Alfa-Bank Belarus, part of the Alfa-Bank Group valued at $44 billion in total assets, has completed its migration to the WAY4 platform by OpenWay, a top-ranked digital payment software provider. Well-known in Eastern Europe for its digital banking approach, Alfa-Bank migrated its payment cards and online services to an on-premise WAY4 solution to cut operational expenses and time-to-market, and promote innovation.
“OpenWay’s flexible approach to the project implementation strengthened the basis of our future partnership in developing new digital banking products,” – says Rafal Juszczak, CEO at Alfa-Bank Belarus.
One of the specific project requirements was to transmit progress of the migration in real time. Over 50,000 bank clients could monitor every step of the migration process, which significantly reduced in-bound calls to the customer support center and online chat messages.
Processing in-house enables Alfa-Bank to introduce new banking products and services while controlling costs.
“The success of the project was achieved through collaboration and a joint Alfa-Bank and OpenWay team sharing the same vision. Another key to success was the project management excellence that aligned with the project’s goals” – notes Dmitry Dovgal, Deputy Director of Business Development at OpenWay.
Alfa-Bank Belarus is a leading private bank in the Republic of Belarus. According to IFRS reporting as of the end of 2017, Alfa-Bank Belarus is a top-10 bank in the Republic of Belarus based on the amount of total assets, total capital, loan portfolio and attracted assets. The bank’s strategy – “In the Rhythm of Life” is focused on the digitalization of processes. Markswebb rated the bank’s application among the top 10 bank applications in the CIS and Georgia.
OpenWay Group is #1 ranked in digital payment processing software by Gartner since 2009 and the leader in digital wallet software by Ovum since 2016. Its WAY4 open platform is a market-leading solution for card and account issuing, merchant acquiring, transaction switching, omni-channel digital banking, digital wallets and tokenization, e-commerce gateway, loyalty, and fleet cards. WAY4 software solutions are used by tier-1 and start-up banks, processors, payment switching, telecom and oil companies in Europe, the Americas, Asia, the Middle East, and Africa. We started in 1995 and have grown into a global company with a HQ in Belgium and 16 offices and representations around the world.
WAY4 is the choice for companies looking for revenue-generating, cost-efficient, real-time payment processing. It offers product and service flexibility, dynamic pricing, event-driven architecture, innovation, scalability and high performance. Our clients rely on OpenWay’s expertise to migrate smoothly from rigid and expensive legacy systems to the modern WAY4 payment platform.