What R34DY does

R34DY is a Hungarian-based enterprise IT services company founded in 2019 that specializes in digital transformation for financial institutions across the Central and Eastern European (CEE) region. The firm operates three business lines — Digital Innovation, Digital Transformation, and Digital Infrastructure — and targets the largest banks in CEE with end-to-end "Build, Change, Run" engagements covering analysis, design, DevOps, testing, cloud orchestration, and ongoing 24/7 infrastructure management. Its flagship offering, ABLEMENTS, is a core banking platform that bundles Oracle Banking Suite (including Oracle FlexCube) with Oracle Cloud Infrastructure and R34DY's implementation and upgrade services, targeting traditional banks, neobanks, fintechs, and EMIs. Supporting the platform are AI service modules for Agent Creation, Workflow Automation, RAG-based knowledge retrieval, and Prompt Engineering.

R34DY generates revenue through two primary streams: project-based professional services (AI consulting, custom AI software development, integration, and automation services) and platform/managed services revenue from ABLEMENTS deployments and ongoing core banking operations. Pricing is custom quote-based and not publicly disclosed. The company sells to enterprise banking and insurance clients through direct field sales, the Oracle Partner channel, and IT hardware sales partnerships. Notable customers include MBH Bank (first Oracle Exadata Cloud@Customer deployment in the Hungarian financial sector), SID Banka, Groupama, and EWG, plus SME-facing sub-products Vali.hu and VOSZ Port. R34DY received a 581.5 million HUF (~$1.6M USD) grant from the Hungarian National Research, Development and Innovation Office in 2024 for an AI-driven integrated platform with an AI-based life insurance module in consortium with DBX Kft., signaling an expansion from pure banking into insurance. The company has won back-to-back Best of Show awards at FinovateEurope (2025 and 2026), validating its position as a credible fintech innovator within the CEE banking ecosystem.

Name

R34DY

Legal name

R3ADY Zártkörűen Működő Részvénytársaság

Website

https://r34dy.io

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

51–100 employees

Short description

R34DY is a Hungarian enterprise IT services firm serving CEE-region banks and financial institutions with AI-driven core banking modernization, Oracle Banking Suite integration, and digital transformation services delivered through its ABLEMENTS platform.

Ownership category

akta.pro rank

Product category

Banking IT Services

NAICS

Custom Computer Programming Services (541511), Computer Systems Design Services (541512)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

AI/ML Solution Integration & MLOps Enablement (BPAEAAAJ)

akta.pro secondary industries

Integration, API & Middleware Consulting (BPAHAEAJ), Robotic Process Automation (RPA) Platforms (HDAEAHAB), AutoML & Low-Code ML Platform Operations (HDAAABAL)

Keywords

• Core banking platform
• Digital transformation services
• AI software development
• IT infrastructure management
• Banking modernization

Headquarters

HQ city

Budapest

HQ country

Hungary

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Professional Services (Digital Transformation, Innovation, Infrastructure): R34DY delivers complex IT projects from thought to finish, including AI consulting, software development, integration, automation services, and infrastructure management. Revenue is generated through project-based professional services engagements with financial institutions.
2. Platform Licensing (ABLEMENTS): ABLEMENTS bundles Oracle Banking Suite with Oracle Cloud Infrastructure and ongoing services for banks. The platform generates recurring revenue through implementation, upgrade, and operational services for the core banking system.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

R34DY is an AI-driven IT services company that delivers end-to-end digital projects for financial institutions in the CEE region, spanning analysis and design, DevOps and testing, and cloud infrastructure services. Its flagship product is ABLEMENTS, a core banking platform bundling Oracle Banking Suite, Oracle Cloud Infrastructure, and implementation/upgrade services for traditional banks, neobanks, fintechs, and EMIs. The company additionally offers Digital Innovation (Innovation-as-a-Service), Digital Transformation (Build/Change/Run), and Digital Infrastructure services, supported by AI service modules for agent creation, workflow automation, RAG-based data analysis, and prompt engineering.

Product overview

R34DY is an AI-driven IT partner offering a portfolio of digital solutions across three business lines: Digital Innovation, Digital Transformation, and Digital Infrastructure. The flagship product is ABLEMENTS, a core banking platform that bundles Oracle Banking Suite with Oracle Cloud Infrastructure and services to enable banks, fintechs, and financial institutions to modernize rapidly. Supporting the platform are AI service modules including Agent Creation, Workflow Automation, RAG Building, and Prompt Engineering capabilities. The company provides end-to-end services from AI consulting and software development to integration, automation, and infrastructure management, serving the largest banks in the CEE (Central and Eastern European) region. R34DY also delivers innovation-as-a-service taking clients from thought to finish, and maintains strategic Oracle partnership certifications.

