The Financial Shield of the Polish Development Fund

The outbreak of the coronavirus epidemic in 2020 severely impacted businesses in Poland, threatening the stability of companies and the security of thousands of employees. To mitigate the economic consequences, the Polish government launched the Financial Shield of the Polish Development Fund, a support program worth nearly PLN 100 billion.

However, implementing such a large-scale program posed several significant challenges:

• Regulatory Compliance: The system had to align with the European Commission’s recommendations and receive formal approval before implementation.

• Time Sensitivity: The system needed to be launched within a short timeframe to provide immediate relief to affected businesses.

• Complex Requirements: The platform had to support diverse financial services, including salary co-financing, loan repayments, preferential loans, and capital investment instruments.

• Seamless Integration: The solution required seamless integration with electronic banking systems for smooth application submission.

Despite the tight deadlines and complex requirements, BlueSoft, as the preferred supplier for PKO FINAT, delivered an innovative, fully functional system in just two weeks. This achievement was possible due to the expertise and dedication of BlueSoft’s experienced team, who conducted thorough analyses and implemented tailored technical solutions.

Key outcomes include:

• Economic Impact: The system played a critical role in stabilizing the economy by enabling thousands of companies to access essential financial aid quickly and efficiently.

• Rapid System Deployment: The application submission platform was successfully launched within the required timeframe.

• Business Support Activation: On April 29, 2020, at 6 PM, companies were able to start submitting subsidy applications through electronic banking platforms.

• Regulatory Approval: The program was notified to the European Commission and adjusted according to its recommendations.