- wp:paragraph -->\n\u003Cp>\u003Cstrong>Saldo Finance will use Inventi’s SEPA CT and SEPA Instant CT Connectors for SEPA payment processing, STI Connector for regulatory reporting to the Lithuanian State Tax Authority and PLAIS Connector to integrate with the Lithuanian Center of Registers. \u003C/strong>\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>Founded in 2006, Saldo Finance provides financial services to consumers and SMEs in Finland, Sweden and Lithuania. In October 2021 Saldo Finance was granted an ECB’s specialized banking license in Lithuania, opening up the possibility of operations in all European Union countries.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>Saldo’s unique competitive strength is based on a fully automated lending process with a proprietary scoring system that enables fast and secure, customized loan offers in a responsible way, while taking into account the market characteristics in different countries. \u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>“Access to payment processing will not only improve Saldo’s existing operations, but mark a new chapter for our introduction of new financial services. Inventi expertise and products help us to keep the momentum for growth and focus our development resources on our unique product portfolio,” says CEO at Saldo Finance Jarkko Mäensivu.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>Inventi Connectors were launched to cover the backbone of fintech operations. SEPA Connector provides an effortless SEPA access via CENTROLink platform. STI Connector automates the reporting procedures with the State Tax Inspectorate of Republic of Lithuania. PLAIS Connector automates the handling of account Locking, authorisation holds, amount Transfers (write-offs) and hold cancellation requests.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>“SEPA access or regulatory connections have long become a commodity. There is no value for fintechs to devote time and resources to in-house development tasks that do not provide a competitive edge. Saldo Finance presents an ideal case, where the use of plug-and-play products reduce complexity and time-to-market,” says Head of products at Inventi Jonas Nasliunas.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>Inventi Connectors are available as subscription-based SaaS products, with Inventi ensuring continuous support and product updates. In the words of Jonas Nasliunas, this approach helps to clearly estimate long-term operational costs.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>Saldo Finance is powered by Mambu’s cloud banking platform, where Inventi Connector products are available as ‘off-the-shelf’ plugins. \u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>“Inventi is a trusted partner, with its payment processing capabilities augmenting the Mambu core. This project with our customer Saldo Finance is an example of the versatility of our cloud banking platform. Built as a composable toolkit, Mambu allows financial service providers to design atop our technology to best fit their needs. We look forward to working together and keeping innovation high for the established consumer lender as it shapes modern financial experiences for its customers in the Nordics,” Serkan Ünal, Head of Partners for Northern & Central Europe at Mambu\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>\u003Cstrong>About Inventi | \u003Ca href=\"https://inventi.io/\">www.inventi.io\u003C/a> \u003C/strong>\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>Inventi develops back-office software for leading finance, fintech and large enterprise customers. The company serves leading banks in the Nordic region, as well as the most promising providers of next generation financial services. With extensive industry expertise and superstar engineering, Inventi ensures that the software development process will be smooth from start to finish.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>\u003Cstrong>About Saldo Finance | \u003Ca href=\"https://www.saldo.com/\">www.saldo.com\u003C/a>\u003C/strong>\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>UAB Saldo Finance is a fast and responsible loan provider in Finland, Sweden and Lithuania. The company was recently granted a specialized banking license by The European Central Bank (ECB). Saldo’s unique competitive strength is based on a fully automated lending process with a proprietary scoring system that enables fast, secure and personalized loan offers in a responsible way. \u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>\u003Cstrong>About Mambu | \u003Ca href=\"https://mambu.com/\">\u003C/a>\u003Ca href=\"http://www.mambu.com/\">www.mambu.com\u003C/a>\u003C/strong>\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>Mambu is the world’s only true SaaS cloud banking platform. Launched in 2011, Mambu fast-tracks the design and build of nearly any type of financial offering for banks of all sizes, lenders, fintechs, retailers, telcos and more. Our unique composable approach means that independent components, systems and connectors can be assembled in any configuration to meet business needs and end user demands. Mambu has 900 employees​ that support 230 customers in over 65 countries - including Western Union, Commonwealth Bank of Australia, N26, BancoEstado, OakNorth, Raiffeisen Bank, ABN AMRO, Bank Islam and Orange Bank.\u003C/p>\n\u003C!-- /wp:paragraph -->",{"metaTitle":362,"metaDescription":14,"ogTitle":362,"ogDescription":363,"ogImg":8},"Saldo Finance picks full Inventi Connector bundle to plug-and-play into wider European market - inventi","Saldo Finance will use Inventi’s SEPA CT and SEPA Instant CT Connectors for SEPA payment processing, STI Connector for regulatory reporting to the Lithuanian State Tax Authority and PLAIS Connector to integrate with the Lithuanian Center of Registers.  Founded in 2006, Saldo Finance provides financial services to consumers and SMEs in Finland, Sweden and Lithuania. … Continued",{"section_title":278,"related_section_title":279,"related_section_heading":280,"related_cta":281},[366,367,368],{"title":318,"slug":319,"excerpt":320},{"title":333,"slug":334,"excerpt":335},{"title":314,"slug":315,"excerpt":316},{"title":329,"slug":330,"excerpt":331,"content":370,"seo":371,"strings":374,"related":375},"\u003C!-- wp:paragraph -->\n\u003Cp>\u003Cstrong>\u003Ca href=\"https://www.nium.com/\" data-type=\"URL\" data-id=\"https://www.nium.com/\">Nium\u003C/a>, a global leader in modern money movement, will use \u003Ca href=\"https://inventi.io/products/ties-integration/\" data-type=\"URL\" data-id=\"https://inventi.io/products/ties-integration/\">Inventi STI Connector\u003C/a> for regulatory reports. Inventi STI Connector will generate and submit MMR-SASK, balance, CRS, FATCA and turnover reports to the Lithuanian State Tax Inspectorate.