Vendors
日本語
search
  2. //
  3. Reports & insights
  4. //
  5. MONETA Money Bank: Transforming Cards with a SaaS Solution

MONETA Money Bank: Transforming Cards with a SaaS Solution

Create a vendor selection project
Click to express your interest in this report
Indication of coverage against your requirements
A subscription is required to activate this feature. Contact us for more info.
Celent have reviewed this profile and believe it to be accurate.
We are waiting for the vendor to publish their solution profile. Contact us or request the RFX.
Projects allow you to export Registered Vendor details and survey responses for analysis outside of Marsh CND. Please refer to the Marsh CND User Guide for detailed instructions.
Download Registered Vendor Survey responses as PDF
Contact vendor directly with specific questions (ie. pricing, capacity, etc)
16 March 2022
Zilvinas Bareisis

Winner of Celent Model Bank 2022 Award for Retail Payments Transformation

Abstract

MONETA Money Bank replaced a complex and costly arrangement for credit and debit card management to increase efficiency, to reduce expenses and dependency on multiple vendors, and to advance its digital transformation. The previous in-house solution had become increasingly expensive to operate and maintain due to high fixed costs, regulatory compliance, and processing and related services costs. The system was restricting MONETA’s forward-looking strategy to position itself as the leading digital bank in the Czech Republic. The shift towards an outsourced SaaS approach with one single vendor - Fiserv's FirstVision - reduced costs by 30% and triggered visible digital transformation.

MONETA’s initiative demonstrates how the right partners and meticulous execution can help deliver successful digital transformation. It is a deserving winner of Celent’s Model Bank 2022 award for Retail Payments Transformation.

Access More