Poland-based Bank Gospodarstwa Krajowego (BGK) has entered into an agreement with S&T Poland, an IT services provider, for the deployment of S&T's data-transaction system Oswup.

The project includes a pre-analysis, the infrastructure with database licenses, as well as training for end users with technical support that lasts for 24 months.

According to the S&T, the Oswup solution improves the provision of guarantees and the customer service, speeds up risk analysis and facilitates the monitoring process. Oswup is scheduled to go live at BGK on 1 January 2011.

The Oswup solution will also be used as a reporting tool, enabling funds to generate reports and funds’ owners to review and evaluate them.

BGK guarantee center deputy director Robert Kozinski said S&T will create a sophisticated tool that will practically facilitate and speed up the daily work of all organizations involved in the process.