mBank licensed its electronic banking solution to a French partner

mBank licensed its electronic banking solution to a French partner

The internationally awarded mobile and internet banking platform will be offered to other financial institutions outside Poland. The first licence has been bought by France’s La Banque Postale. Accenture is mBank’s strategic partner and will help implement the solution at La Banque Postale. Licences for banking systems and retail banking know-how might be granted to other companies in the future. It is the first venture of this kind in the Polish finance industry.

mBank has launched the mBox project to license its retail banking solutions to partners outside Poland. The license scope includes electronic platforms as well as product, process and sales know-how.
mBank is a model success story in retail banking. Within only a few years the internet platform created by the former BRE Bank has put it among the biggest and fastest growing banks in Poland. Today, the bank operates under the single mBank brand with PLN 130 billion assets and serves 5.5 million customers in Poland, Czech Republic and Slovakia.
The first partner to use mBank’s know-how will be France’s La Banque Postale owned by the French postal service company La Poste. La Banque Postale has already signed the licence agreement and started implementation program.
– 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 – comments Alice Holzman, Director of Digital at LBP and Lead of the New Digital Bank Program.
Meanwhile, mBank continues commercial discussions with the next potential partners.
The mBox project is managed and delivered in strategic partnership with Accenture, which provides comprehensive support to the buyer in implementing the project.
Marcin Zygmanowski, Managing Director, Digital Banking, at Accenture, said: – By leveraging the mBox platform we can help accelerate and scale the implementation of digital banking, focusing on features that define a unique and diffentiating offering for each client to provide to their customers. Accenture’s capabilities in consulting, digital, technology and outsourcing help tailor mBox to the specific needs of clients. This innovative approach is unique worldwide and we are excited to embark on this first project.
– 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. This challenge is likely to become even bigger for example with the PSD2 directive – explains Maciej Szturmowicz, advisor to the management board of mBank, in charge of the mBox project.
– We are opening the new chapter of Polish banking. By licensing our solutions to foreign partners, we are transferring Polish banking know-how to international markets. This project is important not only to our bank, but to the Polish economy as a whole. It proves that the Polish banking sector is innovative and that the solutions it creates are noticed and highly appreciated outside Poland – says mBank’s CEO, Cezary Stypułkowski. According to Mr Stypułkowski, thanks to such initiatives as mBox, mAccelerator or Orange Finanse, the bank shows its ability to leverage its technology in various ways and business models.
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