ITSector‘s Board of Directors has announced the creation of an Advisory Board as part of the strengthening of corporate governance in response to the challenges that the firm has been experiencing in recent years in banking and credit unions.
Underlying these challenges is strong growth in activity alongside its internationalization in the implementation of digital transformation programs and reformulation of its clients’ credit offers.
This body is composed of four counselors and will have José Félix Morgado (Chairman), Esmeralda Dourado, João Vieira de Almeida, and Diogo da Silveira.
The new Advisory Board now announced will meet regularly and its main mission will be to challenge ITSector’s strategic plan in its various components in which it seeks to combine innovation, ambition, and sustainability of the business model.
ITSector’s Board of Directors further noted that the challenges of digital transformation in banking institutions are to stay ”and are already producing major changes in the way consumers and businesses use the financial services they need and the growing demands on their business. Relationship experience.
Meeting these challenges requires high functional and technological skills, along with a successful delivery experience, features that are part of the DNA of ITSector teams. ”
“In addition to the complex but very challenging challenges we have to manage in a collective effort with our customers, ITSector has been increasing its international footprint, estimating that by 2019 international client revenues will already be 40% of the total results in the period ”.
Founded in Porto in 2005, ITSector ended last year with a turnover of € 18m, with a forecast to close 2019 with a turnover of € 22m.
Earlier this month, the technology company inaugurated, in Castelo Branco, its 6th Software Development Center in Portugal, adding this unit to those it already has in Porto (headquarters), Lisbon, Braga, Aveiro, and Bragança.
The company also has offices in Poland, Germany, Angola and Mozambique, helping to digitally transform banks and credit unions in more than 20 countries.