Further Insights: Pravex Bank - Banking in wartime

Digital Reinvention
06/02/2023 Interview
profile picture of Andrea Urgolo

Andrea Urgolo

Pravex-Bank

Head of Digital Transformation

Andrea Urgolo is Chief Innovation & Digital Transformation Officer at Pravex Bank, the Ukrainian subsidiary of IntesaSanpaolo. Almost a year after the beginning of the conflict between Russia and Ukraine, he gives us his testimony about his experience and his job as a banker in a time of very serious crisis, and tells us about the incredible achievements of Pravex Bank in coping with such a complicated situation.

When a country is affected by war, as is currently the case in Ukraine, what are the main customer needs?

Well, wars come in many forms, from a skirmish to a localized conflict to a full-scale invasion like the one in Ukraine we all are facing now.

After the initial shock at such unexpected and unprovoked aggression, all citizens of Ukraine had to face a number of issues, from purchase of essential goods, to protection of their savings, to supporting friends and family who are in distress. 

All these activities which are part of basic financial needs in peace times have become overnight extremely difficult if not impossible in some areas of the country. Just think how a simple cash withdrawal can become a dangerous adventure while rockets fly around you…

Want to keep reading?

Create a web account to get access to more insights

Related news & insights

Digital Reinvention
09/09/2024 Video

Next-gen core banking: Powered by cloud

John Barber, Vice President and Head of Europe at Infosys Finacle, outlines six compelling reasons why banks must accelerate their...

Digital Reinvention
04/09/2024 Article

Orchestrating success: The strategic imperative of building and managing industry ecosystems

Fatih Ogun, Head of Strategy at Akbank, explores the essence of industry ecosystems, underscoring their strategic importance, and delineating the...

Digital Reinvention
04/09/2024 News

Warba Bank launches Kuwait’s first AI-powered personal banking advisor

This innovative service aims to enhance customer service by offering personalized financial advice through advanced artificial intelligence, making Warba the...

Digital Reinvention
03/09/2024 Study

AI at work: Turning AI potential into results

AI holds immense potential for banking, an industry still reliant on manual processes and outdated infrastructure. Generative AI could add...

Insurance
03/09/2024 News

Epargnoo launches innovative community-driven life insurance

This innovative product allows savers to actively participate in managing their investments by voting on how assets are allocated across...

Insurance
03/09/2024 Article

SWINZ: Powering innovation with InsurTree

In the rapidly evolving insurance landscape, InsurTree is setting a new standard with its innovative, cost-effective solutions designed to empower...

ESG
02/09/2024 Article

Innovation Masters: Bold banks take the lead in breaking down barriers to financial accessibility

Innovation Masters, banks that are developing innovative solutions to the industry’s most pressing challenges, are making their products and services...

Digital Reinvention
02/09/2024 News

Atlantic Money introduces 'Portals,' challenging SWIFT

This innovative feature eliminates the need for a separate fintech app, providing the convenience of SWIFT transfers but with Atlantic...