28 March 2019

Message from the CEO

Dear customers and partners,

I am pleased to welcome you to the first issue of SG Insider for 2019! We started the year in full force and I would like to share with you our most exciting news from the last few months.

Led by our goal to drive innovation on a global scale, one of Software Group’s key priorities for this year is related to enhancing our Omnichannel Digital Banking Platform to keep being on the top of the technological trends guiding the sector. We will continue executing our partner-led strategy and driving customer success by helping you reach your clients more efficiently, and achieve faster competitive time to market through the use of innovative technologies.

To support our business goals further, Software Group signed EUR 18 million venture debt with the European Investment Bank. I am pleased to announce that we have become the first company in Bulgaria to secure such funding backed by the European Fund for Strategic Investments. The venture debt will support our strategic development and will help us execute on our ambitious business plan for the next three years. The main focus will be on developing new technologies, digital platforms and products in the fields of insurance, factoring and the Internet of Things (IoT).

As helping banks in their digital transformation journey is the core of our business, I am also proud to share that Software Group is now partnering with Allianz Bank Bulgaria to launch a full digital transformation project. It will support the bank’s digital vision of making customer interactions easier and more convenient.

More and more financial institutions are undertaking the path to digital transformation in order to enhance the customer journey, increase efficiency and optimize costs. But which is the most effective way to approach transformation – by replacing core legacy platforms, which requires significant time and budget investment; or via digital channel projects that provide shorter implementation time with measurable ROI? Read more on the topic in the thought leadership article by Software Group’s CCO Russell Taylor here.

Thank you for your continuous support and enjoy the current issue of SG Insider!

Sincerely yours,

Kalin Radev

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