PSD2-based mobile banking solution for financial institutions

If mobile banking was rather a nice-to-have a few years ago, now it is a definite must-to-have. In this case, the rapid digitalization of financial institutions and evolving consumer needs dictated the mobile banking increase. 

From the financial institutions’ perspective, the recent Economist’s report 2021 shows that 47% of banks see their business evolving into actual digital ecosystems, which offer own or third-party banking products, including mobile banking applications.  

When analyzing the developing consumer needs, the latest BCG study shows that nearly 30% of the world’s population uses mobile banking


The largest in the country – Lithuanian Central Credit Union (LCCU) comprises 44 unions throughout Lithuania, forming the LCU Credit Union Group that serves over 121 thousand customers across different country regions.  A significant part of credit union clients still carries out day-to-day transactions at their credit union’s customer service desk. In contrast, around half of customers use e-banking services. 

Given such different customer habits, the LCU Credit Union Group has not yet had its smart app to meet the needs of customers using mobile banking services. Therefore, this was one of the key reasons behind LCCU’s decision to implement the mobile app development project. 

Also, sometimes a mobile banking development may take up to 1 year. With over 30+ years of experience implementing IT solutions in the financial sector, Baltic Amadeus has proposed implementing a mobile banking app development project to move LCU Credit Union Group services’ accessibility and quality to a new level. 

Read more about the LCU mobile banking app. 



The mobile banking solution developed by Baltic Amadeus is based on the international NextGenPSD2 and Berlin Group standards. Given that the mobile app connects to the central LCU system via an open API, compliance to the international standards ensures that the product meets the required technical and organisational standards. Also, all the necessary security and compliance elements have been guaranteed in the LCU mobile application development process, as the Baltic Amadeus experts who developed the LKU mobile app are CISSP and CDPSE certified.   

In just over two months, the Baltic Amadeus team developed a PSD2-based mobile banking app with a unique LCU brand design. Baltic Amadeus’ mobile banking solution allowed the mobile app’s functionality to be updated and enhanced to meet the customer’s specific needs. The new mobile banking solution has also enabled the customers of the LCU group of credit unions to use the mobile application on both Android and iOS operating systems.   

Download the LCU mobile banking app for Android or iOS now! 

Added value

The mobile banking app developed by Baltic Amadeus is a cloud-based technology, enabling the client to manage the app infrastructure and optimise costs efficiently. 

The LCU smart app allows access to payment accounts for both private and corporate customers. Private users of the app can make payment transfers, view the account balance, check the list of payments made and carry out other daily operations with just a few clicks. Also, private customers using the app can call and send a message to their credit union specialist. The current functions of the app are planned to be extended to business customers in the near future. 


Other projects

Mobile app for the fastest-growing payment solutions provider in Lithuania


Mobile app development for the largest insurance company in the Baltics

Lietuvos Draudimas

Boosted sales performance for the leading digital services company in the Baltics


Highly rated mobile app for Baltic digital services company


Progress OpenEdge solution for the US medical billing and management service provider 

Professional Billing, Inc.

Efficiency-driven ordering and billing system for large-scale military training

WilNor Governmental Services AS

High-performing eCommerce platform for one of the largest pharmacy providers in the Baltics 


Ensured IT security & GDPR compliance for the international web hosting provider 


Convenient daily banking solution for credit unions  


Mobile banking app for DNB bank

DNB bank

Fully automated leasing system that maximises efficiency  


eCommerce platform that boosted shipping service quality and efficiency  

AS Star Information Systems

Information system for shipping operations cut fuel consumption by up to 5% per vessel 


Crisis management system for Norway’s educational institutions 

Magenta ApS

Innovative eCommerce solution that enhanced customer experience for electricity consumers

UAB Technologijų ir inovacijų centras

Ultimate parental communication tool for children’s safety  


Fully upgraded communication platform for the Norwegian telecoms company


Exclusive eCommerce website for a Norwegian aviation museum 


Data visualisation solution that highly increased business productivity 


Get a free quote!

We will be glad to answer all your questions. Contact us and get a free quote in 24 hours. CONTACT US >