The system developed by Nextbank is fully adapted to deposit and credit products specific for Southeast Asia and is integrated with both a mobile application for bank advisers, enabling them to execute transactions outside a branch, and with a mobile banking application offered to clients. The solution is made available in the cloud and provides a set of functionalities necessary to run a mid-sized bank. Currently it operates in 5 Philippine cooperative banks.
The Asseco Group has been joined by a very substantive and business-oriented team. Nextbank is still a small company, but it has already carried out implementations in 5 banks in the Philippines and is currently running further implementations. It has a very interesting product - a core-banking system with the possibility of mobile access for bank customers, which is available in the Amazon cloud. It is fully adapted to the needs of local institutions. We are also counting on the possibility of achieving synergy in the area of our product portfolio in the future, as well as on the exchange of know-how between our teams, said Zbigniew Pomianek, Vice President of the Management Board, Asseco Poland.
There are currently over 500 banks in the Philippines, 450 of which are cooperative banks with limited IT investment budgets and limited access to qualified IT staff in the provinces. For the Asseco Group, the new investment means first of all the possibility of conducting business operations in the Philippines, where no implementations have been carried out so far. It is also an impulse to expand the company's product offer.
, said Marek Panek, Vice President of the Management Board, Asseco Poland.
, said Krzysztof Kogutkiewicz, CEO, Nextbank Software.
The transaction value of the acquisition of shares in Nextbank Software is PLN 17 million. There are no plans to merge the Kraków-based company with the Asseco Group.
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Asseco Poland is the largest Polish IT company listed on the Warsaw Stock Exchange (WSE) and the sixth-largest producer of software in Europe. It leads international Asseco Group, which operates in 54 countries and employs over 24,000 people. The development of software for banks is one of the key business areas of Asseco Poland, which offers solutions which meet the latest trends in global banking. Asseco has completed over 1,000 implementations with more than 650 customers. Currently over 500 banks use our core banking system.
