Poznań, Poland And Budapest, Hungary – Company banking within the Gulf Cooperation Council is in the course of a generational digital improve cycle. Pushed by Imaginative and prescient 2030, Qatar Nationwide Imaginative and prescient 2030, UAE banking reform, and open banking mandates throughout Saudi Arabia, Bahrain, and the UAE, regional banks face sustained stress to modernise company banking experiences to match the usual their retail choices have set. In the present day, Espeo Software program, a Polish software program engineering and consulting agency with 17 years of supply expertise throughout regulated industries, and Cardinal Kft., the Hungarian developer of the Electra company digital banking platform, announce a strategic partnership to handle this chance straight.
The partnership combines Cardinal’s three many years of company banking software program improvement – the Electra platform powers a considerable majority of company banking transactions in Hungary – with Espeo’s senior consulting experience and energetic Gulf market presence. Beneath the partnership, Espeo will present venture administration, enterprise evaluation, high quality assurance, integration consulting, and customer-side supply for Electra implementations in worldwide markets, with the Gulf because the rapid strategic focus.
The mixture is structurally totally different from a typical software-and-services partnership. Most company banking modernisation engagements drive patrons to decide on between a product vendor with out native supply capability, or a providers agency with out confirmed mental property. Espeo and Cardinal provide each, pre-integrated, with European-grade engineering self-discipline, regional supply functionality, and a industrial framework that aligns incentives throughout each side from the primary dialog via deployment.
“We’re asserting this partnership at a second when Gulf company banks need to transfer sooner than ever,” mentioned Przemysław Koper, CEO of Espeo Software program. “Cardinal brings a product that has been hardened in one in all Europe’s most demanding company banking environments – the European Union is a market the place company shoppers mandate the software program their banks should help. Espeo brings the consulting depth and regional presence to assist deliver this expertise to the Gulf.”
“Cardinal’s worldwide progress technique is constructed on bringing the Electra platform to markets that share the company banking complexity of our Hungarian heritage shoppers,” mentioned István Gyimesi, Managing Director of Cardinal Kft. “Espeo is the appropriate associate for the Gulf – they perceive the regulatory panorama, they communicate the language of senior financial institution stakeholders, and so they have the senior consulting bench to ship at the usual regional banks anticipate. This can be a joint go-to-market, not a referral association.”
The partnership formalises a working relationship that started in 2025 with joint improvement of a global pipeline throughout Central Asia and the Gulf, joint product coaching accomplished in January 2026, and the primary joint shopper engagements already in movement. Each firms affirm that the subsequent section will embrace joint convention presence within the area, co-developed thought management on Gulf company banking modernisation, and a joint webinar deliberate for the second half of 2026.
About Espeo Software program
Based in 2008 and headquartered in Poznań, Poland, Espeo Software program is a senior heavy software program engineering and consulting agency serving regulated industries – banking, capital markets, fintech, actual property, and public sector – throughout Europe, the Center East, North America, and Asia-Pacific. Espeo is one in all two Hyperledger Cloth Service Suppliers in Europe and a founding member of the Linux Basis Decentralized Belief. The corporate has delivered 300+ enterprise initiatives throughout 4 continents.
www.espeo.eu
About Cardinal Kft.
Headquartered in Budapest, Hungary, Cardinal Számítástechnikai Kft. is the developer and supplier of the Electra digital banking platform, which has been deployed throughout the Hungarian banking sector for greater than 30 years and powers a considerable majority of Hungarian company banking transactions. www.cardinal.hu · www.electra.hu
Media Contacts
Espeo Software program
Maciej Homann, Development Supervisor
maciej.homann@espeo.eu
Cardinal Kft.
Robert Nemcsics, Head of Development
nemcsics.robert@cardinal.hu