Case Study: MONETA Money Bank achieves 30% cost savings and accelerates digital transformation with Fiserv's FirstVision platform

Working with Fiserv, MONETA Money Bank realises 30 percent cost savings and reduces regulatory and compliance costs

MONETA Money Bank, a.s., a leading independent Czech bank serving more than 13% of the population through branches, ATMs and a market-leading digital platform, needed to accelerate its digital transformation by replacing a costly, customized legacy system for credit and debit accounts. The bank sought to reduce high fixed and regulatory compliance costs, simplify a complex supplier landscape and speed product innovation — all while executing the change remotely because of the pandemic. MONETA selected Fiserv and its FirstVision platform to address these needs.

Fiserv implemented FirstVision as a SaaS card-processing and ATM switching platform (including fraud monitoring and 3‑D Secure), tailoring the solution to MONETA’s priorities and migrating systems over a single weekend with 250+ people. The project changed 27 systems and 150+ APIs and moved more than one million cards with no service interruption. As a result, MONETA realised up to 30% immediate cost savings, reduced regulatory and compliance costs, and significantly accelerated time-to-market for new products.

MONETA Money Bank

Jiri Mizera

Chief Information Officer