Appian enables Bankhaus von der Heydt deliver new FinTech products

Bankhaus von der Heydt delivers new FinTech products 10x faster and reduces onboarding from one week to 10 minutes.

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Representative image from freepik

Appian unveils that Bankhaus von der Heydt uses Appian to automate back-office operations and grow its banking business through new FinTech offerings. The Appian Low-code Automation Platform enables the bank to launch and manage new financial products and services faster and accelerate their new institutional client onboarding time.

Philipp Doppelhammer, Managing Director and Member of the Management Board, Bankhaus von der Heydt, said: “Using Appian, we were able to conquer new markets, gain significant market share, and deliver new products to our customers ten times faster than before.”

Bankhaus von der Heydt is one of the first banks in Germany to offer blockchain, cryptocurrencies trading, and crypto custody services for financial institutions.

Von der Heydt’s new FinTech Portal, built on Appian, connects with the bank’s legacy core banking, brokerage, and crypto custody systems to provide secure data visibility to employees. The Bankhaus team can create customized client offerings within a day, allowing them to meet fast-changing requirements and scale their business without increasing their headcount. The solution also provides better visibility of products and projects across von der Heydt systems for better operational reporting and simplified compliance and risk management.

Additionally, the solution integrates Know Your Customer (KYC) requirements as part of the digital onboarding process to gather documents, verify accounts, and conduct customer due diligence for risk management. The new digital workflow reduced new trading partner onboarding time from one week to under ten minutes.

Dirk Pohla, Regional Vice President, Appian DACH, said: “Bankhaus von der Heydt shows how a historical, traditional bank can innovate and be a leader in the FinTech space by leveraging low-code automation. By digitizing key operations and workflows, they are saving time, delivering products and services faster for their employees and clients.”

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