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“We are excited about the cooperation with  PKO BP. It is marvelous to behold how the largest bank becomes also a tech leader with our help!”

comments Krzysztof Pulkiewicz, CEO of BanqUP.


PKO BP is one of the largest Polish banks, with over 1.22 bln PLN net income and asset value over 329 bln PLN. The company manages the largest chain of branches in Poland, being nearly a synonym of a large, established bank.


To meet the challenges of the changing world and adjust the operations to fit the customer needs, the company launched a “Let’s Fintech” startup acceleration program. Fintech startups were invited to participate and test their products in a real banking and financial environment. Over 300 startups were participating. After the initial phase, 30 young companies were invited to forge cooperation with PKO BP. Yet only 10 solutions were chosen to implement to support the bank in daily operations with BanqUP being one of them.




“Due to cooperation with us, PKO BP will be one of the first European banks and arguably the first one in the Eastern Europe to leverage all the advantages of open banking implemented by PSD-2 directive” comments Krzysztof Pulkiewicz.


The banking redesigned


The PSD-2 obligates banks to deliver an open API to exchange the data with other institutions that would like to access the data, as long as they are permitted by the regulations and the data owner. This enables banks to exchange the information in a fast and seamless way as well as forge cooperations with Third Party Providers.


“Banks are used to deliver a closed environment with a client entrenched within. This is going to change soon with multi-bank-accounts solutions providing the users with information on all their accounts, deposits and investments within a single environment” says Pulkiewicz.


This vision will soon be real by the cooperation of PKO BP with BanqUP. Startup was in charge of delivering an open banking solution integrated with the existing banking ecosystem.


Small business empowered


The company also supports PKO BP with analytics platform to deliver even better offering for SMB sector. The company also supports PKO BP with analytics platform to deliver even better offering for SMB sector.


“It is common for small companies to not leverage the power of business intelligence tools” says Anna Ciesielska, BanqUP COO and founder. “Yet there is a lot of knowledge within a data and business intelligence is the best tool to dig it out”.


With the augmentation delivered by BanqUP companies will get a comprehensive platform that delivers information KPI’s, cashflow analytics and budget goals management among others. With the augmentation delivered by BanqUP companies will get a comprehensive platform that delivers information KPI’s, cashflow analytics and budget goals management among others.


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ABOUT US

BanqUP is an API-driven platform for open banking solutions, allowing for banks and fintech companies to access a number of European banking APIs.
BanqUP helps TPPs and banks quickly access open banking ecosystem and analyze banking data, allowing them to create bold and innovative solutions, as well as cross-sell and up-sell their existing product.

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