SIVECO Romania implements systems for Private Pensions and Core Insurance | SIVECO Romania

SIVECO Romania implements systems for Private Pensions and Core Insurance

Wednesday, July 4, 2007


Bucharest, 4th  July 2007 – SIVECO Romania is consolidating its position of integrator of information applications, by announcing the signing of an exclusive partnership for Romania with COMARCH company in Poland.

The collaboration with  COMARCH,  IT market leader for Central Europe and one of the most important players in the region, aims to support the development of the Romanian finance & banking sector  through dedicated, eficient and complex IT based solutions.

COMARCH’S portfolio, exclusivelly distributed in Romania by the company SIVECO Romania, offers support through specialized solutions, such as:

  • The complete and complex solution for business management for the insurance market through the COMARCH systems of core-insurance (Life and Non-Life), management of the insurances portfolio, calculations of commisions, a debt collection system, a dedicated CRM (Customer Relationship Management);
  • Solution for the administration of private pension funds;
  • Solution for the management of investment funds;
  • Other solutions, like: Brokerage System, Custodian, Systems for Core-Leasing, Internet Banking, Internet Investment etc.

The two partner companies intend to replicate in Romania numerous succesful projects implemented by COMARCH  for a large number of important financial groups form Central and South-Eastern Europe. 

„We are convinced that this partnership will represent a success for the financial & banking market, as both SIVECO Romania and  COMARCH Poland are companies with an extensive expertise in implementing complex solutions. Moreover, we perfectly understand the specific needs of the financial market in Romania, with help of a team trained not only at the IT level, but also at business and legislative level”, says Andreea Niculae, Business Development Manager, Financial Services Industry at SIVECO Romania. 

For SIVECO Romania, the financial & banking sector represents a line of business on its own, as the company intends to have a more intensive contribution to the maturing and modernization of this sector, essential for the Romanian economy. SIVECO’s portfolio addressing this sector consists of own products and services, as well as partner solutions, which benefit of the experience and significant implementations at European level.

Among the successful projects carried out by SIVECO Romania in the financial &banking area are the implementation of monitoring and reporting systems, by which the monitoring of banking market as well as the non-banking financial market is ensured (The National Bank of Romania) and, respectivelly, the insurance market and insurance brokers’ market (The Insurance Supervisory Commision). Another project, with outstanding impact on the financial sector , was the SIVABON solution – a solution implemented at the Credit Bureau, a solution  that currently helps 32 participants to consult the data base of the Credit Bureau, in order to receive the credit report; this report includes information (negative dta, positive data) on the clieint’s „financial” behavior – individual persons .

SIVECO Romania’s references in the financial & banking sector include important projects for organizations like Raiffeisen Bank, CEC, Citibank, Romanian Commercial Bank, Transilvania Bank, ING LIFE etc

About  COMARCH Poland

With subsidiaries in Germany, France, Belgium, USA, Panama, Finland, Russia, Ukraine, Slovakia, Lithuania and the United Arab Emirates, COMARCH Polonia is the most important supplier of solutions dedicated to the financial, telecommunications, governmental sector, to  the medium and large companies in Central Europe. Its active presence in over 20 countries, some 2,700 employees and a market value of 470 million Euro support the company’s position as vital player on the IT market in the region and leader in Central Europe.

Among the clients of COMARCH Polonia there are wellknown financial groups such as: AEGON, Uniqa, HDI, Commercial Union, Nordea, Winterthur, Nationale Nederlanden, Ampluco Life (AIG Group), Gerling, UniCredit, Fortis, Raiffeisen, GE Capital, AIB, DnB Nord, BNP Paribas, ING.