\u003C/strong>\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>Nium provides banks, payment providers, and businesses of any size with access to global payment and card issuance services. On the Nium platform businesses are able to pay out in more than 100 currencies to over 190 countries – 100 of which are served in real time. Nium’s license portfolio covers 11 of the world’s jurisdictions. Nium was granted an electronic money institution (EMI) license by the Bank of Lithuania in 2017.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>“In Inventi we found a dependable partner to serve our regulatory reporting needs. Even with the global nature of our business, serving clients on multiple continents, the STI Connector will ensure steadfast regulatory compliance. We especially welcome the SaaS product nature, which sports a plug-and-play integration, offers continuous updates, and allows Nium to devote our technical resources towards development of our core products” - says COO and Co-founder of Nium Pratik Gandhi.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>The data for State Tax Inspectorate reports will be ingested via a platform-agnostic STI Connector API, which will integrate directly with the Nium banking core. In addition to automated reports, STI Connector will offer a manual reporting workflow feature. Both these functionalities were introduced in the latest STI Connector product update.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>“We are excited to bring Nium into our fintech family. With more than 195 markets served, and service access for more than 135 million end customers, Nium showcases the capabilities of our STI Connector to serve the needs of largest global next generation financial service providers” - says Head of Products at Inventi Jonas Nasliunas.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>Inventi also offers SaaS products for SEPA and SEPA Instant payments integration. Inventi Connector product suite was launched to simplify the core features of fintech operations, reducing development costs and time-to-market for new entrants. \u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>\u003Cstrong>About Nium | \u003Ca href=\"https://www.nium.com/\" data-type=\"URL\" data-id=\"https://www.nium.com/\">www.nium.com\u003C/a>\u003C/strong>\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>Nium is the global platform for modern money movement. It provides banks, payment providers, and businesses of any size with access to global payment and card issuance solutions. Its modular platform powers frictionless commerce, helping businesses pay and get paid across the globe. Once connected to the Nium platform, businesses are able to pay out in more than 100 currencies to over 190 countries – 100 of which in real time. Funds can be received in 27 markets, including Southeast Asia, UK, Hong Kong, Singapore, Australia, India, and the US. Nium’s growing card issuance business is already available in 34 countries, including Europe (SEPA), the UK, Australia and Singapore. Nium’s license portfolio covers 11 of the world’s jurisdictions, enabling seamless global payments and rapid integration, regardless of geography.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>\u003Cstrong>About Inventi | \u003Ca href=\"https://inventi.io/\" data-type=\"URL\" data-id=\"https://inventi.io/\">www.inventi.io\u003C/a>\u003C/strong>\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>Inventi develops back-office software for leading finance, fintech and large enterprise customers. The company serves leading banks in the Nordic region, as well as the most promising providers of next generation financial services. With extensive industry expertise and superstar engineering, Inventi ensures that the software development process will be smooth from start to finish.\u003C/p>\n\u003C!-- /wp:paragraph -->",{"metaTitle":372,"metaDescription":14,"ogTitle":372,"ogDescription":373,"ogImg":8},"Nium picks Inventi’s STI Connector for regulatory reporting - inventi","Nium, a global leader in modern money movement, will use Inventi STI Connector for regulatory reports. Inventi STI Connector will generate and submit MMR-SASK, balance, CRS, FATCA and turnover reports to the Lithuanian State Tax Inspectorate.",{"section_title":278,"related_section_title":279,"related_section_heading":280,"related_cta":281},[376,377,378],{"title":337,"slug":338,"excerpt":339},{"title":318,"slug":319,"excerpt":320},{"title":351,"slug":352,"excerpt":353},{"title":333,"slug":334,"excerpt":335,"content":380,"seo":381,"strings":384,"related":385},"\u003C!-- wp:paragraph -->\n\u003Cp>\u003Cstrong>\u003Ca href=\"https://phoenix-payments.com/\" data-type=\"URL\" data-id=\"https://phoenix-payments.com/\">Phoenix Payments\u003C/a> will use Inventi \u003Ca href=\"https://inventi.io/products/ties-integration\" data-type=\"URL\" data-id=\"https://inventi.io/products/ties-integration\">STI Connector\u003C/a> to streamline regulatory reporting to the \u003Ca href=\"https://www.vmi.lt/evmi/\" data-type=\"URL\" data-id=\"https://www.vmi.lt/evmi/\">Lithuanian State Tax Inspectorate\u003C/a>. Inventi STI Connector automates data exchange with the state tax authority, significantly simplifying compliance procedures.\u003C/strong>\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>Phoenix Payments is an electronic money institution, focused on alternative banking and payment solutions. Phoenix Payments is among 10 largest Lithuania-based fintech entities based on turnover. \u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>The EMI offers IBAN accounts and SEPA payment processing for individuals and businesses merchants. Phoenix Payments also plans to introduce SWIFT payments and debit card issuing in the near future. The Lithuania licenced fast-growing financial institution serves customers across 75 countries.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>“We pride ourselves in cross-border finance expertise, serving multinational businesses and online merchants. With fast growth of our customer base - making into top 10 of largest Lithuanian fintechs, as well as introduction of new services, steadfast regulatory compliance is at the core of our business. Inventi STI connector significantly reduces human resources required for compliance reports and mitigates the risk of reporting errors, so more of our effort can be focused on growing our business” - says Head of AML Compliance and Risk at Phoenix Payments \u003Ca href=\"https://www.linkedin.com/in/vilius-peckaitis/\" data-type=\"URL\" data-id=\"https://www.linkedin.com/in/vilius-peckaitis/\">Vilius Peckaitis\u003C/a>.