BPC, a recognized provider of e-payment solutions for the global
financial industry, has announced the signing of an agreement with JSC
“Kredobank” (Ukraine) to supply the SmartVista Suite to build the bank’s
in-house card processing center. JSC “Kredobank” is a part of the PKO BP
Group, Poland’s leading financial group; the main stakeholders are PKO
BP SA, the largest Polish bank, and European Bank for Reconstruction and
Development (EBRD).
The bank’s foreign investments underpin its strategy to support the
Western standards and to provide value added services to its multiple
customers through the use of modern technology. To further grow from its
leading position in the Ukrainian retail financial services market
Kredobank preferred to have a reliable technology platform for continued
card business development and has selected BPC’s SmartVista solution as
its functional core.
The SmartVista Suite will provide Kredobank with comprehensive
functionality to issue and acquire both debit and credit cards of Visa
International and MasterCard Worldwide payment schemes. Additionally the
supplied solution will include SmartVista Fraud Prevention and
Monitoring module for on-line rule based transaction filtering, and full
functional SMS-banking and EMV acquiring facilities.
The flexibility and power of the SmartVista solution will enable the
bank to rapidly bring to market new card based products and to launch
retail programs in compliance with the customers’ ever increasing
demands and new initiatives of International Payment Organizations.
Building on SmartVista features Kredobank will enhance the efficiency of
customer service by allowing the customers to manage their accounts
linked to a card using a variety of channels: ATMs, kiosks, mobile devices.
“We are committed to extending the range and variety of financial
products, implementing the highest European standards of client service
and increasing customer loyalty by offering customers convenient access
to all their accounts through whichever channel they chose. The
implementation of a feature rich in-house processing centre will enable
us to greatly improve customer satisfaction and to be the first in the
market with new product offering”, said Stepan Kubiv, Chairman of the
Board, JSC “Kredobank”.
“The contract signing with Kredobank is another exciting win for us on
the Ukrainian banking market that is undergoing a rapid development. We
are pleased that SmartVista has become a solution of choice for the bank
that constitutes a part of a largest Western financial group and that
has been very careful in selecting both the technology solution and the
vendor for its project. Truly international by nature, SmartVista will
become a basis to support the bank’s innovative business growth and will
help to deliver its future strategy”, said Vasily Volynskiy, Director
BPC-Ukraine.
About JSC “Kredobank”
JSC “Kredobank” (former “Kredit Bank (Ukraine)”) was established in
1990. As of 01.10.2006 the net profit of the Bank amounts to 23 bln UAH
and the net assets – 3 287 bln UAH. JSC “Kredobank” is ranked in top-20
of the largest Ukrainian banks by various indices. The bank focuses on
the retail segment and the SME sector, providing a wide range of
services including corporate and retail lending, securities trading,
export – import operations, etc. JSC “Kredobank” actively expands its
branch network, which consists of 21 branches and 121 operational units
in 16 regions of Ukraine and the Autonomous Republic of Crimea.
