Altkom Software

What Altkom Software does

Altkom Software is a privately held Polish IT services and software company headquartered in Warsaw, with additional offices in Kraków and Lublin, operating for over 25 years in the financial services technology sector. The company develops proprietary platforms and custom software for banks, insurers, and leasing companies, focused on digital transformation, process automation, and regulatory compliance. Named clients include BNP Paribas, Crédit Agricole Assurances, Citi, Allianz, AXA, Aljazira Bank, Bank Millennium, Liberty Bank, and Ubezpieczenia Pocztowe, drawn from a reported base of 100+ clients across European and GCC markets with 600+ completed projects.

The product portfolio is organized around four proprietary platforms: Altkom Insurance Suite (a modular insurance management system with Claim Center, Policy Centre, Portals, and Product Factory modules), Altkom Loan Origination (a credit lifecycle management layer that overlays existing systems), Altkom Digital Banking Platform, and Altkom Digital Leasing Platform. The underlying technology stack is Java/Spring-based with Angular frontends, PostgreSQL data storage, Kubernetes orchestration, RabbitMQ messaging, and AWS cloud infrastructure, incorporating Camunda workflow automation and emerging AI capabilities through AWS Bedrock and SageMaker. The company holds ISO 27001 and ISO 27017 certifications and aligns its insurance and banking platforms with EIOPA and DORA regulatory requirements.

Altkom operates an enterprise field sales motion with quote-based, multi-year engagements initiated through consultation, workshops, and tailored offer delivery. Revenue is generated from three streams: custom software development and implementation, advisory services (strategic advisory, audit and optimisation, solution clarity), and platform licensing and configuration. The company claims operational outcomes of up to 70% faster product time-to-market, more than 15% conversion rate improvement, and up to 20% maintenance cost reduction. Geographic expansion is visibly active in GCC markets, with a flagship 2025 mobile banking deployment for Aljazira Bank in Saudi Arabia and a 2024 AI-based refund automation Proof of Concept built on AWS generative AI services.

Name

Altkom Software

Legal name

Altkom Software

Website

https://altkomsoftware.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

101–250 employees

Short description

Altkom Software is a Poland-based IT services and software company with 25+ years in financial services technology, offering proprietary insurance, loan origination, banking, and leasing platforms to 100+ enterprise clients across European and GCC markets.

Ownership category

akta.pro rank

Product category

Financial Services Software

NAICS

Custom Computer Programming Services (541511), Computer Systems Design and Related Services (54151), Software Publishers (513210)

SIC

Services-Computer Programming Services (7371), Services-Prepackaged Software (7372), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

AI/ML Engineering & Model Development Services (BPAEAHAF)

Keywords

• Insurance software platforms
• Loan origination systems
• Digital banking solutions
• Financial services IT
• Leasing platform software

Headquarters

HQ city

Warsaw

HQ country

Poland

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Software Development and Implementation: Custom software development for financial institutions including banking, insurance, and leasing sectors. Tailored solutions built on proprietary platforms with configurable and composable architecture.
2. Advisory Services: Strategic advisory, audit services and optimisation, and solution clarity services to help financial institutions make informed decisions and accelerate investment execution.
3. Platform Licensing and Configuration: Deployment and configuration of proprietary platforms including Altkom Insurance Suite, Altkom Loan Origination, Digital Banking Platform, and Digital Leasing Platform.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels7 records

Core offering

Altkom Software develops and implements proprietary software platforms and custom IT solutions for financial institutions across banking, insurance, and leasing sectors. Its portfolio centers on four platforms — Altkom Insurance Suite, Altkom Loan Origination, Altkom Digital Banking Platform, and Altkom Digital Leasing Platform — supplemented by software engineering, advisory, and cloud/data/AI services.

Product overview

Altkom Software is a digital solutions provider specializing in the finance and insurance sectors, operating for over 25 years. The company offers a portfolio of proprietary platforms and modular solutions organized around three core platforms: Altkom Insurance Suite (a modular insurance management system with four integrated modules: Claim Center, Policy Centre, Portals, and Product Factory); Altkom Loan Origination (a credit lifecycle management platform); and Altkom Digital Banking Platform (a digital banking acceleration platform). Additional platforms include Altkom Digital Leasing Platform for leasing operations. The company also provides a comprehensive suite of IT services including Software Engineering, Performance Engineering, Security, Customer Experience (with UX Audit and Health Check offerings), and Data/Cloud/AI services. Advisory offerings include Solution Clarity, Strategic Advisory, and Audit Services & Optimisation. The product architecture emphasizes composable, configurable platforms with modular components that can be implemented gradually and integrated into existing operational processes.

