25 September 2017
visit www.ncr.com

Poland's mBank to license tech platform to third party financial institutions

26 June 2017  |  9760 views  |  0 power leads

Poland's mBank is taking a leaf out of German banking peer Fidor's playbook, licensing its technology backbone to other financial institutions across Europe.

The bank has already secured the first deal for its mBox banking model from France's La Banque Postale. The license scope includes electronic platforms as well as product, process and sales know-how.

Alice Holzman, director of digital at LBP, says: "We have selected mBox because it will allow us to go faster to the market with a proven solution that will provide differentiation in customer experience and digital features."

Spawned from the internet platform of the former BRE Bank, mBank currently claims PLN 130 billion assets and serves 5.5 million customers in Poland, Czech Republic and Slovakia.

The bank, which has contracted with Accenture to act as integration partner for new licensees, says it is in commercial discussions with other prospective partners.

Maciej Szturmowicz, advisor to the management board of mBank, in charge of the mBox project, says: "Our initiative is dedicated to banks which want to establish their digital brands much faster than through multi-year transformation programs. What we are offering them is an integrated solution set with IT solutions and business know-how that proved to work well in practice. It’s a good choice for companies that face the challenge of digital transformation."

Beginning life as a digital challenger bank, Germany's Fidor has also moved into the banking-as-a-service arena, offering a suite of open APIs and hosted middleware that provides incumbent banks and new entrants with access to third party service providers and digitally-native online and mobile applications.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

ABN Amro IT exec joins Fidor as CIO

ABN Amro IT exec joins Fidor as CIO

07 June 2017  |  4567 views  |  0 comments | 3 tweets | 5 linkedin
Poland's mBank sets up EUR50 million fintech fund

Poland's mBank sets up EUR50 million fintech fund

16 March 2017  |  3954 views  |  0 comments | 6 tweets
Fidor Bank and Token sign MoU

Fidor Bank and Token sign MoU

19 December 2016  |  8320 views  |  0 comments | 13 tweets | 20 linkedin
Kreditech hires former mBank digital mastermind Panowicz

Kreditech hires former mBank digital mastermind Panowicz

07 October 2016  |  6646 views  |  0 comments | 3 tweets | 2 linkedin
Groupe BPCE agrees to buy Fidor

Groupe BPCE agrees to buy Fidor

28 July 2016  |  17574 views  |  1 comments | 53 tweets | 62 linkedin
Telefonica Germany launches Fidor-backed mobile banking service

Telefonica Germany launches Fidor-backed mobile banking service

25 July 2016  |  12610 views  |  1 comments | 20 tweets | 24 linkedin
Fidor sets up shop in Dubai

Fidor sets up shop in Dubai

14 June 2016  |  7076 views  |  0 comments | 7 tweets | 1 linkedin
MBank to spend EUR17 million on new network of 'Light' branches

MBank to spend EUR17 million on new network of 'Light' branches

15 December 2015  |  5970 views  |  1 comments | 13 tweets | 14 linkedin
MBank sponsors three-year degree course in digital banking and finance

MBank sponsors three-year degree course in digital banking and finance

29 September 2015  |  7587 views  |  0 comments | 12 tweets | 12 linkedin
Orange and mBank team on Polish mobile bank

Orange and mBank team on Polish mobile bank

20 March 2014  |  8818 views  |  0 comments | 13 tweets | 8 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comdownload the paper nowvisit www.temenos.com

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
13933 views comments | 29 tweets | 45 linkedin
AXA launches blockchain to cover late flight compensationAXA launches blockchain to cover late flig...
10881 views comments | 14 tweets | 30 linkedin
SBI Ripple Asia advances on South KoreaSBI Ripple Asia advances on South Korea
8852 views comments | 16 tweets | 1 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
8774 views comments | 19 tweets | 27 linkedin
ISO 20022: The common language of choiceISO 20022: The common language of choice
8602 views comments | 1 tweets | 2 linkedin

Featured job

A minimum of £200K (not a limiting factor)
London

Find your next job