X Infotech`s solution for First Investment Bank in Bulgaria

X Infotech, the leading system integrator and developer of premium solutions for the issuance and management of smart cards has successfully upgraded MultiPerso EMV card issuing solution for one of Bulgaria’s biggest banks – First Investment Bank (Fibank).

Recently, Fibank faced the need to upgrade its existing card issuance system in order to increase card production volumes.X Infotech’s expertise in delivering premium solutions as well as a long-standing partnership were the key factors in Fibank’s decision to appoint X Infotech as the supplier of a new card issuance system who can provide a smooth migration process.

Fibank selected X Infotech to deliver a solution to meet the new requirements of the bank’s card issuance system. X Infotech deployed a highly reliable and scalable platform which offers the maximum security and high performance required in a banking environment. Upgrading the existing card platform will increase the competitiveness and allow the bank to manage a far greater number of cards to match its product range. Additionally, the new personalization system will improve the production process and enable the issuance of new card types.

“X Infotech, a proven market leader in leveraging different smart card projects, was invited to upgrade the existing solution. We completed the migration project in less than two months thanks to X Infotech’s extensive experience in the provision of complex solutions, support and training,” said Vadims Tereshko, Business Development Director of X Infotech. “With the new issuance solution, First Investment Bank will be able produce a large number of secure EMV cards, ensuring a high degree of quality and flexibility. We are pleased that the solution is designed to create value for all stakeholders – card holders and issuers.”

“Based on a long-standing, successful business partnership with X Infotech and their expertise in smart card solutions, they were the natural choice for our project. The migration to a new solution was carefully executed in order allow FiBank simultaneously continue to deliver seamless banking services to their customers. We are fully satisfied with the migration process and the timeframe in which the project was completed,” said Mariana Sadjaklieva, Director Operation of First Investment Bank (Fibank), “We are convinced that the new card issuance system and the updated MultiPerso solution will help to strengthen the bank’s market position and meet the evolving demands of the banking sector.”

About First Investment Bank

First Investment Bank (Fibank) is one of the finest banks in Bulgaria and the Balkan region, to be recognized as a rapidly growing, innovative, customer-oriented bank, offering outstanding products and services, ensuring excellent careers for its people, and contributing to the community. Established in 1993, First Investment Bank is one of the largest banks, operating in Bulgaria. Throughout the years Fibank has proved to be among the most competitive financial institutions, being given several rewards for its performance and customer service. Further information about Fibank can be found at www.fibank.bg/en or you can follow them on Twitter: www.twitter.com/Fibank

About X Infotech

X Infotech, a leading systems integrator and a developer of software suite MultiPerso, delivers premium solutions for issuing, managing and verification of electronic ID documents and smart cards. The company`s turnkey solutions are fully independent and flexible, and in combination with unrivalled team expertise, allow smart card and eID programs to be implemented easily, adapting to any environment by supporting any equipment and chip type. With successfully implemented projects in 45 countries already, X Infotech is now a trusted business partner and preferred solutions and services provider for hundreds of customers. More: www.x-infotech.com

January 6, 2016