Raiffeisen Bank Hungary renews core banking partnership with Finastra

By Vriti Gothi

Raiffeisen Bank Hungary has reaffirmed its long-standing partnership with Finastra, continuing to rely on the vendor’s core banking technology to support its retail operations across the region.

The relationship, which spans more than three decades, underpins services delivered to millions of customers across multiple countries. Finastra’s platform forms a central component of the bank’s core infrastructure, enabling day-to-day operations as well as ongoing digital transformation initiatives.

The renewed commitment reflects a broader trend among established banks to modernise legacy core systems while maintaining operational continuity. As financial institutions face increasing pressure to deliver real-time, digital-first services, long-term technology partnerships are becoming critical to balancing innovation with resilience.

Siobhan Byron, EVP Universal Banking at Finastra, said, “This continued commitment spans decades and is testament to our close working relationship and unwavering dedication to customer support. It is an honor to continue serving such a large bank, and we’re proud to empower their ongoing transformation journey and ability to remain competitive in ever changing markets around the world.”

Bálint Kelemen, Member of the Management Board and Chief Operating Officer of Raiffeisen Bank Hungary, said, “In today’s accelerated and volatile environment, we successfully deliver secure, resilient and forward-looking digital solutions that provide seamless client service while positioning us ahead of the market in several key areas. Our long-standing partnership with Finastra plays a key role in this journey: they have consistently proven to be a reliable and trusted technology partner, delivering stable, robust platforms and deep expertise that support our scalability and innovation agenda.”

The strengthened partnership is expected to support the bank’s long-term operational stability while enhancing flexibility and efficiency. It also aligns with the industry’s shift towards modular, scalable core banking architectures designed to meet evolving regulatory requirements and customer expectations.

Finastra’s core retail banking solutions are designed to enable end-to-end digital banking services, supporting institutions as they adapt to increasingly competitive and technology-driven financial markets.