Fjord Bank

Fjord Bank is a fully digital bank established in Lithuania, built on modern technology with strong Scandinavian roots. The ambition was clear from the start: to create a simple, transparent, and user-friendly digital banking experience – based on secure, stable, and future-proof IT solutions.
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The Challenge
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Establishing a new digital bank involves more than just developing an online banking platform. Fjord Bank needed to build a complete banking ecosystem from the ground up, from customer interfaces in the frontend to robust systems for operations, processing, and back office.

The solution had to meet strict requirements for security, performance, and regulatory compliance, while also being scalable and flexible. The bank therefore needed a technology partner who could take comprehensive responsibility: both for the development of the banking platform itself and for ongoing operations, management, and continuous technical support. [SEG SEGMENT 8] ‍

The Solution
Fjord Bank partnered with our team in Lithuania, entrusting them with the responsibility to design, develop, and deliver the entire technical solution. The systems were fully integrated with a standardized core banking system. Miles delivered a comprehensive digital banking platform consisting of:

A modern online banking frontend for customers

• A back-office module for the bank's employees
  
  
• Automated orchestration of loan and deposit processes
  
  
• A regulatory reporting solution ensuring compliance with requirements from the Central Bank of Lithuania
  
  
• A data warehouse and analytics platform based on modern AWS technologies for ETL, storage, and reporting
  
  
• In addition to the development work, Miles also took on a central operational role by providing CTO (Chief Technology Officer) and ISO (Information Security Officer) services. This contributed to safe and stable operations, strong security, and continuous compliance with regulatory requirements.
  
  

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Client Feedback

‍“Because we wanted to build a fully digital bank from the ground up, Fjord Bank fully agrees that modern, flexible, and reliable IT systems are key to success. Miles has supported us throughout the entire process, from planning architectural solutions to implementation and testing. I would recommend Miles to anyone who values competent and results-oriented IT partners.”

- CEO, Veiko Kandla, Fjord Bank