Warsaw, June 25th2007,
Press release
Sygnity implements Flexcube systeminBGŻ Bank.
Till July2009BGŻBank will have implemented back-office treasury operations in regard to securities and international transfers.
Sygnity would like to inform that the Company signed an agreement with BGŻ Bank for implementation and servicing of Flexcube system in regard to automation of back-office treasury operations on securities and international transfers. System is made byi-flex solutions Company – foreign partner of Sygnity and will be implemented in BGŻ Bank till July2009. Sygnity gives guarantee and post-guarantee service for this solution through the next at least 5 years.Gross value of the contract amounts to ca.PLN 16.3 million.
Flexcube is the modern, centralised banking system,world best-selling in the last 5 years.Projectof implementation of the New IT HeadquartersSystem (NSIC) to serve operations done in Bank Headquarters was launched in result of growing needs of the BGŻ Bank concerning servicing significant volume of transactions and because of necessity to automate processes with parallel operational risk level decreasing.
Decision to implement a new IT system supporting transactions processes concluded and settled by the Bank Headquarters was caused by necessity to improve and minimise operational costs. Successful achievement of these objectives is possible through integration of activities in one central IT system serving full processes in regard to servicing of aforementioned transactions without necessity to register their parts in various scattered systems. Another important factor was necessity of constant inflow of up-to-date, consolidated and reliable information on managerial level.
Main assumptions are: projecting of changes in organisational structure resulting from Bank’s centralisation of operational activities in the Headquarters’ IT system, adjusting system to changing legal regulations, and system safety according to the Bank’s policy.
“We decided to implement a multi-fuctional system. We hope it will speed up and improve our Customer Service and will extend a list of our products thanks to functionality of FLEXCUBE system, which results from use of system and experience of the greatest financial institutions in the world”– saidDorota Wakulska, Deputy Headquarters Operations Department Director in BGŻ.
“System implementation will be performed with co-operation of Bank’s specialists. The whole process will complete in July 2009” – informed Jacek Kujawa, General Director of Banking and Finance Sector in Sygnity.
BGŻ Bank is the next bank that appreciates Sygnity’sIT competence for financial institutions and its experience in efficient realisation ofFLEXCUBE system. Sygnity Group implemented this solution in Poland in Kredyt Bank, PKO BP andPolbank.Since couple of years Sygnity, formerly ComputerLand, has been developing i-flex competence centre planning to implement products on international markets. This has resulted in implementation of projects in Russia, Slovenia, Czech Republic, Austria, Ireland, Spain and other countries.
Flexcube, made byi-flex Solutions (owned by theOracle Group) has been implemented in over100 bank throughout the world, including the whole Citigroup. Sygnity, and earlier ComputerLand S.A.,is a trade and implementation privileged partner of i-flexsolutions.
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BGŻBank is a commercial bank, ranked from years in top ten biggest banks in Poland.BGŻ Bank aims at keeping leading position in food and agriculture sector and achieving status of local primary partner of individual clients, businessmen and companies. This the key strategy assumption of development of BGŻ Bank in 2005-2008. BGŻ Bank owns wide network of 260 branches and 20 external units. Thanks to the agreement on mutual commission-free access to cash dispensers (with BPS, MR Bank and Kredyt Bank) its Clients can use over 1600 cash dispensersin the whole Poland.Clients of BGŻ Bank enjoy modern and comfortable banking solutions. Access to services is granted via advanced IT technologies–Internet banking, phone service and Home Banking.
Sygnity was created through merger of competencies of ComputerLand and Emax companies, founding a new quality in Polish IT market. The Company offers its own solutions, Supplemented by renowned products and technologies. Company grant full scope of services from consulting, through development to IT outsourcing, for big and medium enterprises in the most important sectors of Polish economy and public administration institutions.
Sygnity is the second biggest IT company in Poland and it employs over 3,000 IT experts and segment specialists, who watch and analyse development of key sectors of Polish economy as well as international trends.
Sygnity Group is made of more than ten companies in Poland and abroad. The biggest are: ARAM – developing IT projects for public administration, Projekty Bankowe Polsoft – software producer for banking and finance sector and software testing centre, WINUEL – software producer for energy sector.
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For additional information please refer to:
Michał Michalski
PR Director Sygnity SA
Al. Jerozolimskie 180
02-486 Warszawa
phone +48 22 571 11 25, mobile +48 504 142 034
fax +48 22 571 11 01
e-mail: