A large national retailer in Eastern Europe, part of the ALTEX group — a PayTech company, successfully expanding into financial services with a banking license—powered by Solanteq’s cutting-edge software.

CLIENT PROFILE

A leading national retail chain in Eastern Europe, with a vast network of physical stores and a growing e-commerce presence, sought to transform its business model by expanding into the financial services sector. The company had recently secured a banking license and was poised to offer a range of financial products to its existing customer base.

With a strong brand and millions of loyal customers, the retailer had a strategic ambition: to evolve into a fully-fledged financial institution that could deliver banking products and services directly at the point of sale — both in-store and online.

THE CHALLENGE

• Goal to offer instant instalment loans at the point of sale
• Need for a solution to support rapid rollout of card products
• Ambition to build a financial ecosystem for retail customers

THE SOLUTION

Solanteq delivered its SOLAR Transaction Processing Suite, a modern, modular, and scalable solution designed to support end-to-end card issuance, loan processing, and real-time transaction management. The implementation was phased to ensure business continuity and allow gradual scaling of financial services.

• In-store instalment issuance with fully automated supporting processes
• Mastercard certification
• Credit card launch delivered in 3 months

THE OUTCOME

Solanteq supported the retailer in becoming an active player in the financial services space, with tangible outcomes:

• Fast time-to-market and smooth integration with retail operations
• Fully certified Mastercard issuing within a few months
• Customers actively use the new financial ecosystem
• The retailer retains customers and increases in-store engagement