The announcement that DIE SOFTWARE is now part of our Group grabbed the headlines. We’re conscious of the relevance of such operation and of the opportunities that this agreement brings. Being a leading Core Banking solution provider in German-speaking Europe, DIE SOFTWARE Objectway Group has an unparalleled positioning in Europe’s largest Financial Services market, and gives our company the chance to complement and strengthen our offering to support the digital transformation of private banks, retail banks, wealth and asset managers.
As financial institutions need to address the imperatives underpinning next-generation Core Banking applications in terms of scale, functionality, integration and cloud, reducing redundant platforms and consolidating applications, they also need to meet their clients’ expectations to get all their financial needs met in one place, while keeping seamless journeys across all banking touchpoints.
Core Banking solutions were historically built on reliability rather than open architecture. Digital Banking, APIs and Cloud have recently created a significant shift in the way banking products are constructed. Financial institutions need to be able to process transactions in real-time, release new features frequently and scale their IT infrastructure. To accompany the Banking industry to next level, it is necessary to bring to the table leading-edge capabilities in those areas, along with expertise in portfolio management, advisory and digital client engagement. Namely, a combined value proposition able to respond to evolving requirements, through a new-generation, digital, end-to-end Banking solution.
Our merger is based on the many things we have in common. A common heritage which combines over 30 years of highly specialised expertise and professionalism, the same focus on digital innovation in Financial Services, and the mission to become the end-to-end solution provider for the Banking Industry in EMEA, driving also our expansion globally.
The union of our two complementary companies allows for a pooling of know-how, technology and resources: a transformation which positions our pan-European Group above industry averages. With this acquisition, we complement and strengthen our offering to Wealth and Asset Managers, Private and Retail Banks with a solid and comprehensive Core Banking platform. This will constitute the new open, modular, end-to-end Banking Suite, geared to support the digital transformation of private banks, retail banks, wealth and asset managers.
A new-generation Banking Suite which has to blend banking capabilities with relevant products and services beyond banking, such as intelligent and personalised experiences through a consistent user journey, to increase digital penetration and maximise opti-channel client engagement, while improving efficiency, automation and bankers’ capacity.
This is only the start. The beginning of new exciting journey to co-create the Future of Banking.