Deutsche PfandBriefBank focuses on growth across Europe with secure financial messaging
Headquartered in Munich, Deutsche PfandBriefBank is a leading European specialist in real estate and public investment financing. The bank is part of the HRE Group, which is 100 percent owned by the German government. Deutsche PfandBriefBank is active in both German and international markets.
Deutsche PfandBriefBank decided to focus its IT resources on core value revenue generation initiatives. The bank felt that by outsourcing its SWIFT financial messaging, it could reduce costs and operational risk by shifting the operation to an experienced team of dedicated specialists.
Bottomline’s Financial Messaging Solution
Deutsche PfandBriefBank selected Bottomline Technologies cloud-based financial messaging solution, GTCloud, because of the company’s rich experience and capabilities in the field of messaging, its speed to market, and its cost-to-value ratio.
The bank was also impressed by Bottomline’s support of the TARGET2) interbank payment system and its advanced anti-money laundering, authentication and payment security capabilities that help meet strict EU compliance regulations.
Today, Deutsche PfandBriefBank relies on Bottomline’s GTCloud financial messaging solution to reduce SWIFT infrastructure costs and offload management and regulatory responsibilities. Thanks to its success with its financial messaging solution, the bank has been able to focus its IT resources on revenue generating projects. The bank is considering Bottomline’s extended cloud-based offerings for reconciliation, data transformation, and market data management.
In the Customer’s Own Words
“Because of Bottomline’s intuitive and user friendly interface, our business users tell us they are more productive even as they continue to access familiar financial messaging functionalities."
Sebastian Schmitz, Head of Workflow & Central Services, Deutsche PfandBriefBank