Asseco

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

Product category

Core Banking Software

SIC

Finance Services (6199)

akta.pro primary industry

Core ERP Suites (Financials, Procurement, Projects) (HDAEAEAA)

Keywords

• Core banking software
• Digital banking platform
• Treasury management software
• Banking compliance solutions
• Payment processing systems

Headquarters

HQ city

Lisbon

HQ country

Portugal

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. 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.
2. 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.
3. 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.
4. 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.
5. Development Services: Custom development and integration services including application integration, personalization/tailor-made solutions, and business process development and integration.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core 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

Named customers6 records

Segments6 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

AI capability15 records

Feature14 records

Partnerships

15 partnerships are on record, tiered secondary, minor and core.

• ABANC - Associação Angolana de BancossecondaryGTM or Marketing Partner · 1 January 2025Partnership with Angolan Banking Association for industry events and connecting financial sector with agribusiness sector.
• SEIVA - Associação para o Agronegócio e EmpreendedorismominorGTM or Marketing Partner · 1 January 2025Partnership connecting financial universe with Angolan agribusiness sector through organized event.
• LOQRsecondaryStrategic or Co-development Partner · 1 January 2023Portuguese startup partnership for digital channels area. Collaboration to provide more comprehensive approach to current and future banking customers in digital transformation.
• AgentifAIminorStrategic or Co-development Partner · 1 January 2023Portuguese startup partnership in digital channels area, expanding digital banking capabilities.
• CPI AngolacoreStrategic or Co-development Partner · 1 January 2022Majority 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.
• FinantechcoreStrategic or Co-development Partner · 1 January 2021Majority 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)minorStrategic or Co-development Partner · 1 January 2018Partnership 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)minorStrategic or Co-development Partner · 1 January 2016Two-pronged partnership for research and talent development in technology areas.
• IBMcoreTechnology or IntegrationLong-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)coreTechnology or IntegrationDELL Solution Provider partnership providing access to the broadest portfolio in the sector. VMware specialists in virtualization solutions, enabling comprehensive infrastructure offerings.
• PreciselycoreTechnology or IntegrationMarket 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.
• DynatracesecondaryTechnology or IntegrationSoftware Intelligence platform providing infrastructure and application monitoring. Enables cloud modernization, automation, and unique digital experiences.
• MicrosoftcoreTechnology or IntegrationTechnology Partner using and implementing Microsoft solutions that complement infrastructure offerings. CRM ACSS available on Microsoft Marketplace.
• VeeamsecondaryTechnology or IntegrationData availability, data center transformation, modernization and cloud solutions. Leading data security and protection platform for backup and management across virtual, physical and cloud environments.
• TenablesecondaryTechnology or IntegrationLeading 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

Direct 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

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Asseco