Following a takeover by investors, a German private bank undergoes a provider change for its payment transactions. However, the contract, including service specification and service levels, blocks the transaction. LKPU steps in to structure, consolidate, complete, and ensure the quality of the contract. After two months, successful negotiations result in the signing of the contract.
To support the B2B e-commerce operations of its parent company, a private bank introduced a “purchase on account” product. LKPU took charge of the project’s conception, implementation, and integration, including accounting, controlling, requirements management, selection and connection of payment service providers, decision engine parameterization and integration, connection with credit agencies and debt collection, and the setup of accounts receivable management. Additionally, LKPU handled the preparation of contracts between sister companies and service providers.
In the midst of an organizational reorganization at a global universal bank, the responsibility for FATCA is being redefined. To facilitate this transition, a comprehensive assessment of the implementation status and risks associated with the project is being conducted by LKPU within a short timeframe.
Securities processing functions are outsourced to the asset management subsidiary of a leading German universal bank, headquartered in London.
A new core banking system is implemented and seamlessly integrated into the operations of the German online subsidiary of an international universal bank.
A German universal bank undertakes an optimization initiative to enhance the procurement and usage of market data.
Three European banks collaborate with the Federal Criminal Police Office (BKA) to establish an association dedicated to combating cyber crime. LKPU assumes project management responsibilities and successfully guides the foundation process to completion.
One of the largest European banks undergoes a simultaneous audit by the Bundesbank, BaFIN, ECB, and Bank of Italy. LKPU manages the BCM/ITSCM/DR project, encompassing technical conception, regulator communication, vendor management, and technical test support.
To ensure competitiveness and efficiency, the management of a specialist bank faced the challenge of reducing costs in an ongoing financial pressure environment. LKPU provided support by introducing a model that integrated assembly and disassembly organization.
The project includes adjustments to the core banking system, reference interest rates, calculation algorithms, and interfaces.
The project also includes optimization of credit processes and the introduction of a new version of the financial mathematical software, Marzipan.
Two major corporations with billion-dollar revenues seek to digitize their personnel files. LKPU Payroll provides comprehensive support in selecting providers, optimizing processes, and implementing the digital personnel file system.
An IT/financial service provider, managing both external and internal employees in SAP HCM, aims to improve the quality of its master data in preparation for the rollout of digital HR processes. LKPU undertakes the task of extracting, analyzing, and structuring 12,000 employee master data records, identifying deviations, and implementing measures to enhance data quality.
In a prominent German composite insurance company, there was a critical juncture in an innovation project. The successful delivery of the project’s objectives, particularly the implementation of a telematics-based infrastructure, which was fundamental for various services and insurance offerings, was facing significant challenges. Failure to achieve these goals would have resulted in the absence of a viable solution and substantial sunk costs.
A German insurance company has initiated a strategic restructuring of their claims department to enhance customer satisfaction and streamline operational efficiency. Moreover, this reorganization aimed to achieve a reduction of claims costs.
A major insurance company in Germany resolved to construct innovative business models, positioning itself strategically for forthcoming challenges and seizing new market opportunities with an emphasis on telematics-based insurance and service products.
As part of the merger between two prominent insurance companies, it became imperative to consolidate their respective organizations, processes, and technical solutions. This comprehensive integration necessitated the recalibration of the target operating model across numerous departments to align with the new unified corporate structure.