Erste Bank Selects Finantix for Core Banking Strategy
Erste Bank has selected Finantix technology for multi-country use as part of its core banking renewal strategy, in order to implement common customer facing processes, in several languages, currencies and countries. Erste Bank has undergone rapid growth in eastern Europe in the past few years by acquiring some 10 banks in countries such as Slovakia, Czech Republic, Serbia, Hungary, Ukraine, Romania and Croatia. While its member banks now have opportunities in expanding markets, in some cases they also face euro transition challenges, hence the requirement for a software solution. Finantix’s technology aims to provide local banks with the ability to tailor their banking processes to specific market requirements. With the new technology, Erste Bank should be able to handle both the immediate euro accession requirements and ongoing, market-driven demands.