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>Inventi STI Connector integrates with the TIES information system, owned by the State Tax Inspectorate of Republic of Lithuania. The connector aggregates the required data at the financial institution and automatically produces compliance reports, including reports on opened and closed accounts, annual turnover, account reports, FATCA and CRS reports on foreign nationals.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>In addition to automated reporting, a manual reporting mode was added in the latest product update. In the manual workflow, a compliance officer may manually upload the report file to the STI Connector platform. STI Connector will validate the data, check the report for errors, and submit it to the State Tax Inspectorate. It will also handle additional comments or corrections requested by the regulator.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>“The manual reporting mode was developed as a cost-efficient solution for smaller fintech entities, which are just starting out and serve a limited number of customers. Yet it is effortless to transition to the fully automated reporting solution when the business grows” - notes Head of Products at Inventi \u003Ca href=\"https://www.linkedin.com/in/jonas-nasliunas-95ab18111/\" data-type=\"URL\" data-id=\"https://www.linkedin.com/in/jonas-nasliunas-95ab18111/\">Jonas Nasliunas\u003C/a>.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>In addition to STI Connector, Inventi also offers a plug-and-play SEPA gateway for SEPA access via CENTROLink platform and a PLAIS Connector - to automate account locking, authorisation hold, amount transfer and hold cancellation requests.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>“Our Connector product suite covers the main operational and regulatory fintech processes. Instead of developing something that ‘is already built and proven’, even new market entrants can focus their technology effort on new features and building a better product” - adds Jonas Nasliunas.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>\u003Cstrong>About Inventi | \u003Ca href=\"https://inventi.io/\" data-type=\"URL\" data-id=\"https://inventi.io/\">www.inventi.io\u003C/a> \u003C/strong>\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>Inventi develops back-office software for leading finance, fintech and large enterprise customers. The company serves leading banks in the Nordic region, as well as the most promising providers of next generation financial services. With extensive industry expertise and superstar engineering, Inventi ensures that the software development process will be smooth from start to finish.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>\u003Cstrong>About Phoenix Payments | \u003Ca href=\"https://phoenix-payments.com/\" data-type=\"URL\" data-id=\"https://phoenix-payments.com/\">www.phoenix-payments.com \u003C/a>\u003C/strong>\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>Phoenix Payments UAB is an electronic money institution licensed in Lithuania, focused on alternative banking and payment solutions. We offer IBAN accounts, processing of SEPA payments for individuals and businesses merchants, and providing secure and simple internet banking.\u003C/p>\n\u003C!-- /wp:paragraph -->",{"metaTitle":382,"metaDescription":14,"ogTitle":382,"ogDescription":383,"ogImg":8},"Phoenix Payments Selects Inventi For Regulatory Report Automation - inventi","Phoenix Payments will use Inventi STI Connector to streamline regulatory reporting to the Lithuanian State Tax Inspectorate. Inventi STI Connector automates data exchange with the state tax authority, significantly simplifying compliance procedures.",{"section_title":278,"related_section_title":279,"related_section_heading":280,"related_cta":281},[386,387,388],{"title":318,"slug":319,"excerpt":320},{"title":337,"slug":338,"excerpt":339},{"title":351,"slug":352,"excerpt":353},{"title":318,"slug":319,"excerpt":320,"content":390,"seo":391,"strings":394,"related":395},"\u003C!-- wp:paragraph -->\n\u003Cp>\u003Cstrong>Leading Nordic financial software developer \u003Ca href=\"https://inventi.io/\" target=\"_blank\" rel=\"noreferrer noopener\">Inventi\u003C/a> added SEPA Instant Credit Transfer (SCT Inst) support to its \u003Ca href=\"https://inventi.io/products/sepa-integration\" data-type=\"URL\" data-id=\"https://inventi.io/products/sepa-integration\" target=\"_blank\" rel=\"noreferrer noopener\">SEPA Connector\u003C/a> suite. SEPA Connector by Inventi provides a plug-and-play integration to access the Single European Payments Area. Aimed at the providers of next-generation financial services, SEPA Connector simplifies fintech operations and reduces time-to-market for new entrants.\u003C/strong>\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>Inventi \u003Ca href=\"https://inventi.io/products/sepa-integration\" data-type=\"URL\" data-id=\"https://inventi.io/products/sepa-integration\">SEPA Connector\u003C/a> provides access to Single European Payments Area (SEPA) via the \u003Ca href=\"https://www.lb.lt/en/centrolink\" data-type=\"URL\" data-id=\"https://www.lb.lt/en/centrolink\" target=\"_blank\" rel=\"noreferrer noopener\">CENTROlink platform\u003C/a>, owned by \u003Ca href=\"https://www.lb.lt/en/lb-about-us\" data-type=\"URL\" data-id=\"https://www.lb.lt/en/lb-about-us\" target=\"_blank\" rel=\"noreferrer noopener\">the Bank of Lithuania\u003C/a>. This platform can be utilized by any financial service provider, licensed in the European Economic Area (EEA). \u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>SEPA Connector deploys via a platform-agnostic API to support any core banking platform used by the client. It also comes with a graphic user interface for manual operation handling.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>“Lithuania is a major hub for European electronic money and payment institutions. In addition to clearcut regulation framework and low-cost SEPA access via CENTROLink, our connector products suite provides an effortless way to integrate with key regulatory systems and quickly launch operations for new market entrants”, says Head of Products at Inventi \u003Ca href=\"https://www.linkedin.com/in/jonas-nasliunas-95ab18111/\" data-type=\"URL\" data-id=\"https://www.linkedin.com/in/jonas-nasliunas-95ab18111/\" target=\"_blank\" rel=\"noreferrer noopener\">Jonas Nasliunas\u003C/a>.