New Partnership Between Two Technology Leaders Brings Custom Digital Solutions to European Loan Providers

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September 17, Prague – Trask, ranked among the top five IT service providers in the Czech Republic, has entered into a partnership with ApPello, a leading Hungarian provider of software products. ApPello is an established and currently leading supplier of platforms for online loan origination and management in Europe. The partnership, which combines product and implementation experience, knowledge of regulations, and familiarity with the financial institution environment, offers the capability to efficiently prepare customized solutions for Czech and European companies.

Trask, a Czech technology and consulting company, is among the top five Czech IT companies and is a domestic leader in digitalization. From the beginning, it has also been a significant implementer and a stable partner of many Czech companies and institutions, many of which are in the financial sector. In early August, Trask linked its longstanding implementation and technological know-how and environmental knowledge with ApPello, whose software platforms for online lending are among the most used in Europe.

The partnership between product-oriented and implementation companies is a logical step, especially given the growing trend of purchasing product platforms over custom software development.

In recent months, we have noticed a clear preference for product deliveries over development among Czech companies. However, internal development and teams must also be supplemented with external knowledge. The partnership we have established with ApPello enriches our clients with elements of know-how from companies focused on development. These elements are reflected in proven and used digital solutions that companies can work with immediately without having to develop or modify them themselves. We thus provide integrated experiences that just need to be implemented into their environment.

Pavel Riegger, CEO of Trask

ApPello and Trask bring Czech and European financial companies the opportunity to get closer to their customers, save costs and time, and optimize or automate internal processes related to financial products with tailored solutions easily adapted to their needs.

Covid-19 has anchored remote work around the world, which is not going away anytime soon. In such an environment, paper processes have no place in terms of efficiency, effectiveness, and sustainable agendas. Therefore, banks must overcome obstacles in the form of creating IT architectures that will meet customer demand and new expectations regarding banking products, services, and time to market. Customers want a bank account or loan that can be accessed immediately and not wait weeks or months for approval. Connecting a finished product with the help of a trustworthy implementation partner like Trask, who knows the environment and the market, is thus the fastest and most efficient way to get to the necessary solutions and the important know-how.

Béla Vér, CEO of ApPello

About Trask

Trask, a Czech technology and consulting company, has long been one of the top five most successful providers of IT services and digitalization leaders in the Czech Republic. It has been active and innovating in the market since 1994. Trask has been a long-term partner to companies and institutions in the areas of banking and finance, telecommunications, commerce, and manufacturing, both in the Czech Republic and abroad. Its clients include Česká spořitelna, ČSOB, MONETA Money Bank, Komerční banka, and Škoda Auto. For several years in a row, it has achieved a turnover of over 1 billion Czech crowns.

About ApPello

ApPello is a specialist in the field of digital lending platforms and provides comprehensive solutions within the cloud banking ecosystem. ApPello offers banks, financial institutions, neobanks, and ecosystem partners digital tools that simplify lending and help improve competitiveness in a changing environment. The comprehensive solutions provided by ApPello help banks configure, test, and implement lending products and services, thus growing their business and improving customer experience. With its European headquarters in Budapest, ApPello operates throughout Europe and cooperates with banks, neobanks, non-banking financial institutions, and their ecosystem partners. Over the last 20 years, ApPello has established itself as a leading supplier to the most significant Tier 1 banks.

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