lower transaction costs
lower transaction costs
STS is the biggest betting company in Poland. With a rise in sports betting entertainment popularity it had to face the challenge of expanding its existing STSPay system to facilitate the payout process.
Betting and collecting the bets was done automatically, although, payouts had to be performed manually.
STS cares much for analyzing behavior of their clients. The company has designed and implemented its own STSPay software including a stable application which serves users throughout the peak usage moments, during sporting events, utilizing cloud technologies.
The information about winning a bet was being displayed in the application with no delay, yet the client had to wait for several days until the prize was transferred to the right account.
Expanding the STSPay system and automating the payout process by means of cloud solutions.
As betting on sports had been gaining in popularity it was necessary to expand the STSPay service and adjust it to the current business needs. To do that STS needed a reliable partner with experience in transaction systems, as well as cloud technologies.
To reinforce its leadership in the field of sports betting STS wanted to give its clients the ability to enjoy their prizes without any delay. This innovation required expanding its cloud service to new functionalities ensuring the clients with reliable service even in the peak activity moments.
STSPay payouts finished 3 times faster
The time required to finalize a payout has been reduced three times thanks to automating business processes with the PaaS and IaaS services integrating cloud-based banking.
Thanks to many years of experience in developing a wide array of software a team of Solwit’s specialists provided STS with a top-of-the-line software solution expanding the STSPay system and automating the payout process.
To achieve the goal STS needed a reliable partner with experience in transaction systems, as well as cloud technologies.
Our experience in introducing BigData solutiona and the BigQuery product allowed us to improve the speed of processing transactions without compromising security in any way. That is why the new data warehouse is effectively facilitating adjusting the offer to the clients’ needs.
Immediate availability of the prize money has increased overall client satisfaction, while automation of the payout process has reduced the total cost of the service.
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 big query 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.