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>According to the Bank of Lithuania, Lithuania was the home country to 85 Electronic money institutions (EMIs) - more than a third of all EMIs registered in the EU. It was also home to 54 payment institution license holders, tallying the combined fintech entity count at 139. The Bank of Lithuania is currently examining around 30 additional applications for EMI and PI licenses. It is also a home base for such established fintechs as \u003Ca href=\"https://www.revolut.com/en-LT\" data-type=\"URL\" data-id=\"https://www.revolut.com/en-LT\">Revolut\u003C/a> - which is also an Inventi client.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>In addition to SEPA access, other Inventi connector products provide integrations with core platforms of Lithuania’s regulators.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>\u003Ca href=\"https://inventi.io/products/ties-integration\" target=\"_blank\" rel=\"noreferrer noopener\">STI Connector\u003C/a> integrates with the system of the \u003Ca href=\"https://www.vmi.lt/evmi/en/home\" data-type=\"URL\" data-id=\"https://www.vmi.lt/evmi/en/home\">State Tax Inspectorate\u003C/a> and provides automated reports including information on daily opened or closed accounts, annual turnovers and other data required by the regulator. The product was updated to support automated FATCA and CRS reporting. With the latest feature update, STI Connector now supports multipoint data ingestion, collecting reporting data from multiple client systems. This is especially relevant for larger financial institutions, where customer information can be stored on different platforms. The STI Connector also supports manual reporting data upload, where it validates the provided information and submits to the State Tax Inspectorate.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>Inventi \u003Ca href=\"https://inventi.io/products/plais-integration\" data-type=\"URL\" data-id=\"https://inventi.io/products/plais-integration\" target=\"_blank\" rel=\"noreferrer noopener\">PLAIS Connector\u003C/a> integrates customer core banking platform with \u003Ca href=\"https://www.registrucentras.lt/en/\" data-type=\"URL\" data-id=\"https://www.registrucentras.lt/en/\" target=\"_blank\" rel=\"noreferrer noopener\">State Enterprise Centre of Registers\u003C/a> of the Republic of Lithuania. It automates the process of forced recovery handling placed on the credit institution. \u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>“For many fintech entities, the first steps are the hardest to take. With more than 15 client deployments already, our connectors helped clients to avoid in-house development missteps and reduce time-to-market. By ensuring the integrity of core fintech operations, they also help clients to shift their attention on building their business and developing new competitive product features”, adds \u003Ca href=\"https://www.linkedin.com/in/jonas-nasliunas-95ab18111/\" data-type=\"URL\" data-id=\"https://www.linkedin.com/in/jonas-nasliunas-95ab18111/\" target=\"_blank\" rel=\"noreferrer noopener\">Jonas Nasliunas\u003C/a>.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>\u003Cstrong>About Inventi | \u003C/strong>\u003Ca href=\"http://www.inventi.io\">\u003Cstrong>www.inventi.io\u003C/strong>\u003C/a>\u003Cstrong> \u003C/strong>\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>Inventi develops back-office software for leading finance, fintech and large enterprise customers. The company serves leading banks in the Nordic region, as well as the most promising providers of next generation financial services. With extensive industry expertise and superstar engineering, Inventi ensures that the software development process will be smooth from start to finish.\u003C/p>\n\u003C!-- /wp:paragraph -->",{"metaTitle":392,"metaDescription":14,"ogTitle":392,"ogDescription":393,"ogImg":8},"Inventi SEPA Connector Adds SEPA Instant CT Support - inventi","Leading Nordic financial software developer Inventi added SEPA Instant Credit Transfer (SCT Inst) support to its SEPA Connector suite. SEPA Connector by Inventi provides a plug-and-play integration to access the Single European Payments Area.",{"section_title":278,"related_section_title":279,"related_section_heading":280,"related_cta":281},[396,397,398],{"title":269,"slug":270,"excerpt":271},{"title":284,"slug":285,"excerpt":286},{"title":288,"slug":289,"excerpt":290},{"title":314,"slug":315,"excerpt":316,"content":400,"seo":401,"strings":404,"related":405},"\u003C!-- wp:paragraph -->\n\u003Cp>\u003Cstrong>Nordic financial software developer \u003Ca href=\"http://www.inventi.io\" data-type=\"URL\" data-id=\"www.inventi.io\">Inventi\u003C/a> launches \u003Ca href=\"https://inventi.io/products/digital-banking-fraud-prevention-system\" data-type=\"URL\" data-id=\"https://inventi.io/products/digital-banking-fraud-prevention-system\">Digital Banking Fraud Prevention System\u003C/a> as a stand-alone product. The platform protects banking customers on online and mobile banking platforms. The fraud prevention suite is aimed at mid-sized European banking institutions and is already in use by one of the leading Nordic banks.\u003C/strong>\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>“Our fraud prevention system began as a custom development project. Yet with excellent customer feedback and steadfast performance in preventing such threats as authorized push payment or account take over, we have decided to launch our fraud prevention suite as a dedicated product. Considering stringent European banking regulatory requirements, we clearly see an opportunity in the mid-range of fraud prevention software market, where affordable and easily scalable solutions are lacking. In addition, our FPS offers an unbeatable degree of customization to fit specific customer workflows and threat scenarios” - says CEO of Inventi\u003Ca href=\"https://www.linkedin.com/in/zilvinas-kybartas/\" data-type=\"URL\" data-id=\"https://www.linkedin.com/in/zilvinas-kybartas/\"> Zilvinas Kybartas\u003C/a>.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>Inventi fraud prevention system operates in real-time analyzing every online customer transaction. The platform applies customer-centric behavior analytics, including such factors as geographic location, device fingerprinting, types of transactions, transferred amounts and many more factors to build up a customer profile to identify ‘business as usual’.