Efigence for Alior Bank in Romania

Efigence for Alior Bank in Romania

Alior Bank’s Branch in Romania together with the operator Telekom Romania Mobile Communications from the Deutsche Telekom Group launched Telekom Banking – a new digital financial service. The Polish technology company Efigence partnered in this project, being responsible for the online exchange platform.

The online exchange platform is one of two main Telekom Banking services’ pillars, alongside daily online banking. This is a brand new solution on the Romanian market. Efigence was responsible for designing an interface, enabling an enhanced user experience for customers as well as technology implementation and integration.

Efigence is a long-term partner of Alior Bank. We have been working together on the Polish market in the field of technology for almost 10 years with very good results.

- Marek Lesiak, President & CTO of Efigence

“The bank was awarded several times for the projects we delivered together, eg. receiving the “BAI – Finacle Global Banking Innovation Award” in the Channel Innovation and Disruptive Innovation categories or “Banking Technology Awards” in Best Use of IT in Retail Banking and Best Internet Banking Services Provider categories. We are delighted that Alior Bank appreciates our cooperation and decided to work with us on the international market as well.” adds Marek Lesiak.

Through the online exchange platform, Telekom Banking’s customers benefit from real-time exchange rates for 10 foreign currencies.

- Tomasz Dośpiał, Head of eFX Commerce in Alior Bank

“It is also important, that you do not need to have the full amount of money available. It is necessary to hold at least 5 percent of the traded amount, and within two working days to provide the required difference for the completion of the exchange.” explains Tomasz Dośpiał.
The concept of the online exchange platform was firstly launch by Alior Bank in Poland in 2012. It has been a great success. The turnover of the currency exchange platform amounted to almost PLN 13 billion in 2016, which is nearly 1% of Polish GDP. In 2016 the number of exchange counter users exceeded 220 thousand and the number of transactions exceeded 2 million.

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