Asseco
- Company typePrivate
- Founded1988
- HeadquartersLisbon, Portugal
- Headcount251–500
- GTM typeB2B
- OfferingSoftware
Asseco firmographics
Firmographics- Name
- Asseco
- Legal name
- Asseco PST Portugal, S.A.
- Website
- https://exictos.com
- Company type
- Private
- Founded year
- 1988
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Ownership category
- akta.pro rank
Asseco industry classification
Industry- Product category
- Core Banking Software
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Core ERP Suites (Financials, Procurement, Projects) (HDAEAEAA)
Keywords
Where Asseco is headquartered
LocationHeadquarters
- HQ city
- Lisbon
- HQ country
- Portugal
- HQ region
- Europe
Offices4 records
Markets served
Asseco business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales
Revenue model
- Software Licensing: Core banking software licensing through Promosoft Financial Suite platform. Includes modules for core banking, digital, treasury, risk, compliance, payments and integrations. Typically sold as enterprise licenses to financial institutions with multi-year contracts.
- IT Infrastructure & Security Services: Managed services covering IT infrastructure lifecycle including sizing, implementation, management, network services, support, maintenance, administration, monitoring and operation of infrastructure and applications.
- Consulting Services: Business consulting across 8 areas: Core Banking, Treasury & Capital Markets, Risk & Compliance, Digital, Customer Service, Data & Analytics, Business Process Management, and Payments & Consumer Credit.
- Training Services: Customized training programs during solution implementation and on-demand. Includes Asseco Academy with training across multiple geographies, certification programs, and standard or customized courses.
- Development Services: Custom development and integration services including application integration, personalization/tailor-made solutions, and business process development and integration.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Enterprise software licensing - quote-based pricing for financial institutions |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels7 records
Asseco product offering
Product offeringCore offering
Asseco PST develops and sells the Promosoft Financial Suite (PFS), an integrated banking software platform covering core banking, digital channels, treasury, risk, compliance, payments, and integration middleware. It serves banks, insurance firms, and other regulated institutions in Portuguese-speaking markets, complemented by IT infrastructure, consulting, development, and training services.
Differentiator
Problem solved
Functional benefit
Products and services
- Promosoft Financial Suite (PFS) Integrated banking software platform combining modules for core banking, digital, treasury, risk, compliance, payments, integration, and customer service, targeted at banks and financial institutions in Portuguese-speaking markets.
Quantifiable outcome
- 76% market share in Angola with 19 of 25 commercial banks using Asseco PST core banking
- +5 more outcomes
Companies that use Asseco
Customer profileNamed customers6 records
Segments6 records
Ideal customer profiles2 records
Asseco technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration10 records
AI capability15 records
Feature14 records
Asseco partnerships and signals
Strategic signalPartnerships
15 partnerships are on record, tiered secondary, minor and core.
- ABANC - Associação Angolana de BancossecondaryPartnership with Angolan Banking Association for industry events and connecting financial sector with agribusiness sector.
- SEIVA - Associação para o Agronegócio e EmpreendedorismominorPartnership connecting financial universe with Angolan agribusiness sector through organized event.
- LOQRsecondaryPortuguese startup partnership for digital channels area. Collaboration to provide more comprehensive approach to current and future banking customers in digital transformation.
- AgentifAIminorPortuguese startup partnership in digital channels area, expanding digital banking capabilities.
- CPI AngolacoreMajority stake acquired 2022. Company specialized in accounting and reporting software for financial sector. Based in Luanda with subsidiary in Lisbon. Solutions implemented in 58% of Angolan banks.
- FinantechcoreMajority stake acquired 2021. Portuguese company specialized in capital markets solutions with SIFOX platform as core product. Market leader with experience across several African markets. Headquarters in Porto.
- Instituto Superior Técnico (IST)minorPartnership with Instituto Superior Técnico in artificial intelligence research. Objective to test Deep Learning approaches within product and service offerings.
- Madeira Interactive Technologies Institute (M-ITI) and Universidade da Madeira (UMa)minorTwo-pronged partnership for research and talent development in technology areas.
- IBMcoreLong-standing Gold Partner collaboration to deliver IBM solutions in infrastructure and security. Dedicated, highly qualified team with elevated certification levels for IBM solutions implementation and value-added services.
- Dell Technologies (Vmware)coreDELL Solution Provider partnership providing access to the broadest portfolio in the sector. VMware specialists in virtualization solutions, enabling comprehensive infrastructure offerings.
