lower transaction costs
lower transaction costs
STS is the biggest betting company in Poland. With a rise in popularity of sports betting entertainment in Poland, the market became more competitive and STS faced the challenge of increasing its quality of service and reinforcing its position as the leader. STS decided to expand its STSPay with a rapid payout functionality.
Accepting client’s bets, processing them, and accounting was done automatically, but winner payouts had to be performed manually.
The company designed and implemented its own software, STSPay, including a client application that serves users during sporting events, utilizing cloud technologies. The system informed the user about the winning bet with no delay, yet the client had to wait until the prize was transferred to the right account.
STS cares much for its clients’ satisfaction and decided to improve their experience even further by providing them with a nearly instant payout of the winning bets.
Expanding STSPay’s capabilities with automated prize payout based on cloud solutions.
To introduce the solution Solwit integrated STSPay with online banking services of the biggest banks in Poland, where clients would receive their prize money from STS.
Thanks to Solwit’s experience in building transaction systems and Google cloud solution’s flexibility it was possible to significantly speed up the payout process without compromising the transaction security in any way.
STSPay payouts finished 3 times faster.
The solution designed, implemented, and launched by Solwit:
On April 14, Google officially opened a new region in Poland. We had the opportunity to share with the participants two interesting stories about how the use of the possibilities of Google Cloud accelerated the development of our clients’ businesses.
Michał Zieniewicz, the head of the Cloud & Integration Services Business Unit from Solwit, and Wojciech Sznapka from STS talked about how Solwit and Google Cloud helped to accelerate payouts for sports bets.
Watch the recording and learn about:
Watch another conversation, between Michał and Michał Górski, Big Data Developer from FarmaProm about how Google Cloud enables real-time data analysis. Click HERE.
Thanks to many years of experience in software development, the specialists from Solwit provided us with high-quality software, expanding our proprietary STSPay system and automating the payout process. Solwit has experience in implementing Big Data and BigQuery solutions. With their help, we managed to introduce our Datalake, allowing us to speed up transaction processing without compromising any of our security systems. Thanks to this step, our data warehouse gives us the possibility to cater our offer to our clients in a much more efficient way. We used Solwit’s support, which resulted in implementing in STSPay new cloud services – a system of immediate payouts for our winners. Thanks to its scalability, we are now able to efficiently serve users even in peak-traffic moments. It was one of the most well-organized Agile project we have had in STS with an outside developer.
Wojciech Sznapka, Chief Technology Officer, STS Gaming Group
Thanks to Solwit’s support and experience in the field of cloud and transaction systems, the time for STSPay to process payouts was reduced threefold. This was made possible through automation of the involved business processes by means of PaaS and IaaS services, integrating online banking services. In the future, if we plan further automation of our services, we will certainly ask Solwit for new and equally effective solutions to match the ever-changing business environment.
Dawid Prysak, CFO, STS Gaming Group
STS is the biggest betting company in Poland. It also operates abroad, with its branches all over the world, in countries such as: The Great Britain, Germany, Iceland, Luxemburg, Slovenia, Slovakia, Andorra, San Marino, Gibraltar, Malta, and Latvia.
Due to a rapid growth of the company in recent years, STS has dominated the legal betting sector in Poland – it has expanded its share in the market to more than 47%. STS provides the 24/7 availability of its services and offers bets regarding all leagues, cups, and tournaments all over the world. The company covers over 30 000 matches a month before, as well as during every serviced event.