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ČSOB selects Camunda to support core banking transformation
Yahoo Finance· 2025-11-27 12:44
Core Insights - Czech commercial bank ČSOB has chosen Camunda as its process orchestration and automation platform to modernize core banking operations [1][2] - The partnership aims to simplify ČSOB's product portfolio, optimize internal workflows, and reduce system complexity [1][2] Implementation Details - The implementation is part of ČSOB's broader transformation program aimed at establishing an advanced platform across the organization [2] - ČSOB's executive director highlighted that Camunda will enhance customer experience and operational excellence across all channels [2] Technology Benefits - Camunda's platform will enable ČSOB to eliminate duplicate system architectures and lower future infrastructure costs [2][3] - The technology supports faster delivery of new products through parameterization instead of custom software development, speeding up time-to-market [3] - It will facilitate integration with third-party providers and extend services beyond traditional banking, unifying processes across digital and branch channels [3] Company Statements - Camunda's senior vice president expressed pride in supporting ČSOB's journey toward process excellence in core banking [4] - The platform is designed to help organizations overcome complexity and accelerate digital transformation [4]