Budapest, 1024,
Hungary
CIB Bank Technographics
Discover the latest software purchases and digital transformation initiatives being undertaken by CIB Bank and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 1200 CIB Bank employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.
During our research, we have identified that CIB Bank has purchased the following applications: Apple Pay for Payment Processing in 2020, Finastra Misys FusionBanking Equation for Core Banking in 2017, Vivocha for Customer Engagement in 2018 and the related IT decision-makers and key stakeholders.
Our database provides customer insight and contextual information on which enterprise applications and software systems CIB Bank is running and its propensity to invest more and deepen its relationship with Apple , Finastra , archifm.net or identify new suppliers as part of their overall Digital and IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.
We have been analyzing CIB Bank revenues, which have grown to $340.0 million in 2024, plus its IT budget and roadmap, cloud software purchases, aggregating massive amounts of data points that form the basis of our forecast assumptions for CIB Bank intention to invest in emerging technologies such as AI, Machine Learning, IoT, Blockchain, Autonomous Database or in cloud-based ERP, HCM, CRM, EPM, Procurement or Treasury applications.
ERP Financial Management
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Apple | Legacy | Apple Pay | Payment Processing | ERP Financial Management | n/a | 2020 | 2020 |
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ERP Services and Operations
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Finastra | Legacy | Finastra Misys FusionBanking Equation | Core Banking | ERP Services and Operations | n/a | 2017 | 2017 |
In 2017 CIB Bank implemented Finastra Misys FusionBanking Equation as its Core Banking platform. The deployment targeted CIB Bank, Intesa Hungary, a Hungary-based banking group with approximately 1,200 employees, establishing a centralized processing foundation for retail and central banking operations.
The implementation configured Core Banking modules typical for a modern equation implementation, including deposit and account management, payments and clearing, transaction posting and real-time ledger updates, customer information management, and lending and credit accounting. Finastra Misys FusionBanking Equation was instrumented to support straight-through processing and consolidated transaction workflows across retail product lines.
Operational scope covered branch retail operations and centralized back-office processing within Hungary, aligning the application with retail banking, operations, payments, and finance functions. Configuration emphasized standardization of ledger controls and automated posting rules to reduce manual reconciliation, consistent with Core Banking functional expectations.
Governance and rollout were described as an upgrade executed smoothly and deemed a significant success, with the bank s Chief Retail Banking Officer Tamas Akos stating the upgrade gives CIB, Intesa Hungary the necessary foundation to become a number one digital player possibly beyond Hungary. The Finastra Misys FusionBanking Equation implementation provided the structural core required to support ongoing retail banking digital initiatives.
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Real Estate Property Management | ERP Services and Operations |
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2011 | 2011 |
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CRM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Usercentrics | Legacy | Vivocha | Customer Engagement | CRM | n/a | 2018 | 2018 |
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Customer Experience | CRM |
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2018 | 2018 |
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Customer Experience | CRM |
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2018 | 2018 |
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PaaS
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
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Apps Development | PaaS |
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2018 | 2018 |
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IaaS
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Application Hosting and Computing Services | IaaS |
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2015 | 2015 |
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CyberSecurity
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Secure Web Gateways (SWG) | CyberSecurity |
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2014 | 2014 |
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Professional Services
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Professional Services | Professional Services |
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2022 | 2022 |
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