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>The platform also uses a vast database of time-proven scenarios for fraud identification, as well as machine learning functionality to spot suspicious behavior.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>The fraud prevention system then assigns a fraud probability score for every banking transaction. Depending on the customer requirements, following actions can be undertaken, including flagging the transaction, blocking it outright, requiring a multiple-factor authentication or adding a cool-down period before the transaction can be authorized.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>“Built on a scalable microservices architecture, Inventi fraud prevention system can handle 200-500 transactions per second without any effect on the end-user online banking experience. The platform can accommodate higher numbers per customer requirements” - added Zilvinas Kybartas.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>According to Mr Kybartas, with processing speeds of 300-500 ms per transaction, Inventi fraud prevention system is fully compliant with SEPA Instant Credit Transfers.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>The platform offers an analytical dashboard with 360 degree view for incident resolution, including all relevant customer history, previous and related incidents.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>“Working with anti-fraud officers in the development stage has helped us to create an easy-to-use and fluid interface, with all relevant information efficiently presented for smooth incident resolution” - adds Zilvinas Kybartas.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>The platform also offers a ‘dry-run’ operations mode. It puts the platform into pre-production, where it can analyze real-world customer data, assign fraud probability scores, yet not take any further action.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>“This helps with adding new threat scenarios or customer analytical data buildup to better understand user behavior and is usually the first part of our platform deployments” - notes Zilvinas Kybartas.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>\u003Cstrong>About Inventi | \u003Ca href=\"https://inventi.io/products/digital-banking-fraud-prevention-system\" data-type=\"URL\" data-id=\"https://inventi.io/products/digital-banking-fraud-prevention-system\">www.inventi.io\u003C/a>\u003Cbr>\u003C/strong>Inventi develops back-office software for leading finance, fintech and large enterprise customers. The company serves leading banks in the Nordic region, as well as the most promising providers of next generation financial services. With extensive industry expertise and superstar engineering, Inventi ensures that the software development process will be smooth from start to finish.\u003C/p>\n\u003C!-- /wp:paragraph -->",{"metaTitle":402,"metaDescription":14,"ogTitle":402,"ogDescription":403,"ogImg":8},"Inventi Launches A Digital Banking Fraud Prevention System - inventi","Nordic financial software developer Inventi launches Digital Banking Fraud Prevention System as a stand-alone product. The platform protects banking customers on online and mobile banking platforms. The fraud prevention suite is aimed at mid-sized European banking institutions and is already in use by one of the leading Nordic banks.",{"section_title":278,"related_section_title":279,"related_section_heading":280,"related_cta":281},[406,407,408],{"title":269,"slug":270,"excerpt":271},{"title":284,"slug":285,"excerpt":286},{"title":288,"slug":289,"excerpt":290},{"title":410,"slug":411,"excerpt":412,"content":413,"seo":414,"strings":417,"related":418},"How Vilnius became the top hub for European fintech","how-vilnius-became-the-top-hub-for-european-fintech","What makes Lithuanian capital a one of the most attractive destination for next generation financial services providers.","\u003C!-- wp:paragraph -->\n\u003Cp>\u003Cstrong>A forward thinking central bank, favorable business environment and a well developed technology ecosystem made Lithuanian capital one of the most attractive European fintech destinations.\u003C/strong>\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>By the end of 2021 Lithuania was the home country to 85 Electronic money institutions (EMIs) - more than a third of all EMIs registered in the EU. It was also home to 54 payment institution license holders, tallying the combined fintech entity count at 139. Although European fintech has already matured, the licensee number in Lithuania has grown by 15 compared to 2020. The Bank of Lithuania is currently examining around \u003Ca href=\"https://www.lb.lt/en/news/value-of-payment-transactions-by-electronic-money-and-payment-institutions-exceeded-eu150-billion\">30 additional applications for EMI and PI licenses\u003C/a>.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>Lithuania also serves as home for one of the most prominent global fintechs - Revolut. Revolut was granted an EMI license in 2018. In 2021 it became \u003Ca href=\"https://www.lb.lt/en/news/banking-licence-granted-to-revolut-bank-uab\">licensed as a bank\u003C/a>.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>“Revolut journey illustrates Lithuania’s policy of attracting fintech investment and fostering their growth. The groundwork for this was laid more than 5 years ago. With straightforward application process, fast application processing by the regulator, clearcut regulatory framework and one of the lowest corporate tax rates in Europe, Lithuanian financial sector was positioned for fast growth”, - says \u003Ca href=\"https://www.linkedin.com/in/jonas-nasliunas-95ab18111/\">Jonas Nasliunas\u003C/a>, Head of Products at financial software development company Inventi.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>According to Jonas Nasliunas, all the information required for licensing can be submitted in English. The application process itself usually takes up to 6 months - at least twice as fast as in other countries. \u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>\u003Cstrong>Plug-and-play fintech ecosystem\u003C/strong>\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>New market entrants can also benefit from a well developed financial technology ecosystem.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>Based in Vilnius, Inventi is one of the leading back-office financial software developers in the Nordic countries. Anticipating the needs of next generation providers of financial services, Inventi launched a \u003Ca href=\"https://inventi.io/products/\" data-type=\"URL\" data-id=\"https://inventi.io/products/\">Connector product suite\u003C/a>, covering the backbone of fintech operations.