PASS Consulting bags 15 German bank tech wins
PASS Consulting’s SolutionWorld Banking core system has earned itself a string of victories with 15 guarantee banks in Germany.
After a “successful” pilot project at Dresden-based Bürgschaftsbank Sachsen, PASS says 14 other institutes will introduce the new system by 2021.
“Migration projects always present a particular challenge for organisations, because they run parallel to the operation. The pilot project with PASS has been very successful, so we are now looking forward to the scheduled roll-out to all guarantee banks,” says Guy Selbherr, chairman of the VDB (Association of German Guarantee Banks – Verband Deutscher Bürgschaftsbanken).
If you didn’t know, German guarantee banks work by providing guarantees for SMEs that apply for bank loans but cannot provide their own collateral.
At the end of 2016, the joint pilot project “Cumulus” was launched at Bürgschaftsbank Sachsen. Together, a new target architecture was developed for the gradual migration of all guarantee banks.
Including the newly integrated reporting area, server operation will in future be controlled by PASS’ data centres.
In addition to the core banking system and the reporting software BAIS, Bürgschaftsbank Sachsen also uses Microsoft’s Office and Exchange solutions centrally from the PASS computer centres in Aschaffenburg (Bavaria) and Bad Mergentheim (Baden-Württemberg).
PASS says it will take over additional application packages such as contract management, print services and file services and will make them available as a Software-as-a-Service (SaaS).
According to PASS, increasing regulatory requirements for professional and technical banking operations, digitisation and changing customer expectations are increasingly placing banks in front of complex tasks.
To support the members in their IT, VDB says it founded the service subsidiary VDB Service to help these 15 banks in their revamps.
Founded in 1981, PASS employs over 700 people. It describes itself as a Miami-based company but its HQ is in Aschaffenburg. Its main markets are in banking, insurance, logistics, sales, technologies, telecommunication and travel.