Case Study: CIB Bank achieves 35–46% core banking cost reduction and profitable growth with Finastra’s Fusion Equation

CIB Bank Upgrades Core Banking to Grow Profits and Market Share

CIB Bank, a Hungarian commercial bank serving nearly 450,000 customers and a subsidiary of Intesa Sanpaolo Group, needed to modernize its core banking to deliver feature-rich omni-channel services and reduce an elevated cost-to-income ratio (over 70%). To meet this challenge the bank partnered with Finastra and chose to upgrade its core platform to Fusion Equation (upgrading to Fusion Equation 4.3).

Finastra, working with implementation partner Ness and leveraging Fusion Optimize and the Fusion Advance upgrade approach, completed the migration in under nine months and on budget. The upgrade is projected to cut annual Fusion Equation running costs by 35% over five years and 46% over ten years, help reduce CIB Bank’s cost-to-income ratio by about 20% (to under 55%), improve system performance and product deployment speed in lending, and enable more agile, secure digital services.

CIB Bank

Tamás Ákos

Deputy Chief Executive Officer