Inteligo Financial Services S.A. is one of the first

online bank Online banking, also known as internet banking, web banking or home banking, is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial insti ...

s of Poland. It was founded by David Putts and Andrzej Klesyk, two former

McKinsey McKinsey & Company is a global management consulting firm founded in 1926 by University of Chicago professor James O. McKinsey, that offers professional services to corporations, governments, and other organizations. McKinsey is the oldest and ...

consultants, and Hasan Mustafa and Kyle Spicer, two former ABN AMRO Bank professionals, as an independent start-up and partnership with Bankgesellschaft Berlin. Inteligo began operations on May 1, 2001, and acquired 150,000 customers in the first 12 months of operations, achieving 54% aided brand awareness. Inteligo was the first in Europe to offer email money, patterned off

PayPal PayPal Holdings, Inc. is an American multinational financial technology company operating an online payments system in the majority of countries that support online money transfers, and serves as an electronic alternative to traditional paper ...

. Inteligo was also first to offer secure mobile phone banking money transfer services, and real-time confirmations after ATM and POS transactions. When Bankgesellschaft suffered a

liquidity crisis In financial economics, a liquidity crisis is an acute shortage of ''liquidity''. Liquidity may refer to market liquidity (the ease with which an asset can be converted into a liquid medium, e.g. cash), funding liquidity (the ease with which borrow ...

following a fall in East Berlin real-estate prices, it forced a 100% sale of Inteligo to

PKO BP Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna (also known as ''PKO Bank Polski S.A.'', ''PKO BP S.A.'') is Poland's largest bank founded in 1919. It provides services to individual and business clients. The core business activity of ...

in 2002.

External links

* Banks of Poland Banks established in 2001 Polish companies established in 2001 {{Europe-bank-stub