Latvian customers already send instant payments from their bank apps, often to a phone number. Your e-money app will be judged against that. We give you the branded front end, the account logic and the back office, so your Riga team can spend its time on the licence and the customers.
Global business accounts, multi-currency payments and cross-border solutions, supported by Crassula APIs and BaaS connections.
Read case study: Multipass
Account details, SEPA payments, card issuing, KYC onboarding and multi-currency exchange in one financial product.
Read case study: LuxPayA personal account with its own IBAN, card and payment history, opened from the phone in one sitting. Customers see their balance move the moment a transfer settles.
SEPA Instant for outgoing and incoming euro transfers, with the payee name check shown before the customer confirms.
Virtual cards issued at sign-up and converted to plastic on request. Customers freeze, unfreeze and set limits themselves; you hold the contract with the card issuer.
Company onboarding with director and owner checks through connected providers, several users per company and batch payments that need a second approval.
Pockets where customers park money for a goal, kept as e-money and labelled so nobody mistakes them for a deposit.
Each requirement, what the platform gives you for it and who owns it after launch.
Role-based back office access, so the board in Riga approves customers, limits and exceptions itself, with every action logged.
YouTechnical descriptions of the platform written in English, ready for your translator or for the language agreed with Latvijas Banka.
You, with our inputTwo-factor verification in the web and mobile apps for sign-in and payment confirmation.
CrassulaOnboarding questionnaires by client type and identity checks through connected verification providers, with files kept per customer.
Your AML officerCustomer balances held on a ledger that reconciles to your safeguarding account, with exports your finance team checks daily.
Your finance teamArchitecture, hosting, subcontractor and exit information for your ICT policy and register of information.
You, with our inputApp texts, notifications and fee tables you load and edit per language without a release.
You, with your lawyersRails your customers can use
Rules that change what you have to build, in the order they apply.
DORA applies to Latvian EMIs. Your file must show how the app stack is covered by your ICT risk framework and register of information.
Payee name checks became mandatory for euro credit transfers sent by payment service providers in the euro area, e-money institutions included.
Latvian EMIs that offer euro transfers must be able to send and receive them as SEPA Instant payments.
PSD3 and the Payment Services Regulation are expected to apply, folding e-money into the payment institution regime.
Latvijas Banka offers free pre-licensing consultations, and a live demo makes those meetings concrete. We set up the environment, then write the IT parts of your file with you so they describe the system the supervisor will later inspect.
Talk to us about your applicationCrassula provides technology and documentation support. We do not provide legal or regulatory advice and cannot guarantee the outcome of an application.
A configured environment to show the regulator, not slides.
IT architecture, customer authentication, ICT risk and DORA register data, outsourcing and continuity sections, written for translation into Latvian.
Banking, safeguarding and KYC providers from our network, matched to your licence.
Picture a team planning an everyday account for people who live and work across Latvia and Estonia. They book a pre-licensing consultation with Latvijas Banka and bring a branded demo: Latvian and English interface, a card in the app, and a SEPA Instant payment that lands in seconds.
During the three months Latvijas Banka has to decide once the file is complete, the team tests onboarding flows for consumers and small companies and agrees safeguarding with a credit institution. After authorisation they open sign-ups in Latvia first and add Estonia once the passport notification has gone through.
Licence background: the Latvia EMI and PI guide and our overview of EMI licensing in the EU.
The questions teams ask us before a first call.
Not covered here?Bring your question to a demo with our team.Tell us your licence and country. We will map the rails, providers and documents you need.
Request demo
