Banking Software Company s.r.o.
IČO: 00549533, DIČ: CZ00549533 The company is registered in the Commercial Register maintained by the Municipal Court in Prague, Section C, Insert 195.
The banking world is driven by modern technology and banks are competing with greater innovation and advanced and smarter internet/mobile banking. The idea that banks will no longer need in-house IT and that their focus will be “only” client care and their financial portfolios may sound even stranger. This is because turnkey technology will be provided by tech companies to banks, and most certainly by some of the largest ones, led by Google.
The Czech leader in banking software development, the Banking Software Company (BSC), is celebrating another international success. The Georgian TBC Bank, which conquered the Georgian market using state-of-the-art technology BSC helped build, has been awarded the title of the most innovative corporate bank in Central and Eastern Europe by the prestigious Global Finance magazine.
Simplicity and efficiency rule the business world, and in the service economy this is doubly true. The more complicated and complex life is, the more people demand maximum user friendliness from their service providers. This usually means a laser sharp focus on removing obstacles and smoothing the user experience. Unfortunately, most banks are still not doing enough in this area, and banking is still too complicated and often unfriendly. Obviously, this is a bad situation for users and hurts the reputation of the financial institutions themselves.
Banking Software Company (BSC), the largest banking software house in the Czech Republic, has been ranked among the recommended providers of digital banking transformation solutions in the prestigious Gartner Market Guide report. For BSC, this inclusion means further recognition of the high quality of its solutions in the global field of digital banking transformation.
Banking Software Company (BSC), a leading player in digital banking transformation, continues its global expansion and strengthens its position in the MENA region. As a key part of its growth in the Middle East and North Africa, BSC has established a new strategic partnership with MDSL and thanks to its local presence, BSC will be able to help with the integration of banking solutions in the region
Banking Software Company (BSC) and Wultra, who partnered to create the innovative and highly successful RB Key application for Raiffeisenbank have announced the expansion of their mutual cooperation. The RB Key allows fast and secure authentication of Raiffessenbank client payments and now, thanks to the partnership with Wultra, the BSC digital banking platform will be able to offer a Mobile Token component. Other Czech and foreign banks will also be able to access these tools for secure client authentication and transaction authorization, which fully comply with the requirements of EU regulations under PSD2.
Banking Software Company partners with Crystal Network to bring a new generation of its digital banking solutions to Saudi Arabia.
Praha 21. April 2020 - Banking Software Company (BSC), a leading player in the development of omni-channel solutions for banks, has strengthened its position in the MENA region. As part of its expansion across the Middle East and North Africa, BSC has established a new strategic partnership with MDSL and thanks to its local presence, BSC will be able to help with the integration of banking solutions in the region.
The banking world moves incredibly fast, and if banks want to succeed, they have to be able to respond quickly to modern trends and technological challenges. As in other fields, digitization has become a major focus in banking. While this opens up new opportunities for banks to optimize processes and offer new and innovative services to their customers, it also poses significant difficulties for them. What challenges and expectations will banks have to face in 2020 in order to attract customers and maintain their relevance in the banking market?
BSC is a software company that builds turnkey banking systems. We talked with BSC’s boss, Petr Koutný, about how classic industries, such as banking, have managed the transition to new digital processes. “From the client's point of view, digitization is going great, we can pay with watches, telephones, we have great mobile and internet banking, we’ve got it all. But everything is just a little too complicated. The client ends up using only a fraction of what the app is capable of, and it’s not always user-friendly. Banks have to simplify”, he says in an exclusive interview for Peak.cz.
High-quality digital communication is one of the fundamental building blocks in the success of virtually any company or institution, and of course banks are no exception. But communicating precisely and effectively is not easy, because the modern age has brought not only many opportunities but also many different challenges. One of them is the complicated situation in the labor market, where quality people are difficult to find and have high expectations. Employers need to be able to adapt their processes and offer them the high degree of flexibility they require. Fortunately, high-quality digital solutions can also help.
The trend in recent years in communication between the bank and the client, has been the gradual decline in the number of branches and the decreasing need and willingness of customers to communicate directly with a banker. As a result, the number of branches has fallen by around ten percent in the last five years while the number of customers calling the bank directly to consult with a banker has also fallen. On the other hand, chat usage is on the rise.
Effective, empathic communication has always been the cornerstone of a bank’s reputation and a major factor in its success. Communication used to be handled by a banker whose capability, trustworthiness and understanding of customer needs were the key to customer loyalty to a specific financial institution. However, times have changed, and digitisation is now the driving force. What does this mean for communication in banking today?
Digital Banking Transformation Platforms is one of the newest additions to the annual Gartner Hype Cycle for Digital Banking Transformation 2019 (SUBSCRIPT1) report from the world-renowned analytical company, Gartner.
BSC (Banking Software Company), which develops new software products for the banking sector, has won four new customers for its BI product for regulatory reporting. BSC services will now be used by ČSOB, UniCredit Bank, Hypoteční banka and Bank of Communications, China’s fifth largest bank, to automatically send mandatory reports to the Czech National Bank (ČNB), as well as other regulatory bodies. BSC has further solidified its position as the clear number one on the market, with a portfolio of almost 70 clients.
BSC (Banking Software Company), a developer of proprietary software products for the banking sector with nearly thirty years of experience, won three new customers for its BI regulatory reporting product in the first half of 2019. BSC services for automated sending of obligatory reports to CNB and other regulatory authorities will newly be used by Českomoravská záruční a rozvojová banka, J&T Finance Group SE and HSBC France — branch office Prague. BSC thus secured its leading position on the market and rounded the number of its clients to sixty.
BSC, the largest banking software house in the Czech Republic, hires the experienced professional Karel Beran (45), who will become Director of Products and Digital Innovations and will thus be responsible for BSC’s innovation activities. During his twenty-five year career he has worked at Arthur Andersen, Accenture or Komerční banka. It was at BSC that Beran launched his professional career years ago and now he is returning.
BSC is proud to announce that experienced product manager Lubomír Tomány will be joining the team.
Banking Software Company, the developer of proprietary software products for the banking sector with 25-year experience, has had a very successful year. The sales across the group, which sells its software to customers in Europe, Asia and the United States, have grown steadily by nearly 20% annually over the last three years. In 2018 the consolidated sales were 369 million.
Zuzana Lhotáková, an experienced marketing expert, became the head of BSC marketing.
April 4th, Prague - First week of April, Raiffeisenbank named the winners of Supplier 2018 award.
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