BNP Paribas Solutions Sp. z o.o. (the „Company”) has been operating since 9 July 2014 (date of entry into the National Court Register). It became a part of the BNP Paribas Bank Polska S.A. Group as a result of the acquisition of the Core Business of Raiffeisen Bank Polska S.A. on 31 October 2018.
BNP Paribas Solutions Sp. z o.o. till the end of November 2020 had the status of a National Payment Institution (based on the authorization of the Polish Financial Supervision Authority of 22 September 2015), which authorized to keep payment registers and carry out interbank transfers by customers. On 1 December 2020, the Company resigned from its status as a National Payment Institution in connection with the closure and termination of its currency exchange and fast transfer platform – Rkantor.com.
The Company’s business is focused solely on the activities related to software development and consultancy in the following fields: IT, data processing and website management (hosting). The Company, as important part of the BNP Paribas Bank Polska innovations ecosystem, is conducting numver of open banking projects, for example:
development of API compliant with PSD 2 requirements,
development of CRM applications and applications for servicing syndicated loans (LEAF),
development of an Internet trading platform for currency exchange (Nowa FX Pl@net).
Pursuant to a resolution of the Extraordinary Shareholders' Meeting, in June 2020 the Company’s share capital was increased by PLN 1.5 million through the creation of 3,000 new shares. The Company’s share capital now amounts to PLN 4.05 million and is divided into 8 100 equal and indivisible shares with a nominal value of PLN 500 each.
Due to the COVID-19 coronavirus outbreak, the Company has been operating remotely since 12 March 2020. This situation does not have any material impact on the quality of services provided or on the Company’s financial result.
As a result of the recognition of costs incurred in connection with the closure of the FX platform www.Rkantor.com, the Company recorded a net financial loss in 2020.
The net loss for 2020 resulted in negative equity. In the current circumstances, the Group does not intend to recapitalise the Company due to the expected improvement in the Company’s profitability and capital position.
As of 1 December 2020. The Company ceased to be a National Payment Institution and is therefore not subject to the prudential regulation of the PFSA’s capital standards.
Basic financial data of BNP Paribas Solutions Sp. z o.o.