The Institut Català de Finances (ICF) is making further progress in its digital transformation process. Together with technology provider Rural Servicios Informáticos (RSI), the bank has successfully completed the rollout of a new banking platform which will enhance efficiency, daily operations and handling procedures and transactions. The new technology platform is completely flexible and will enable the ICF to expand the catalogue of products it provides by sharpening the focus on customers.

The public financial institution has chosen RSI’s technology platform based on the Banking as a Service (BaaS) model. This is a state-of-the-art technological solution with data in the cloud which not only complies with banking regulations for credit institutions but is also completely secure and constantly evolving to meet the financial industry’s requirements. Furthermore, the “as a service” banking model will enable the ICF to expand its product catalogue in a customer-centric approach bringing flexibility and responsiveness while adding new services in line with its strategy.

This platform migration is key to our ongoing progress as we are committed to innovative technological solutions which enable us to address our customers’ current and future needs,” says ICF CEO Víctor Guardiola. “This is without a doubt a major milestone in the ICF’s digital transformation plan which has been made possible by our team’s engagement and commitment and RSI’s support.”

RSI is one of the leading providers of core banking services and over 60 financial institutions are now connected to its technology platform.

“Our product has been evolving for over 30 years and this is down to continuous investment and a wonderful team which brings together technical skills and expertise in the banking business,” notes RSI’s CEO, Carlos Cervero.This is the only way to deliver a flexible and customisable platform which can support the business of numerous financial institutions and fintechs, each with its own unique marketing strategy, in these times of change and tight regulation. For us it is a privilege to partner the ICF in its digital transformation, and unquestionably the success of this integration project means above all a glimpse into the future due to the range of options afforded by our solution.”

The unveiling of the new banking platform rounds off the first stage of the bank’s digital transformation. It has seen 15 projects rolled out to bring in new tools and processes which have shortened response times, enhanced the customer experience and streamlined internal processes.

About the ICF

The Institut Català de Finances is Catalonia’s public financial institution. Its main mission is to foster funding for the business community in Catalonia in order to support the growth, innovation and sustainability of the Catalan economy. The ICF acts as a complement to the private sector by offering a wide range of financing solutions focusing on loans, guarantees and venture capital. Since 2014 it has been a member of the European Association of Public Banks (EAPB), which brings together most of the public banks and financial institutions operating in Europe.

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