Auriga expands into Central & Eastern Europe market with F1 acquisition
By Gloria Methri
Auriga, the Italian supplier of software for banking and payment systems has acquired a majority stake in Warsaw-based FinTech F1 Solutions. The deal furthers Auriga’s international expansion plan and will help the business enter the Polish market and grow in Central and Eastern Europe (CEE).
Founded in 2014, F1 Solutions is focused on software for cash management and multivendor applications for ATM machines and cash recyclers. It’s software F1 TPS Suite runs on a quarter of ATMs in Poland, while its cash management solution system is used by the biggest banks in Poland.
The F1 TPS suite, which like Auriga’s WinWebServer (WWS) software solution is hardware agnostic, adaptable, and complies with the NDC/DDC environment/infrastructure. It manages all self-service operations optimally with full insight.
The software is designed to accelerate innovation through personalised customer experience and adaptable development technology. It provides full support for processing all transactions and processes including withdrawals, cash-ins, goods, services, etc, as well as cash management and active monitoring.
Vincenzo Fiore, CEO, and founder of Auriga said, “We are delighted to bring F1 Solutions into the Auriga family. They share our passion for technology innovation and transforming self-service banking with modern software solutions. The acquisition also enables us to expand our presence in the region, helping more banks and ATM operators deliver improved services to customers and achieve significant operational efficiencies.”
Łukasz Fusiara, CEO, F1 Solutions said, “We are very pleased with this new formal cooperation between Auriga and F1 Solutions and to be supporting the implementation and deployment of Auriga solutions in the CEE region. For F1, joining forces with Auriga gives us the opportunity to grow our software internationally and expand our customer base.”
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