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>“Fintechs move fast. In this industry speed is a competitive advantage. We wanted to complement the streamlined application process with a quick way to cover the technological groundwork and launch business operations”, - tells Jonas Nasliunas.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>Inventi Connector suite provides fintechs with access to the \u003Ca href=\"https://inventi.io/products/sepa-integration\" data-type=\"URL\" data-id=\"https://inventi.io/products/sepa-integration\">Single European Payments Area (SEPA)\u003C/a> and integrates with systems of \u003Ca href=\"https://inventi.io/products/ties-integration\" data-type=\"URL\" data-id=\"https://inventi.io/products/ties-integration\">State Tax Inspectorate\u003C/a> and \u003Ca href=\"https://inventi.io/products/plais-integration\" data-type=\"URL\" data-id=\"https://inventi.io/products/plais-integration\">Centre of Registers\u003C/a> for regulatory compliance. \u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>“With our Connector suite, new market entrants do not need to develop integrations from scratch or worry about regulator reporting requirements. The infrastructure is already here, it’s a plug-and-play approach, where you can comfortably lay out the groundwork for your operations using off-the-shelf solutions, devoting full attention to growing your business”, - adds Jonas Nasliunas.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>\u003Cstrong>Software for fintech startups\u003C/strong>\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>Revolut is also an Inventi client. The startup, now valued at 33 billion USD, utilizes Inventi STI Connector to submit reports to the State Tax Inspectorate.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>“Revolut aims to provide its clients with fast and quality solutions – we expect the same efficiency from our partners too. Collaborating with Inventi helped us streamline the State Tax integration process, accelerating our further service development”, - says Chief Revenue Officer at Revolut Raimonas Berniunas.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>Since its inception in 2011, Inventi has aimed to serve the needs of large financial institutions for mission critical software development. The company lists Danske Bank, Luminor, SEB and other major banks among its key clients. Now they are accompanied by an ever growing list of fintech providers like Mambu, SME Finance or GF Bank.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>According to the Head of Business Development at Inventi \u003Ca href=\"https://www.linkedin.com/in/asta-meskereviciute/\" data-type=\"URL\" data-id=\"https://www.linkedin.com/in/asta-meskereviciute/\">Asta Meskereviciute-Ghorbal\u003C/a>, services for fintech startups now account for up to 30% of Inventi business. \u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>“Coming from a legacy banking platform environment, we are uniquely positioned to support the development of innovative fintech products. KYC, AML, onboarding, multiple inter-banking platform integrations - we’ve done it all. Understanding how it all works, this extensive industry expertise, is essential when you are building something truly innovative from scratch” , - adds Asta Meskereviciute-Ghorbal.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:acf/quote {\"id\":\"block_6228950001d89\",\"name\":\"acf/quote\",\"data\":{\"block_quote_section_title\":\"\",\"_block_quote_section_title\":\"field_61bf574f53a36\",\"block_quote_name\":\"\",\"_block_quote_name\":\"field_61bf58f75ee90\",\"block_quote_position\":\"\",\"_block_quote_position\":\"field_61bf575e53a37\",\"block_quote_logo\":\"\",\"_block_quote_logo\":\"field_61bf576653a38\",\"block_quote_quote\":\"\",\"_block_quote_quote\":\"field_61bf577453a39\",\"block_quote\":\"\",\"_block_quote\":\"field_61bf56d053a35\"},\"align\":\"\",\"mode\":\"auto\"} /-->",{"metaTitle":415,"metaDescription":14,"ogTitle":415,"ogDescription":416,"ogImg":8},"How Vilnius became the top hub for European fintech - inventi","A forward thinking central bank, favorable business environment and a well developed technology ecosystem made Lithuanian capital one of the most attractive European fintech destinations.",{"section_title":278,"related_section_title":279,"related_section_heading":280,"related_cta":281},[419,420,421],{"title":269,"slug":270,"excerpt":271},{"title":284,"slug":285,"excerpt":286},{"title":288,"slug":289,"excerpt":290},{"title":337,"slug":338,"excerpt":339,"content":423,"seo":424,"strings":427,"related":428},"\u003C!-- wp:paragraph -->\n\u003Cp>\u003Cstrong>Inventi SaaS integration with State Tax Inspectorate will now support automated FATCA and CRS tax report submission to support cross-border business growth of its customers.\u003C/strong>\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>Foreign Account Tax Compliance Act (FATCA) requires U.S. citizens to file annual reports on any foreign account holdings they have. The law was passed in 2010 to promote transparency in the global financial services sector. Foreign financial institutions, which provide services to U.S citizens, are required to comply with this law by providing information on accounts and the value of the assets in those accounts to the IRS or the FATCA Intergovernmental Agreement (IGA).\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>Common Reporting Standard (CRS) was adopted in 2014 for global accounting information exchange between financial institutions in order to combat tax evasion.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>“Both of these report types are required when serving foreign national customers. With adoption of automated FATCA and CRS reporting framework, Inventi is committed to support the growth of cross-border financial services”, - notes Head of Products at Inventi \u003Ca href=\"https://www.linkedin.com/in/jonas-nasliunas-95ab18111/\" data-type=\"URL\" data-id=\"https://www.linkedin.com/in/jonas-nasliunas-95ab18111/\">Jonas Nasliunas\u003C/a>.