23.08.2010 | Poland
S&T Poland develops a transaction system for Bank Gospodarstwa Krajowego
OSWUP, a data-transaction system developed by S&T, will go live at BGK on January 1, 2011. This proprietary S&T solution improves the provision of guarantees and the customer service, speeds up risk analysis and facilitates the monitoring process. The data is available in real-time now and time limits to obtaining information have been removed which speeds up the decision-making process. The guarantee funds will be able to provide more guarantees.
"I think that S&T will create a sophisticated tool that will practically facilitate and speed up the daily work of all organizations involved in the process”, said Robert Koziński, Deputy Director of the Guarantee Center at BGK.
Supporting entrepreneurshipOptimizing the process of granting guarantees increases the supply of guarantees and has a long-term impact on the growth of entrepreneurship in Poland.
"The national system supporting the credit guarantee is a milestone for guarantee funds. The process of controlling the provision of guarantees and monitoring them has become difficult or even impossible. Thanks to the new system, getting a guarantee will be less laborious and faster, which improves the quality of our business services. There is a significant role for the OSWUP system in increasing the transparency of guarantee funds in Poland", said Tomasz Czarnik, President of the Silesia Regional Guarantee Fund Sp. z o.o.
The OSWUP solution will also be used as a reporting tool, enabling funds to generate reports and funds’ owners to review and evaluate them. In 2009, the funds in the National Guarantee Group granted a total of 5,052 guarantees.
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