ApPello Smartbank System in MagNet Bank

We are proud to announce that the ApPello Smartbank system has been successfully implemented in MagNet Bank. The period of implementation was 5 months. The solution contains dedicated Core banking functionalities as well as Loan and Collateral management modules.

MagNet Bank is the first values based bank in Hungary, which works towards establishing a value-driven society. The bank links the participants, makes the money flow and individual decision alternatives more transparent, thus make personal impacts visible. MagNet Bank brings the opportunity to take responsibility, thus creates healthier relations concerning money. How? By its Community Donation Program, “Pay as you like” account keeping fee, bankcards supporting social issues, community deposit and loan products and a balanced profit approach of the owners.

“We are happy to be chosen by MagNet Bank – said Béla Vér, CEO of ApPello. – It was a pleasure to contribute to the success of the most innovative community bank in Hungary. After the timely project implementation we moved to the support of business continuity.”


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