Dublin’s Leveris to digitally transform largest Czech bank

Dublin tech firm Leveris to assist the Czech Republic’s largest bank Česká spořitelna in building a modern, modular banking system.

Irish banking technology company Leveris has been chosen by Česká spořitelna, the Czech Republic’s largest bank, as partner for the transformation of its IT infrastructure.

The Dublin company, founded by Conor Fennelly, has software development teams based in Prague, Brno and Minsk.

“This partnership will enable us to offer further enhanced products and services to our four million-plus customers”

The cooperation involves generating a blueprint for developing new software, a new database and general infrastructure, as well as training Česká spořitelna employees on how to deploy and operate a modular banking system.

Setting banking trends

 Leveris said the development of a new modular system will see Česká spořitelna, which has a banking heritage going back to 1825, launch products even faster, operate in real-time, respond to customer needs, and manage it all at a much-reduced cost.

“This project represents a really strong endorsement of Leveris and presents a great opportunity for Česká spořitelna to transform its digital offering in the Czech market,” said Fennelly.

“Right now, we are forming more partnerships with major banks and organisations to boost their ability to better serve digital-savvy banking customers now and in the future.”

The deal comes just months after Leveris launched Leveris Digital Bank, a platform that comes pre-integrated with all the essential banking services you need to run a digital bank. It was built to enable traditional and challenger banks as well as consumer brands to provide a banking solution at a fraction of the cost with quick-to-market capability.

“What struck us about Leveris’ application for this project was its ability to develop the kind of technology that delivers an outstanding experience for both bank and end-user,” Petr Bravek, COO, Česká spořitelna said.

“This partnership will enable us to offer further enhanced products and services to our four million-plus customers.”

By John Kennedy (john.kennedy3@boi.com)

Published: 7 December 2020