European Merchant Bank

EMBank European Merchant Bank
Company type
Private company
IndustryFinancial services
Founded14 December 2018; 7 years ago (2018-12-14) in Vilnius
Headquarters
Vilnius
,
Lithuania
Key people
Sarp Demiray (CEO)
Ekmel Cilingir (Chairman of Supervisory Board)
ProductsCommercial banking, fintech
Websiteem.bank

The European Merchant Bank (trading as EMBank) is a Lithuanian digital neobank established in 2018.[1] The bank focuses on small and medium-sized enterprises (SMEs) in the fintech space.[2][3][4]

History

EMBank was founded in 2018 in Lithuania. On 14 December 2018, the bank received a banking license from the European Central Bank.[5][6][7][8]

By the end of 2021, Bank’s business loans reached €29.7 billion.[9] That same year, EMBank managed to break even.[10][11][12]

In 2022, the bank was involved in a trademark dispute with the mBank and the European Union Intellectual Property Office regarding the bank's name.[13][14]

Features

The bank offers a number of financial products and services:

  • Direct access to banking services for both fintech and SMEs business.[15]
  • The bank offers banking as a service (BaaS) and has a single Embedded Finance API to Fintechs. Safeguarding Accounts are another key product that the bank provides to Fintechs.[16][17][18]
  • Lending facilities for SMEs.[19]
  • SEPA payment services, via SEPA Instant Credit Transfers or SCT Inst which lets transfers in euros and SEPA Direct Debits which allows merchants to collect Euro-denominated payments from accounts in SEPA countries and associated territories.[20][21]

Membership and activities

The bank has been a member of Lithuanian Banking Association since establishment, and a member of FinTech Hub LT and Fintech LT associations.[22]

EMBank has also partnered with Mastercard.[23]

The company is a regular participant of specialized conferences and meetings as Money2020 (Amsterdam, Las Vegas), Finovate (London, New York),[24] (Amsterdam) etc.[25]

See also

References

  1. ^ ""EMBank" grynasis pelnas pernai trigubėjo - Verslo žinios". vz.lt (in Lithuanian). Retrieved 2025-02-20.
  2. ^ "European Merchant Bank - Products, Competitors, Financials, Employees, Headquarters Locations". www.cbinsights.com. Retrieved 2023-09-01.
  3. ^ "Former Swedbank Head of Risk for the Baltic States to take the position of Head of Risk at European Merchant Bank". en.15min.lt. Retrieved 2025-02-20.
  4. ^ ""European Merchant Bank" su valstybės garantija verslui skolins per 6 mln. eurų". lrt.lt (in Lithuanian). 2024-05-20. Retrieved 2025-02-20.
  5. ^ Content, Sponsored (2022-01-14). "Why do we need banking as a service?". London Business News | Londonlovesbusiness.com. Retrieved 2023-09-01.
  6. ^ "European Merchant Bank ended the third quarter of 2021 with a 48% increase in the total loan portfolio". en.15min.lt. Retrieved 2023-09-01.
  7. ^ "European Merchant UAB granted a specialised bank licence". lb.lt. 2018-12-17. Retrieved 2023-09-01.
  8. ^ "European Merchant Bank prepares for launch in Lithuania". Delfi EN (in Lithuanian). Retrieved 2023-09-01.
  9. ^ "NetSol Technologies, Inc. (NTWK) Stock Price, News, Quote & History - Yahoo Finance". finance.yahoo.com. Retrieved 2023-09-01.
  10. ^ "EMBank (European Merchant Bank) Reports Record Growth in 2021: 13x Revenue Growth & €27.7M Growth in Loan Portfolio". EIN News. 2022-05-11. Retrieved 2023-09-01.
  11. ^ Shishmanov, Lazar (2022-05-04). "EMBank 2021 results: 13x revenue growth and EUR 27.7 million growth in loan portfolio!". European Merchant Bank UAB. Retrieved 2023-09-01.
  12. ^ ""EMBank" rezultatai: paskolų portfelis augo 27,7 mln. eurų, banko pajamos – trylika kartų". klaipeda.diena.lt (in Lithuanian). Retrieved 2025-02-20.
  13. ^ "ECLI:EU:T:2023:396 — JUDGMENT OF THE GENERAL COURT". curia.europa.eu. 12 July 2023. Retrieved 28 January 2025.
  14. ^ ""European Merchant Bank" šiemet patyrė 654 tūkst. eurų nuostolių". 15min.lt/verslas (in Lithuanian). Retrieved 2025-02-20.
  15. ^ "News Archives". FLCC (in Lithuanian). Retrieved 2023-09-01.
  16. ^ "European Merchant Bank Offering Banking as a Service API » FINCHANNEL". 2021-01-25. Retrieved 2023-09-01.
  17. ^ benwilliams (2021-12-16). "How Does Banking as a Service Work?". About Manchester. Retrieved 2023-09-01.
  18. ^ Williams, Ben (2022-01-04). "Why Do You Need A Safeguarding Account?". Retrieved 2023-09-01.
  19. ^ "EMBank launched a loan campaign to support small business owners". SCCL. Retrieved 2023-09-01.
  20. ^ "SEPA". European Merchant Bank UAB. Retrieved 2023-09-01.
  21. ^ "Banking payments reimagined: upcoming challenges for the European industry". Infinite Intelligence. Retrieved 2023-09-01.
  22. ^ "Experienced risk management professional E. Preikša appointed as Chief Risk Officer at EMBank | NLCC". Retrieved 2025-02-20.
  23. ^ "European Merchant Bank Offering Banking as a Service API". FINCHANNEL. 2021-01-25. Retrieved 2025-02-20.
  24. ^ "Money20/20 | Fintech Events and Conferences 2025". www.money2020.com. Retrieved 2025-02-20.
  25. ^ Pugh, Alex (2022-10-10). "Sibos 2022: No bank is an island – joining up digital currencies". www.fintechfutures.com. Retrieved 2025-02-20.
Stub icon

This European bank or insurance-related article is a stub. You can help Wikipedia by adding missing information.

Content Disclaimer

Informasi ini disarikan dari Wikipedia dan disajikan kembali untuk tujuan edukasi. Konten tersedia di bawah lisensi CC BY-SA 3.0. Kami tidak bertanggung jawab atas ketidakakuratan data yang bersumber dari kontribusi publik tersebut.

  1. The information displayed on this website is sourced in part or in whole from Wikipedia and has been adapted for the purpose of restating it. We strive to provide accurate and relevant information, however:
  2. There is no guarantee of absolute accuracy. Wikipedia is an open, collaborative project that can be edited by anyone, so information is subject to change.
  3. It is not intended to constitute professional advice. The content displayed is for informational and educational purposes only. For important decisions (e.g., medical, legal, or financial), please consult a professional.
  4. Content copyright. Wikipedia is licensed under the Creative Commons Attribution-ShareAlike License (CC BY-SA). This means that content may be reused with appropriate attribution and shared under a similar license.
  5. Responsible use. Any risk arising from the use of information from this website is entirely the responsibility of the user.