Introducing the Frankfurt Banking Cloud
Your tasks:
- Your business operations
- Creating exciting new products
- Taking care of your customers
Our tasks:
- Mapping your operations in the Frankfurt Banking Cloud
- Processing your data in line with BaFin regulations
- Preparing/applying for a full German banking licence
Your advantages
- Short implementation times
- Low costs
- No IT know-how required
Ready-made solution for your banking operations
The system can be implemented and go live in just a few months and at considerably less cost than a conventional global banking solution.
You select the deals that you want to offer to your customers. As a team member in the Frankfurt Banking Cloud, one of the ‘Big 4’ auditing companies will support you as regards the business and regulatory definition of the deals.
Cloud based
You can obtain the Frankfurt Banking Cloud solutions entirely from the cloud. In this case, you only pay for what you really use.
Alternatively, the solution can operate on your premises or at another computer centre of your choice. For this purpose, we will provide a managed service for the solution. No IT experts are needed for installation of the cloud banking system.
Complying with BaFin regulations
You give us the deals that you want to offer to your customers. We will then provide you with the front, middle and back offices for the deals and also map the valuations and risk processes that are important for regulators.
In this way, we can ensure compliance with the BaFin regulations.
Applying for a banking licence
If you need a German or European banking licence, we can apply for this directly after mapping your deals in the system.
The Frankfurt Banking Cloud team also provide special advisory services in this respect. Since members of the team have been involved in the functional mapping of the deals from the start, the application for a banking licence is just another part of the process.