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>FATCA and CRS reports are the latest addition to the Inventi \u003Ca href=\"https://inventi.io/products/ties-integration\" data-type=\"URL\" data-id=\"https://inventi.io/products/ties-integration\">STI Connector\u003C/a>. The connector integrates the client’s core banking system with TIES system of State Tax Inspectorate. TIES integration covers submission of automated daily opened and closed account reports, annual turnover, account balance, paid interest reports and other reports required for regulatory compliance. The platform also provides a graphical user interface for process monitoring, as well as for manual report submission. \u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>STI Connector is part of Inventi SaaS product suite for next generation financial service providers. Together with products for \u003Ca href=\"https://inventi.io/products/sepa-integration\" data-type=\"URL\" data-id=\"https://inventi.io/products/sepa-integration\">SEPA\u003C/a> and \u003Ca href=\"https://inventi.io/products/plais-integration\" data-type=\"URL\" data-id=\"https://inventi.io/products/plais-integration\">PLAIS integrations\u003C/a>, Inventi connectors serve as the backbone of fintech operations, speeding up time-to-market, automating core operations and ensuring regulatory compliance.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>\u003Cstrong>About Inventi | \u003C/strong>\u003Ca href=\"http://www.inventi.io\">\u003Cstrong>www.inventi.io\u003C/strong>\u003C/a>\u003Cstrong> \u003C/strong>\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>Inventi develops back-office software for leading finance, fintech and large enterprise customers. The company serves leading banks in the Nordic region, as well as the most promising providers of next generation financial services. With extensive industry expertise and superstar engineering, Inventi ensures that the software development process will be smooth from start to finish.\u003C/p>\n\u003C!-- /wp:paragraph -->",{"metaTitle":425,"metaDescription":14,"ogTitle":425,"ogDescription":426,"ogImg":8},"Inventi updates STI Connector with FATCA and CRS reporting - inventi","Inventi SaaS integration with State Tax Inspectorate will now support automated FATCA and CRS tax report submission to support cross-border business growth of its customers.",{"section_title":278,"related_section_title":279,"related_section_heading":280,"related_cta":281},[429,430,431],{"title":269,"slug":270,"excerpt":271},{"title":284,"slug":285,"excerpt":286},{"title":288,"slug":289,"excerpt":290},{"title":351,"slug":352,"excerpt":353,"content":433,"seo":434,"strings":437,"related":438},"\u003C!-- wp:paragraph -->\n\u003Cp>\u003Cstrong>The SaaS products offer effortless SEPA integration and regulatory connections with State Tax Inspectorate and State Enterprise Centre of Registers to ensure smooth operations of Electronic Money Institutions (EMIs), payment service providers and specialized banks.\u003C/strong>\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>“Vilnius is already positioned as a key hub for fintech services in the European union. In addition to a favorable regulatory environment, a well developed regtech infrastructure makes Lithuania an attractive destination for launching new financial services”, - notes Head of Products at Inventi \u003Ca href=\"https://www.linkedin.com/in/jonas-nasliunas-95ab18111/\" data-type=\"URL\" data-id=\"https://www.linkedin.com/in/jonas-nasliunas-95ab18111/\">Jonas Nasliunas\u003C/a>.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>According to Jonas Nasliunas, Inventi product suite simplifies the road to market for new fintech entities, ensures regulatory compliance and supports quick scale up when businesses grow.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>\u003Cstrong>SEPA integration via CENTROlink\u003C/strong>\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>\u003Ca href=\"https://inventi.io/products/sepa-integration\" data-type=\"URL\" data-id=\"https://inventi.io/products/sepa-integration\">SEPA Connector\u003C/a> is at the core of Inventi fintech product offering.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>Inventi SEPA connector provides access to Single European Payments Area (SEPA) via the CENTROlink platform, owned by the Bank of Lithuania. This platform can be utilized by any financial service provider, licensed in the European Economic Area (EEA). \u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>“SEPA integration is the backbone of any financial service. Inventi SEPA Connector helps to speed up the launch of new services, as we take the leadership of service setup, integration and testing with the Bank of Lithuania”, - adds Jonas Nasliunas.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>CENTROlink offers a full range of SEPA services, including credit transfers (SCT), direct debit (SDD), and instant payments (SCT Inst). It enables fintech entities to issue IBAN accounts or utilize current SWIFT BIC and IBAN codes depending on where the service provider is licensed. CENTROlink is also connected to STEP2 and RT1 European payment infrastructures, enabling non-banking institutions to provide a wide scope of alternative banking services.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>“We provide periodic updates and improvements adhering to the planned quarterly update cycle of CENTROlink, ensuring business continuity”, - says Jonas Nasliunas.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>\u003Cstrong>State Tax Inspectorate integration (TIES)\u003C/strong>\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>Lithuania-licensed financial institutions are required to provide regulatory reports to the State Tax Inspectorate. These include daily reports on opened and closed accounts, annual turnover and balance reports, as well as FATCA and CRS reports on foreign national customers.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>Inventi \u003Ca href=\"https://inventi.io/products/ties-integration\" data-type=\"URL\" data-id=\"https://inventi.io/products/ties-integration\">TIES integration\u003C/a> provides a framework for automated report submission. The platform also provides a graphical user interface for process monitoring, as well as for manual report submission. \u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>“Fintechs are characterized by fast growth. While some financial institutions begin operations with manual reporting, they quickly turn to report automation when the client base starts to grow. TIES Connector eliminates human reporting errors, helps to avoid fines for reporting discrepancies and provides financial institutions with a peace of mind”, - notes Jonas Nasliunas.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>According to Jonas Nasliunas, the fines for reporting non-compliance can reach up to 50.000 Eur.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>“Fintech regulatory framework is dynamic, reporting requirements may change over time. With periodic connector updates we ensure that the financial institution will be fully compliant with the latest reporting rules”, - adds Jonas Nasliunas.