Alior Bank, BNP Paribas and PKO Bank Polski –banks representing approx. 30 per cent assets of the Polish banking sector – have invested together in Autenti – a Polish fintech whose offer includes a platform for electronic agreement signing and digital workflow of documents. This is the very first joint transaction of such a type, carried out in the Central and Eastern Europe region on an equal basis. The just-closed round of financing amounted to PLN 17 million. The Autenti investors are eager to cooperate with the banking community, which could support the creation of a Polish standard for, both, remote signing and digital workflow of documents, and thus the development of environmentally friendly solutions in this area.
Clients using services offered on the Polish market expect that the remote conclusion of agreements will become even simpler and quicker, and – at the same time – safe. The cooperation of banks – which compete with one another on a daily basis – may help meeting these expectations, which is why we have decided to invest in Autenti by means of the PKO VC fund. PKO Bank Polski continues the digital transformation and, in line with its strategy, is transforming into a banking platform. One of the activities incorporating within the strategy will also be the business use of the Autenti platform in the bank's daily operations. In synergy with other tools at our disposal, it will allow us to improve the electronic workflow of documents further.
says Zbigniew Jagiełło, CEO of PKO Bank Polski
PKO Bank Polski is the undisputable leader of the Polish banking sector. In third quater 2019, its consolidated net profit amounted to PLN 1,23 bilion (the largest in the Polish banking sector) and the value of assets reached over PLN 342 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 9.2 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 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. The effective implementation of the growth strategy meant that at PKO Bank Polski is the most valuable company listed on the Warsaw Stock Exchange.