Differentiator

Problem solved

Functional benefit

Brands

• ABLEMENTS: A core banking platform that bundles Oracle Banking Suite with Oracle Cloud Infrastructure and R34DY's expertise to build, change and run banking institutions. Targets traditional banks, neobanks, fintechs and EMIs.

Products and services

• ABLEMENTS Core Banking Platform Core banking platform bundling Oracle Banking Suite, Oracle Cloud Infrastructure, and ongoing implementation/upgrade services. Enables traditional banks, neobanks, fintechs, and EMIs to modernize their banking systems with AI-driven integration and orchestration capabilities.
• Digital Innovation (Innovation-as-a-Service) Innovation-as-a-Service business line covering business expertise, analysis and design, DevOps and testing, and on-premise/cloud infrastructure deployment for digital business solutions, taking clients from concept to completion.
• Digital Transformation Digital transformation services for financial sector enterprises, including Building (designing and implementing cutting-edge IT systems), Changing (regulatory updates and technical upgrades), and Running (ongoing support and maintenance) for enterprise IT architecture.
• Digital Infrastructure Comprehensive infrastructure services including IT hardware sales partnerships (Oracle Exadata), on-premise support with 24/7 availability, platform management for Linux and application servers, and cloud orchestration for customized cloud environments.
• AI Development Services Portfolio of AI development services for SMEs and banks, including AI Consulting (analyzing business models and developing tailored AI solutions), AI Software Development (custom AI-powered software), AI Integration Services (connecting AI solutions with existing systems), and AI Automation Services (process automation).
• AI-Driven Integrated User Case Platform for Financial Institutions with AI-Based Life Insurance Module AI-driven integrated platform for financial institutions that automates the connection of third-party solutions using AI for automated exploration of use cases relevant to the financial sector, including a built-in AI-Based Life Insurance Module in partnership with DBX Kft.
• AI Transformation Platform AI transformation platform enabling banks to modernize rapidly, recognized with the Best of Show award at FinovateEurope 2026.

Quantifiable outcome

• First ExaCC deployment in Hungarian financial sector
• +3 more outcomes

Named customers7 records

Segments2 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability9 records

Feature5 records

Partnerships

Two partnerships are on record, tiered core.

• DBX Kft.coreStrategic or Co-development Partner · 30 May 2024R34DY Zrt. partnered with DBX Kft. in a consortium (Project ID: 2023-1.1.1-PIACI_FÓKUSZ-2024-00010) to develop an AI-Driven Integrated User Case Platform for Financial Institutions with AI-Based Life Insurance Module. DBX Kft. provides insurance system integration for the platform, enabling R34DY to address the insurance market alongside banking clients.
• OraclecoreTechnology or Integration · 1 May 2023R34DY maintains a strategic partnership with Oracle as one of the leading Oracle Partners in the region. The partnership includes deep expertise in Oracle FlexCube, Oracle Database, Oracle Cloud, and Oracle Banking Suite. R34DY has earned numerous Oracle certifications and awards, and collaborates on large procurement tenders, joint sales ventures, and new technology deployment. The Ablements core banking platform is powered by Oracle FlexCube and operates on Oracle Cloud Infrastructure.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• 10x Banking: Cloud-native core banking platform challenger. Competes head-to-head with ABLEMENTS for bank digital transformation mandates in Europe.
• Thought Machine: Cloud-native core banking platform vendor pursuing bank modernization deals globally. Directly comparable to R34DY's ABLEMENTS value proposition of replacing legacy core systems with modern, cloud-based infrastructure.
• Mambu: SaaS core banking platform serving neobanks, fintechs, and traditional banks. Competes for the same modernization wallet as ABLEMENTS, particularly with neobanks, fintechs, and EMIs in R34DY's target segments.
• Backbase: Engagement banking platform that layers AI-driven personalization and orchestration on top of core systems, including for European banks. Overlaps with R34DY's workflow automation and AI orchestration capabilities.

Broad incumbents

• Temenos: Established global core banking software vendor with broad portfolio serving banks worldwide. Competes with ABLEMENTS at the core banking platform layer, particularly in CEE.
• Oracle Financial Services: Owner of Oracle Banking Suite / FlexCube — the technology foundation of ABLEMENTS. Could bypass partners and deliver directly to CEE banks, undermining R34DY's go-to-market.
• Accenture: Global SI that delivers large-scale banking transformation and Oracle implementations. Competes with R34DY for the same enterprise IT services engagements across CEE.
• Capgemini: Global SI with strong European banking practice and Oracle/cloud partnerships. Comparable as enterprise IT services competitor for CEE financial institution transformation projects.
• Deloitte Digital: Big Four consulting arm delivering core banking modernization and Oracle Banking implementations to large European banks. Competes for the same enterprise digital transformation wallet as R34DY.

Emerging players

• nCino: Cloud banking platform focused on commercial and retail banking workflows. Adjacent competitor in modernizing bank digital experiences, with growing European footprint.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/r34dy

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

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 R34DY