OCTOBER - 201919secure and affordable at the same time, BANCIBO meticulously analyses various factors to determine if a product needs to be developed, purchased or outsourced from other vendors. BANCIBO has worked in concert with various organisations to capitalise on the opportunities and attain the stature it holds today. To that end, BANCIBO has recently partnered with a CEE fintech company that was looking to include payment services to its invoicing solution. In order to make its payment services highly secure, BANCIBO also works in partnership with a global solution provider that covers ID documents of over 180 countries. BANCIBO has collaborated with this solution provider to implement a mobile application that verifies customer based on biometrics (picture of face and scan of ID document), and makes all mandated checks before approving the customers to start using the services. Apart from these beneficial partnerships, BANCIBO's proficiency emanates from its dynamic and skilful team that holds rich experience in the financial services industry. "Success is based only on open-minded people working hard and thinking wisely. We believe people are the key who drive the success of a company," he adds.At the forefront of the financial technology industry, BANCIBO acts as both a musician and a conductor. "While on the one hand, we are musicians, we are also conductors and composers," says Kubelka. "Just like conductors at concerts, who assemble various musicians, and train/tune them, we have succeeded by collaborating with other small and big companies to incorporate their products and services into our puzzle." Also, the way composers write a song, BANCIBO has composed and weaved its services in accordance with consumers' requirements. As a global payment service provider, BANCIBO offers prepaid close-loop cards as gift or meal voucher cards. The company has emerged as one of the first legal entity to receive a separate license from the Czech National Bank to authorise its prepaid closed-loop meal voucher titled GastroCard. Launched in 2016, GastroCard writes one of BANCIBO's biggest success stories, streamlining the way businesses allot meal vouchers to their employees. It also comes with an assurance of tax advantages, safety, and ease-of-use. In days to come, BANCIBO is prepared to launch the Mastercard debit card and bank account package for the international customer based in the E.U. "In early 2020, we expect to receive an extension of our EMI license from the central bank and obtain the new Mastercard license so that we can offer payment services fully based on our own licenses, using both in-house and outsourced services," concludes Kubelka. BCWe are prepared for the `digital world', in co-operation with our business partners
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