Differentiator

Problem solved

Functional benefit

Brands

• Altkom Insurance Suite (AIS): Comprehensive insurance management system for policy administration, claims handling, and product management.
• Altkom Loan Origination (ALO)
• Altkom Digital Banking Platform
• Altkom Digital Leasing Platform
• AIS Claim Center

Products and services

• Altkom Insurance Suite (AIS) Comprehensive modular insurance management platform covering the entire policy lifecycle, claims handling, and customer interactions for insurance companies.
• Altkom Loan Origination (ALO) Loan origination platform providing consistent process management for the entire credit lifecycle from application through agreement and funding, supporting retail, SME and corporate banking segments with configurable decision paths.
• Altkom Digital Banking Platform Digital banking platform that automates processes, personalizes offers in real time, and reduces time-to-market from months to days for banks.
• Altkom Digital Leasing Platform Fully digital leasing platform that automates leasing processes, boosts conversion, and enables faster product launches for leasing companies.
• Data, Cloud & AI Services Data management, cloud infrastructure, and AI integration services for financial institutions, enabling safe transition from strategy to production-ready solutions.
• Software Engineering Services Modern, scalable IT systems development that keeps pace with change and supports business growth for financial institutions.
• Customer Experience Services Digital experience design services to boost conversion, loyalty, and customer satisfaction across all journey stages for financial institutions.
• Security Services Security testing and cyber resilience services to protect business-critical operations for financial institutions.
• Solution Clarity Advisory Advisory service for precise solution planning to minimize risk and accelerate investment execution for financial institutions.
• Strategic Advisory Strategic consulting to identify issues, streamline processes, and boost organizational operational efficiency for financial institutions.
• Audit Services & Optimisation Technology alignment and optimization advisory services for long-term competitive advantage and future challenges for financial institutions.
• Mobile Banking Solutions Mobile banking modernization, onboarding redesign, and UX improvement services for banks, including multilingual and Arabic-first mobile experiences.

Quantifiable outcome

• Product time-to-market up to 70% faster with configurable and composable platforms
• +6 more outcomes

Named customers14 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

AI capability12 records

Feature6 records

Partnerships

Seven partnerships are on record, tiered core.

• Spring (VMware)coreTechnology or IntegrationUsing Spring Boot and Spring Cloud frameworks as core technology stack for enterprise platform development. These Java-based frameworks provide the foundation for building scalable, cloud-native applications.
• Angular (Google)coreTechnology or IntegrationUsing Angular JavaScript framework for building web applications. Frontend technology for insurance and banking platform user interfaces.
• Amazon Web Services (AWS)coreTechnology or IntegrationAWS cloud infrastructure for platform deployment. AWS Bedrock and SageMaker used for AI/ML capabilities including generative AI and model training. Cloud-ready architecture deployed in AWS environment.
• Kubernetes (CNCF)coreTechnology or IntegrationContainer orchestration using Kubernetes for deployment, scaling, and management of containerized applications across cloud environments.
• PostgreSQLcoreTechnology or IntegrationPostgreSQL database used as primary relational database for platform data storage and management.
• RabbitMQcoreTechnology or IntegrationMessage broker for asynchronous communication between platform components, enabling loose coupling and reliable message delivery in distributed systems.
• CamundacoreTechnology or IntegrationBPMN-based business process automation platform (workflow engine) used in AI-based refund automation PoC. Enables visual process modeling without additional development, providing flexibility for claims processing workflow configuration.

Scale indicators13 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Capgemini: Global IT services and consulting leader with a large Financial Services practice covering banking, insurance, and capital markets. Competes with Altkom on large transformation mandates across Europe and globally, but with vastly broader scale and delivery footprint.
• Sopra Steria: European IT services firm with a strong Financial Services vertical serving banks, insurers, and leasing companies. Comparable to Altkom in European geography, vertical focus, and platform-plus-services delivery model, but with much larger scale.
• Cognizant: Global IT services leader with a substantial Banking and Financial Services practice delivering digital transformation, custom software, and platform implementation. Competes with Altkom for tier-1 financial institution mandates at much larger scale.

Direct peers

• Virtusa: IT services firm with deep specialization in banking, financial services, and insurance digital transformation. Closely comparable to Altkom in vertical focus, custom software delivery model, and target customer base.
• Newgen Software: Provider of a process automation and digital transformation platform used by banks and insurers for loan origination, claims, and policy workflows. Directly comparable to Altkom's ALO and AIS offerings in product overlap and target verticals.
• Sword Group: European IT services and software firm delivering digital transformation for banking, insurance, and other regulated industries. Comparable to Altkom in size, vertical focus, and combination of proprietary software with professional services delivery.
• Comarch: Polish-headquartered IT vendor with a substantial Financial Services business offering core banking, insurance, and loyalty platforms. Strongest geographic and vertical peer to Altkom with overlapping banking and insurance platform products.

Emerging players

• Guidewire: Established insurance core systems platform (PolicyCenter, ClaimCenter, BillingCenter) used by global P&C insurers. Overlaps directly with Altkom Insurance Suite on policy, claims, and billing functionality and competes for the same insurance customers.
• Temenos: Leading banking core platform vendor used by retail, SME, and corporate banks worldwide. Competes with Altkom Loan Origination and the Digital Banking Platform for core banking and lending transformation mandates.
• Duck Creek Technologies: Cloud-native insurance core systems platform covering policy, claims, and billing. Directly competes with Altkom Insurance Suite for modern insurance core system deals, particularly with mid-market and growing insurers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@altkomsoftware
• Facebookfacebook.com/altkomsoftware
• LinkedInlinkedin.com/company/altkom-software

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 Altkom Software