Erste Bank Montenegro is one of the first banks in Montenegro to implement new PSD2 directive.
Logate’s collaboration with Erste Bank Montenegro continues as we enter a new era of banking in Montenegro. Recently adopted PSD2 directive brings more transparency and security when it comes to transactions via mobile banking applications.
Clients now need to authorize transactions via mTokens generated each time a new transaction is initiated, minimizing risks of fraudulent activities. Additionally, clients can whitelist recipients, which will bypass the authorization process in favor of faster transfers to trusted recipients.
“Professional and efficient support in a highly demanding project that will enable further development of digital service for a Bank and for Fintech companies with opportunities to drive innovation, improve customer experience, and enhance their competitive positions in the market. Hard work and dedication have ensured compliance with the latest standards providing a secure and seamless experience for users. The team’s attention to detail, problem-solving skills, and technical expertise have been instrumental in achieving the milestone” – Nikola Varagić, Digital Banking Department, Erste Bank Montenegro
