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Alior Bank’s Alior Kantor to Deploy Efigence’s EFI4 Digital Banking Platform

Digital banking technology provider Efigence is deepening ties with Poland’s Alior Bank through a partnership with Alior Kantor, the bank’s online banking currency exchange brokerage.

Alior Kantor has deployed Efigence’s EFI4, a digital banking platform that combines off-the-shelf technology with a customized user experience for each client. The new user interface was recently introduced in Alior Kantor’s Polish and Romanian markets.

With the new launch, Efigence’s EFI4 fuels a new version of Alior Kantor that helps improve customer interaction with the bank and generate revenue by way of customer acquisition, up-selling, and maintenance. The new platform aims to offer a seamless user experience starting from onboarding, which takes less than five minutes. Accounts come with a multi-currency card with competitive exchange rates, account-to-account and peer-to-peer money transfer capability, weekend currency exchange, and more.

“We are more than happy that this product was implemented in two independent markets – Poland and Romania. It’s undoubtedly the right choice for modern and digital-based financial companies like Alior Bank,” said Marek Lesiak, Efigence President and CTO. “Thanks to this powerful digital banking platform the currency exchange has never been so smooth and easy. Moreover Alior Kantor, based on EFI4, is fully compliant with PSD2 and offers facilities for third party providers.”

Today’s news comes two years after Efigence began working with Alior Bank in the Romanian market and more than a decade after Efigence first began working with Alior. The digital banking technology provider’s other clients include Idea Bank, mBank, Nordea, Kontomierz, and Emirates NBD.

Efigence, which most recently demoed at FinovateEurope 2018, took home Best of Show honors for its demo with mBank in 2013. Efigence was founded in 1995 and is headquartered in Poland.