Supporting Digital Banking Transformation
Client: General Financing
In 2005 General Financing launched as one of the first fintech startups in Lithuania. Starting as a consumer loan provider, the company was issued a specialized bank license in 2020. Company services currently encompass automotive leasing and fixed-term deposits with more retail banking services coming soon.
Inventi has provided services to General Financing for more than 10 years.
Initially Inventi advised the client on core-banking platform performance improvements, as the seasonality in consumer loan applications (e.g. holiday) would produce demand spikes.
Additionally Inventi developed a consumer loan self-service portal. The platform enabled General Financing clients to monitor payment schedules, to check loan balance, facilitate the upload of additional financial documents.
With General Financing shift to retail banking services and specialized banking licence, Inventi supported this transformation with SEPA, VMI and PLAIS connector products, enabling the client to perform SEPA transactions and integrate the banking platform with the State Tax Inspection and State Center of Registrars.
This long term cooperation is a showcase example of Inventi being able to support our clients at various stages of their business growth