O.R. System signs a new partnership with Informatyka Bankowa Polsoft in Poland

Posted on24/02/16

O.R. System, a software publisher for counterparty risk management, financial analysis and internal rating, announces a new partnership with the Polish company IB Polosoft. The partnership is part of O.R. System’s international development plan, who also has customers in Brazil and Maghreb. Based in Poznań, IB Polsoft provides end to end Credit Risk and IT solutions in Poland. Both companies recently signed the agreement in Montpellier, south of France.

Poland is one of the most dynamic economy in Europe, thanks to a strong financial market. In order to gear the region towards a robust banking industry, the Central Bank of Poland is currently strongly boosting banks to implement global risk management standards, such as Basel II and III, which requires banks to maintain elaborate loss histories and make data available for deriving stress test impacts. O.R. System’s flagship offering ANADEI provides such an advanced counterparty risk management solution.

In order to be accompanied in this vast market with many opportunities and a new culture, O.R. System chose to partner with IB Polsoft and benefit from its expertise and knowledge of the local market.

Kajetan Wlazło, CEO of IB Polsoft comments, “As an IT solution provider and an expert of the Polish market, IB Polsoft saw in the ANADEFI product a major opportunity to address a growing market need. It is a financial analysis and rating end to end solution, compliance oriented, easy to implement by the business with little IT intervention. To localize, promote, commercialize and implement ANADEFI is now one of our priorities.”

Jean-Luc Fort, CEO of O.R. System, adds, “The Polish market is booming and ANADEFI, a solution used by most French banks, addresses a strong need. Polsoft is an acknowledged partner who can help us better address the local market and manage all the opportunities that arise. We have already met with several major local prospects and are going to announce new customers in the coming months.”