Magnetiq Bank | News, Hiring, Layoffs, Competitors, CEO, Fundraising Insights

Magnetiq Bank is a banking institution based in Riga, Rīga, that focuses on redefining the banking experience for fintech companies....


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Magnetiq Bank is a banking institution based in Riga, Rīga, that focuses on redefining the banking experience for fintech companies. It aims to provide licensed banking products and foster collaboration, offering services such as e-commerce solutions, trade finance, private banking, asset management, and banking as a service. The bank emphasizes a seamless and supportive environment for businesses to thrive through innovative banking services and modern IT solutions.

Website
Headquarters
Riga, Rīga
Size
201-500 employees
Industry
Banking
Specialities
E-commerce, Trade Finance, Private Banking, Asset Management, Trading, Banking as a Service, Fintech

🛍️ Magnetiq Bank Product and Pricing News →

👔 Magnetiq Bank CEO, Management and Leadership Team →

⚔️ Magnetiq Bank Alternatives and Competitors →

💼 Magnetiq Bank Hiring and Layoffs →

🤖 Magnetiq Bank Developer, Integration and Automation News →

📈 Magnetiq Bank Financials, Fundraising and Valuation News →

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🛍️ Magnetiq Bank Product and Pricing News

  • Magnetiq Bank has shifted its focus from E-commerce to Payment solutions in its service offerings.
  • Magnetiq Bank has adjusted its interest rates for deposits, increasing some rates to 2.40% and 3.15% while decreasing others to 2.60% and 2.65%.
  • Magnetiq Bank is launching a rebranded eCommerce page to help businesses with fraud prevention.
  • Magnetiq Bank has achieved compliance with the Payment Card Industry Data Security Standard (PCI DSS), demonstrating its commitment to high data security standards.
  • Magnetiq Bank has become the first Latvian bank to join the Fintech Hub LT association, enhancing its collaboration with Fintech companies across the Baltics and the EEA.

  • Magnetiq Bank showcased its e-commerce, safeguarding account, and payment infrastructure solutions at The eShow Madrid on October 18.
  • On October 31, Magnetiq Bank board member Sandra Rituma will join a panel discussion on fintech development strategy at the Fintech Breakfast event in Latvia.

👔 Magnetiq Bank CEO, Management and Leadership Team


⚔️ Magnetiq Bank Alternatives and Competitors

  • LPB Bank
  • |
  • Revolut
  • |
  • N26
  • |
  • TransferWise
  • |
  • Monzo
  • |
  • Starling Bank
  • |
  • Wirex
  • |
  • Curve

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💼 Magnetiq Bank Hiring and Layoffs

  • Natalija Danilevica has left Magnetiq Bank as Deputy Head of Sales & Regional Development Department in Latvia to join Wallester as Business Development Management Team Lead.
  • Magnetiq Bank is hiring a Merchant Onboarding & Research Specialist to enhance their e-commerce merchant connections.
  • Magnetiq Bank is hiring an IT Project Manager in Riga, Latvia to enhance their innovative banking services and e-commerce solutions.


🤖 Magnetiq Bank Developer, Integration and Automation News

  • Magnetiq Bank is among the first in the Baltics to adopt Visa B2B Connect, enhancing their cross-border payment solutions.


📈 Magnetiq Bank Financials, Fundraising and Valuation News


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