January 25, 2021

Česká Sporitelna signs infrastructure deal with Leveris

Irish core banking firm Leveris has sealed an infrastructure project with Česká Sporitelna, the largest bank in the Czech Republic.

Leveris has a development team in Prague

The deal involves the development of new software, the creation of a new database, and general infrastructure improvements.

Leveris will also have a hand in training Česká employees to operate their new banking system. The vendor promises the new platform is modular as standard.

Petr Bravek, COO of Česká Spořitelna, says Leveris showed an ability to develop technology with “outstanding experience” for bank and end user.

“It was built to enable traditional and challenger banks as well as consumer brands to provide a banking solution at a fraction of the cost with quick-to-market capability.”

Česká, part of Austria-based Erste financial group, holds around €62.4 billion in assets. The bank has 450 branches across its home country, and employs 9,900 people.

Conor Fennelly, Leveris founder and CEO, says the deal represents a “really strong endorsement” of his firm.

“Right now, we are forming more partnerships with major banks and organisations to boost their ability to better serve digital-savvy banking customers now and in the future.”

While based in Ireland, Leveris operates development teams in Prague, Brno, and Minsk, employing 150+ people. The vendor’s first-ever customer, Bondster Marketplace, is also Czech.

Leveris has roots in the Czech Republic – its development team was behind the creation of local banking player Air Bank ten years ago.

Related: Core banking platform Leveris pulls in investment