- PreciselycoreMarket leader in security for IBM i, High Availability and Disaster Recovery. Solutions integrate with Asseco PST core banking offerings for comprehensive portfolio. GUARDiON/ GUARDiONx security solution developed jointly.
- DynatracesecondarySoftware Intelligence platform providing infrastructure and application monitoring. Enables cloud modernization, automation, and unique digital experiences.
- MicrosoftcoreTechnology Partner using and implementing Microsoft solutions that complement infrastructure offerings. CRM ACSS available on Microsoft Marketplace.
- VeeamsecondaryData availability, data center transformation, modernization and cloud solutions. Leading data security and protection platform for backup and management across virtual, physical and cloud environments.
- TenablesecondaryLeading provider of vulnerability audit, configuration and compliance solutions. Infrastructure-oriented (Tenable.ep) and Active Directory-oriented (Tenable.ad) solutions for real-time security visibility.
Scale indicators14 records
Recent moves8 records
Expansion highlights3 records
Asseco competitors and assessment
Company assessmentDirect peers
- Temenos: Global leader in core banking software serving retail, corporate, and wealth banks. Most directly comparable to Asseco PST given similar modular platform approach (Temenos Transact vs. Promosoft Financial Suite), though at vastly larger global scale.
- Sopra Banking Software: European core banking software vendor serving European and African banks with end-to-end platform. Closest geographic and product peer, also strong in Lusophone-adjacent markets and competing for the same tier-2/3 bank segment.
- Infosys Finacle: Comprehensive core banking, digital, and risk platform widely deployed across emerging markets including Africa. Comparable modular suite approach and similar tier-2 bank focus as Asseco PST.
- Finastra: Large global banking software provider spanning core banking, treasury, lending, and digital channels. Direct overlap on Treasury/Capital Markets (where Asseco PST competes via Financa) and broader banking suite.
Broad incumbents
- Oracle Financial Services Software: Global incumbent offering core banking, risk/regulatory, and analytics platforms for large banks. Competes with Asseco PST primarily in tier-1 bank mandates and at the high end of risk/IFRS 9 where AXIS competes.
- FIS (Fidelity National Information Services): One of the world's largest financial technology vendors offering core banking, payments, and treasury solutions. Overlaps with Asseco PST in core banking and treasury but at vastly larger enterprise scale.
Emerging players
- Mambu: Cloud-native, composable core banking platform targeting challenger banks and digital transformation projects. Represents the cloud-native threat to legacy PFS deployments as mid-tier banks modernize.
- Thought Machine: Cloud-native core banking engine (Vault) used by tier-1 banks globally. Competes for the same digital transformation RFPs that Asseco PST's modernized PFS targets.
- Backbase: Digital banking and customer engagement platform often deployed alongside or against core banking platforms. Comparable overlap with Asseco PST's Digital Banking and CRM ACSS modules.
- nCino: Cloud-based banking operating system focused on commercial and retail workflows. Adjacent competitor in the modernization space that targets some of the same Portuguese and European bank digital projects.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Asseco financial estimates
Financial estimateRevenue estimate
Valuation estimate
Asseco leadership team
Management profileNumber of profiles
Profiles2 records
Asseco subsidiaries and ownership
Company hierarchySubsidiaries2 records
Asseco funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Asseco M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Asseco
What does Asseco do?
Asseco PST develops and sells the Promosoft Financial Suite (PFS), an integrated banking software platform covering core banking, digital channels, treasury, risk, compliance, payments, and integration middleware. It serves banks, insurance firms, and other regulated institutions in Portuguese-speaking markets, complemented by IT infrastructure, consulting, development, and training services.
Is Asseco a public or private company?
Asseco is a private company. It is classified as corporate owned and is currently operating.
When was Asseco founded?
Asseco was founded in 1988. It employs 251 to 500 people.
Where is Asseco based?
Asseco is headquartered in Lisbon, Portugal, in the Europe region.
How does Asseco make money?
Five revenue lines are on record. Software Licensing is the primary driver. The others are IT Infrastructure & Security Services, consulting Services, training Services and development Services.
Who are Asseco's main competitors?
Direct peers on record are Temenos, Sopra Banking Software, Infosys Finacle and Finastra. Broad incumbents are Oracle Financial Services Software and FIS (Fidelity National Information Services). Emerging players are Mambu, Thought Machine, Backbase and nCino.
Does Asseco have an API?
No public API is recorded for Asseco.
What industry is Asseco in?
Asseco's product category is Core Banking Software. Its primary akta.pro industry code is HDAEAEAA, Core ERP Suites (Financials, Procurement, Projects). Its SIC code is 6199.