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>\u003Cstrong>State Enterprise Centre of Registers integration (PLAIS)\u003C/strong>\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>Inventi \u003Ca href=\"https://inventi.io/products/plais-integration\" data-type=\"URL\" data-id=\"https://inventi.io/products/plais-integration\">PLAIS integration\u003C/a> connects clients’ core banking platform with the PLAIS system, managed by the Centre of Registers. The connector provides automated processing of account locking, authorisation holds, amount transfers (write-offs) and hold cancellation requests.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>“PLAIS integration reduces manual oversight required in daily banking operations, automating an essential part in the regulatory financial institution framework”, - states Jonas Nasliunas.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>\u003Cstrong>About Inventi | \u003C/strong>\u003Ca href=\"http://www.inventi.io\">\u003Cstrong>www.inventi.io\u003C/strong>\u003C/a>\u003Cstrong> \u003C/strong>\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>Inventi develops back-office software for leading finance, fintech and large enterprise customers. The company serves leading banks in the Nordic region, as well as the most promising providers of next generation financial services. With extensive industry expertise and superstar engineering, Inventi ensures that the software development process will be smooth from start to finish.\u003C/p>\n\u003C!-- /wp:paragraph -->",{"metaTitle":435,"metaDescription":14,"ogTitle":435,"ogDescription":436,"ogImg":8},"Inventi presents Connector product suite for next generation fintech services - inventi","The SaaS products offer effortless SEPA integration and regulatory connections with State Tax Inspectorate and State Enterprise Centre of Registers to ensure smooth operations of Electronic Money Institutions (EMIs), payment service providers and specialized banks.",{"section_title":278,"related_section_title":279,"related_section_heading":280,"related_cta":281},[439,440,441],{"title":269,"slug":270,"excerpt":271},{"title":284,"slug":285,"excerpt":286},{"title":288,"slug":289,"excerpt":290},{"title":443,"slug":444,"excerpt":445,"content":446,"seo":447,"strings":451,"related":452},"ES Projektai","uab-inventi-igyvendina-projekta-uab-inventi-darbuotoju-igudziu-ugdymas","„UAB \"Inventi\" darbuotojų įgūdžių ugdymas“ (projekto Nr. 02-035-K-0120), kuris yra dalinai finansuojamas ES fondų lėšomis.","\u003C!-- wp:paragraph {\"align\":\"left\"} -->\n\u003Cp class=\"has-text-align-left\">\u003Cimg width=\"353\" height=\"74\" src=\"https://lh7-rt.googleusercontent.com/docsz/AD_4nXc6WSUaBVv6N5EhN-PEHLe5NYSjfJ8Prpx3qUMf__xSGLN64oi5L0sBdZeKWHSe4Ubxq-0oTF1YPaS_lbHfKZ2ZjxDa7oNELWwFjfirZgW8XToi9kUFVIFjhqX6gD5Vn4P8BUsGNJx4GpOQIXZw0jiO1tibRe9Fg6MYftvYwIV0KmHBz0-EGfo?key=BNtoTVZLSUoUue1CB1BnGw\" alt=\"Bendrai finansuoja Europos Sąjunga\">\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph {\"align\":\"left\"} -->\n\u003Cp class=\"has-text-align-left\">UAB \"INVENTI\" įgyvendina projektą „UAB \"Inventi\" darbuotojų įgūdžių ugdymas“ (projekto Nr. 02-035-K-\u003Cbr>0120), kuris yra dalinai finansuojamas ES fondų lėšomis.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>\u003Cbr>UAB \"Inventi\" yra maža IT sektoriaus įmonė, veiklą vykdanti Sostinės regione nuo 2011 m. Įmonė specializuojasi IT produktų kūrime (yra sukūrusi tokius produktus kaip SEPA Gateway, STI Connector, PLAIS Connector, ISO20022 Connect ir kt). Savo klientams UAB \"Inventi\" siekia siūlyti tik aukščiausios kokybės ir inovatyvius produktus, geriausiai atitinkančius jų lūkesčius. Šiems tikslams užtikrinti įmonė privalo puikiai išmanyti naujausias IT srities technologijas ir metodus, kad galėtų juos sėkmingai pritaikyti savo kasdienėse veiklose. Dėl šios priežasties įmonės darbuotojams būtina nuolat tobulinti savo techninius įgūdžius, gauti naujų žinių ir kompetencijų iš kitų rinkos profesionalų. Taip pat vykdant skirtingo pobūdžio projektus ir dirbant komandose buvo pastebėta, kad darbuotojų įgūdžiai ir žinios tam tikrose srityse ženkliai skiriasi tarpusavyje. Toks disbalansas kelia sunkumų skirstant darbuotojus atskirų projektų įgyvendinimui, lėtėja įmonės procesai, mažėja efektyvumas, prarandami potencialūs užsakymai. Taigi įmonė nusprendė investuoti į mokymų veiklas ir tobulinti darbuotojų kompetencijas. Mokymų veiklos suplanuotos dvejopos: išoriniai mokymai sudarys sąlygas tobulinti žinias ir kompetencijas dalyvaujant išorinių tiekėjų mokymuose. Kitą veiklos dalį sudarys įmonės vidiniai mokymai, kurių metų ekspertinę patirtį turintys darbuotojai dalinsis savo žiniomis ir praktiniais patarimais atskirose tematikose. Sėkmingas projekto įgyvendinimas padės įmonės darbuotojams patobulinti savo įgūdžius įmonei šiuo metu svarbiausiose srityse. Kompetencijas patobulinusi komanda sudarys sąlygas įmonei tapti konkurencingesne rinkoje, įgyvendinti sudėtingesnius užsakymus, plėsti veiklą.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>Pagrindinis projekto tikslas – pagerinti darbuotojų įgūdžius informacinių technologijų srityje.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>Bendra projekto išlaidų suma – 79 994,65 Eur. Iš Europos Sąjungos fondų projekto įgyvendinimui skiriama – 39 997,32 Eur. Likusią dalį įmonė finansuos savo lėšomis.\u003C/p>\n\u003C!-- /wp:paragraph -->\n\n\u003C!-- wp:paragraph -->\n\u003Cp>Projekto vykdymo pradžia – 2024-08-13. Projekto vykdymo pabaiga – 2026-08-13.\u003C/p>\n\u003C!-- /wp:paragraph -->",{"metaTitle":448,"metaDescription":14,"ogTitle":448,"ogDescription":449,"ogImg":450},"ES Projektai - inventi","UAB “INVENTI” įgyvendina projektą „UAB “Inventi” darbuotojų įgūdžių ugdymas“ (projekto Nr. 02-035-K-0120), kuris yra dalinai finansuojamas ES fondų lėšomis. UAB “Inventi” yra maža IT sektoriaus įmonė, veiklą vykdanti Sostinės regione nuo 2011 m. Įmonė specializuojasi IT produktų kūrime (yra sukūrusi tokius produktus kaip SEPA Gateway, STI Connector, PLAIS Connector, ISO20022 Connect ir kt). Savo klientams … Continued","https://lh7-rt.googleusercontent.com/docsz/AD_4nXc6WSUaBVv6N5EhN-PEHLe5NYSjfJ8Prpx3qUMf__xSGLN64oi5L0sBdZeKWHSe4Ubxq-0oTF1YPaS_lbHfKZ2ZjxDa7oNELWwFjfirZgW8XToi9kUFVIFjhqX6gD5Vn4P8BUsGNJx4GpOQIXZw0jiO1tibRe9Fg6MYftvYwIV0KmHBz0-EGfo?key=BNtoTVZLSUoUue1CB1BnGw",{"section_title":278,"related_section_title":279,"related_section_heading":280,"related_cta":281},[453,454,455],{"title":269,"slug":270,"excerpt":271},{"title":284,"slug":285,"excerpt":286},{"title":288,"slug":289,"excerpt":290},1779285097835]