News

Best Practices for Multi-vendor IT
									Modernization Projects
Best Practices for Multi-vendor IT Modernization Projects
2024-10-05

Advocate Business Consulting’s experts were leading many feasibility workshops in the past couple of months that helped CIOs initiate large-scale core system modernization projects...

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Challenges of Monolithic Systems Modernization
Challenges of Monolithic Systems Modernization
2024-07-09

Upgrading legacy systems is an expensive and time-consuming endeavour that affects most of the Hungarian Financial Institutions. Advocate Business Consulting’s experts were leading many feasibility workshops...

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IT Strategies in a Credit-constrained Environment
IT Strategies in a Credit-constrained Environment
2024-03-19

In a credit-constrained environment, where banks and businesses face limited access to capital, the role of IT becomes more crucial than ever...

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Challenges of a Resurrecting Loan Market
Challenges of a Resurrecting Loan Market
2023-12-01

As central banks are easing newly introduced quantitative tightening policies around the world, the Hungarian Central Bank decided that interest rate cuts could be implemented as well...

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Shifting Focus With Rising Interest Rates
Shifting Focus With Rising Interest Rates
2022-12-01

After an almost decade long slumber, global interest rates are rising in order to battle the overwhelming increase in inflation. Since the Hungarian National Bank (MNB) is one of the most hawkish reserves globally...

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Conducting Software RFPs for Financial Institutions
Conducting Software RFPs for Financial Institutions
2022-07-14

Being one of the top IT consulting firms, Advocate Business Consulting regularly participates in and drives Request For Proposals (RFPs) for introducing new systems...

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An expanding loan market fueled by
									Business Intelligence
An expanding loan market fueled by Business Intelligence
2022-05-03

The Hungarian loan market experienced a dynamic growth in the past five years which resulted in record-high disbursed and outstanding amounts both in the Corporate and in the Household sector...

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Core Banking License Renewals
Core Banking License Renewals
2022-01-11

Software vendor relations, license renewal process is an already familiar issue in the Hungarian Banking, Pharmaceuticals and Energy industry. Often feared, often dreaded, but...

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Lessons Learned from Loan Repayment Moratorium
Lessons Learned from Loan Repayment Moratorium
2021-09-10

Advocate Business Consulting had the opportunity to lead and participate in projects concerning the implementation of the Hungarian National Bank's Loan Repayment Moratorium mechanism for nearly half in Hungary's bank...

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Trendsetting Mobile Banking Solution
Trendsetting Mobile Banking Solution
2021-09-10

With the help of Advocate Business Consulting and our company's highly renowned Omnichannel Banking Standardized Framework, one of Hungary's bank was able to transform it's outdated Mobile Banking solution to be a trendsetter mobile application...

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Software QA Framework for IBM i
Software QA Framework for IBM i
2021-06-11

Advocate Business Consulting has been the first choice of Hungarian Financial Institutions (Banks and Insurance companies) for IBM i development projects (from core banking development to life insurance systems and related interfaces)...

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Omnichannel Banking Standardized Framework
Omnichannel Banking Standardized Framework
2021-03-01

After years of in-house development, Advocate Business Consulting proudly presents our first ready-to-use product, the OB - Omnichannel Banking Standardized Framework...

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IT Developments for
						Loan Repayment Moratorium
IT Developments for Loan Repayment Moratorium
2020-07-01

Due to the severe economic effects of coronavirus pandemic, the Hungarian National Bank issued the Hungarian financial institutions to introduce a loan repayment moratorium mechanism for all debtors...

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Helping our clients enabling Home Office
Helping our clients enabling Home Office
2020-04-01

As the pandemic situation got worse in mid-March during Europe, many multinational firms and financial institutions chose to make available the already existing Home Office option not just for certain...

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Challenges of the new regulatory reporting
									on lending
Challenges of the new regulatory reporting on lending
2019-12-02

Advocate consultants are working with several financial institutions in Hungary with the goal of fulfilling the new regulatory reporting obligation on Retail and Corporate Lending...

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Banks are getting ready to comply with
									PSD2
Banks are getting ready to comply with PSD2
2019-06-14

As the extended deadline looms, many Advocate consultants are participating in projects initiated by Financial Institutions...

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Strategic partnership with R&R Software
Strategic partnership with R&R Software
2019-04-16

Advocate Business Consulting has formed a strategic partnership with one of Hungary’s leading enterprise business applications...

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New Core Banking System introduction
									project
New Core Banking System introduction project
2019-03-10

After leading and participating in several Core Banking System upgrades of Finastra-delivered systems...

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