PKO Bank Polski has pursued its digitalization objectives, included in the “PKO Banking Platform” strategy launched in the autumn of 2019, and it is getting ready for a migration of its IT architecture to the National Cloud. In this manner, the Bank intends to provide itself and its customers with an innovative, secure and cost-effective development environment. As a result, the Bank, as well as its customers, will have access to the same technological potential as their competitors in countries, in which cloud-based services are used on a much broader scale.
The banking development model implemented so far, based on our own IT infrastructure, is no longer effective. Implementation of subsequent digital solutions in this model takes too long and is too costly. Even before the COVID-19 pandemic, many signs suggested that broader use of cloud-based services was necessary to maintain the digitalization pace. Now, when the banking sector has shifted quickly from the branch-remote to remote-branch model, digitalization will have to increase its pace even more, which means that broader use of cloud-based services by banks is simply inevitable. A change in the IT model is a component of our strategy PKO Banking Platform, launched in the autumn of 2019.”
- said Zbigniew Jagiełło, the President of the Management Board of PKO Bank Polski
PKO Bank Polski uses selected services of the NCO. First we established 11 thousand workstations for banking consultants in the cloud, which are being launched right now. Thanks to strategic partnerships of our National Cloud Operator company, all conditions have been met for migration of the banking IT systems to the cloud. Having access to the Google and Microsoft Azzure cloud platforms through our company, we can now safely enter the path to the cloud. At present, we are transferring the heart of our IT banking infrastructure - Alnova - to a platform, which is cloud-friendly. We want to make sure that in three years at the latest, the key business IT systems of the bank will operate in the computational cloud based on a hybrid architecture.”
said Adam Marciniak, the Vice President of the Management Board of PKO Bank Polski
PKO Bank Polski is the undisputable leader of the Polish banking sector. In first half of 2020, its consolidated net profit amounted to PLN 1,3 bilion (the largest in the Polish banking sector) and the value of assets reached over PLN 377 billion. The Bank is the basic provider of financial services for all customer segments, achieving the highest shares in the deposit market (18.4 percent), loans (17.6 percent), leasing market (11.2 percent) and in the market of investment funds not dedicated (22.2 percent). With over 9.46 million payment cards, the bank is the largest debit and credit card issuer in Poland with a market share of over 21%. Thanks to the development of digital tools, including the IKO application, which has in the end of third quater of 2019 - 4,7 million active applications, PKO Bank Polski has become the most mobile bank in Poland. The Capital Group's companies strengthen the Bank's strong position. The Brokerage House of PKO Bank Polski is a leader in terms of the number and value of IPO and SPO transactions on the capital market.