System bank with longest tradition of banking in Slovenia
Nova KBM is a bank with over 160-years long tradition of banking in Slovenia. Under the aegis of global alternative investment manager firm Apollo Global Management, Inc. (Apollo) and European Bank for Reconstruction and Development (EBRD), the bank is following its vision to become the best bank in Slovenia.
An important factor on the path to excellence was the bank's decision to implement the Hibis information system and optimize its business processes.
Process adjustments and Hibis model bank solution
The Hibis implementation represented the most complex transition to a new information system in the bank's history. For successful implementation within the given deadlines, the adoption of so called Hibis model bank solution was crucial. Hibis model bank or standard Hibis solution offers wide range of software solutions that satisfied the overall operations of the bank and took care of the automation of existing business processes and their adaptation to best practices in the market.
At the same time the implementation of this solution means proven, stable and reliable support that brings embedded good practice, resulting in optimization of resources and continuous improvements in software quality. In era of rapid change and the need to adapt to the needs of the market and regulators, this is a key advantage over the competition.
The project was completed within the set deadlines; the migration ran according to the planned scenarios and without significant migration issues and was extremely smooth given the scale. The number of applications was significantly reduced, which greatly decreased subsequent operating costs and simplified the entire information infrastructure.