Award-winning solutions for the Hungarian financial services market (x) (x)

A Swiss payment solutions provider, BPC Banking Technologies has brought cutting-edge innovations to Hungary. With FHB Bank's processing business in production, BPC is now active in in further markets. Vasily Volynskiy, Senior Vice President, Managing Director Europe shares his view on BPC's input to the Hungarian financial services market.
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"Since BPC's founding, our mission has been to use technology to help our customers deliver the most sophisticated products and services to their customers, quickly, efficiently and cost effectively. Our idea was to bring a technology that anticipated consumer needs and market trends before they become main-stream so that our clients are able to take advantage before their competitors. That's how we've created SmartVista" , starts Vasily Volynskiy.

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In fact, BPC is quite successful in following its star: with over 140 clients in 52 countries worldwide the company also runs over 10 national-scale projects. "We have engineered our company, our processes and our values to support and drive this growth", comments Volynskiy. BPC has been recognized by authoritative agencies as the Best Company for Innovation in the European payment technologies sector. In both 2014 and 2013 International Alternative Investment Review (IAIR) has recognized BPC for its commitment to delivering innovative solutions that enable companies to capitalize on the changing payments landscape. IAIR is an independent, global publication and one of the fastest growing magazines worldwide concerning the global economy and sustainability. BPC Banking Technologies entry was nominated from a survey of IAIR's 50,000 readers and reviewed by a panel of 50 journalists from around the world. Along with this BPC is regarded as the Best Payment Technology Provider in Eastern Europe by World Finance Technology Awards, who recognize the most innovative companies across the world. BPC Banking Technologies met all ten criteria including technical leadership, customer satisfaction, innovation and flexibility, and ease of implementation, demonstrating strong expertise in leveraging the latest technologies to deliver business agility to its customers worldwide. In particular World Finance focused on BPC's achievements in the European market. Having entered the financial services market in Hungary in 2014 as the only technology provider capable of meeting the ambitious plans of FHB and its partners, BPC worked on levelling up the transparency of the whole payment infrastructure while bringing convenient and secure services 24/7 using all card payment mechanisms, including EMV, chip, mag-stripe, international or local payment systems. According to FHB, in the current revival of the whole banking industry of Hungary, the bank is looking forward to adjusting global practice to local needs. "Our bank is known for offering innovative and secure products to our clients. We chose SmartVista because it is the best solution on the market, and is a perfect fit for our project to build a completely new payment business of our own. The project, which is currently in production, involved switching the largest POS network in the country, known for its high volume transaction loads, and is only the first in a series of innovations and payment enhancements FHB plans to bring to Hungarian market," says Béla Kappéter, Head of communication, FHB Bank.

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But what does it take for BPC to show the tenacity to stay relevant, delivering technology which enables business objectives and satisfying customers? "It takes total commitment to customer success. It takes focus on ensuring that our customers can deliver what their customers demand at a price point that is attractive and profitable. BPC is uniquely placed to help customers address tomorrow's needs today. We do this through a combination of functional coverage, innovative design, modular structure and market leading scalability. When these product attributes are combined with our commitment to customer success and our 100% focus on the payments business then we are uniquely positioned in the market" , concludes Vasily Volynskiy.

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