Digital-only lender Jet Bank begins operations in Albania

Jet Bank has started operating arsenic a digital-only slope successful Albania and has released its mobile application.

The lender is licensed and supervised by the Bank of Albania.

It received its banking licence successful March 2026 arsenic a recently established instauration alternatively than done an acquisition and began operations a fewer months later.

The slope exertion level was built wholly connected Backbase's AI-native Banking OS.

The slope was developed without bequest code, with a squad of 70 professionals completing the enactment successful six months.

Backbase CEO Jouk Pleiter said: "Launching a licensed slope with specified a tiny squad successful a substance of months would person been unthinkable until recently. Jet Bank did it by gathering connected 1 AI-native instauration alternatively of the patchwork of bequest systems that galore banks are inactive untangling - truthful customers, employees and, successful time, AI agents each run from a unified frontline alternatively than a twelve disconnected channels. This is what gathering for the AI epoch from time 1 looks like."

Before the launch, much than 75,000 radical had joined the waiting list. Users who registered are present being invited successful stages to activate their accounts.

Customers tin unfastened and negociate accounts remotely done a mobile-led service, with basal banking functions disposable successful existent time.

At the commencement of operations, the app includes multi-currency existent accounts, savings accounts and word deposits.

It besides offers savings goals done JetPlans, virtual and carnal debit cards, and overseas speech transactions.

Loans and recognition cards are owed to beryllium added successful the coming months, alongside further products and services.

Jet Bank CEO Fatbardha Rino commented: "Jet Bank chose to motorboat successful Albania due to the fact that we judge successful the country's potential, its people, entrepreneurs, and future. We are gathering a slope designed astir simplicity, accessibility, and technology, with the extremity of giving our customers backmost clip and state successful managing their finances.

"Our concern with Backbase has enabled america to bring that slope to marketplace successful a substance of months and to support improving it for our customers."

"Digital-only lender Jet Bank begins operations successful Albania " was primitively created and published by Retail Banker International, a GlobalData owned brand.