The Frankfurt Banking Cloud (FBC) has been designed especially for people like you with banking know-how who have their customers in mind. In addition to IT experts, one of the ‘Big 4’ auditing companies are part of the FBC team.
During the introductory phase, the FBC team will work with you on the functional and technical implementation of your deals which will be designed to comply with the products you wish to offer to your clients and with the rules set out by BaFin. IT implementation of the concepts will be ensured by the FBC team who will integrate the deals into the system after consultation. At this stage, we develop the systems and the reports so that they comply with European guidelines and standards.
If you require a European banking licence, the FBC team can prepare this and submit an application to BaFin.