Bankhaus von der Heydt fuels blockchain and crypto business growth with Appian

Rhea-AI Summary

On April 15, 2021, Appian (NASDAQ: APPN) announced that Bankhaus von der Heydt is utilizing its Low-code Automation Platform to enhance back-office operations and expand its FinTech services. The platform enables faster launch of financial products and significantly reduces institutional client onboarding time from one week to under ten minutes. Bankhaus has been recognized as a 'Digital Champion' in Germany, innovating with blockchain and crypto services. The partnership underscores Appian's role in facilitating operational efficiency and rapid product delivery in the banking sector.

Positive

• Bankhaus von der Heydt reduced client onboarding time from one week to under ten minutes using Appian's platform.
• The bank can create customized client offerings within one day, enhancing responsiveness to market changes.
• Recognition as a 'Digital Champion' highlights the bank's innovation and competitiveness in FinTech.

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• None.

MUNICH, April 15, 2021 /PRNewswire/ -- Appian (NASDAQ: APPN) today announced that Bankhaus von der Heydt is using 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.

"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," according to Philipp Doppelhammer, Managing Director and Member of the Management Board at Bankhaus von der Heydt.

Founded in 1754, Bankhaus von der Heydt has been recognized as a "Digital Champion" among German private banks in a 2021 study, which analyzed approximately 13,000 companies. It 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 one 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.

In addition, von der Heydt is using Appian to accelerate new institutional client onboarding time. 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.

"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," said Dirk Pohla, Regional Vice President at Appian DACH. "By digitizing key operations and workflows, they are saving time, delivering products and services faster for their employees and clients."

Watch this Bankhaus von der Heydt video to see how the bank is using Appian to scale its business. Find out why 5 of the world's top 10 banks are Appian customers and explore our financial services solutions.

About Appian

Appian helps organizations build apps and workflows rapidly, with a low-code automation platform. Combining people, technologies, and data in a single workflow, Appian can help companies maximize their resources and improve business results.  Many of the world's largest organizations use Appian applications to improve customer experience, achieve operational excellence, and simplify global risk management and compliance. For more information, visit www.appian.com.

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SOURCE Appian

FAQ

How is Bankhaus von der Heydt using Appian's platform?

Bankhaus von der Heydt is using Appian's Low-code Automation Platform to automate back-office operations and accelerate client onboarding, improving efficiency and service delivery.

What are the benefits of using Appian for Bankhaus von der Heydt?

The benefits include faster product launches, reduced onboarding time for clients, and improved operational efficiency, allowing for the creation of customized offerings quickly.

What recognition has Bankhaus von der Heydt received?

Bankhaus von der Heydt has been recognized as a 'Digital Champion' among German private banks in a 2021 study assessing over 13,000 companies.

What services does Bankhaus von der Heydt offer with the help of Appian?

The bank offers blockchain, cryptocurrency trading, and crypto custody services, enhancing its FinTech capabilities through Appian's platform.

When was the announcement about Bankhaus von der Heydt's partnership with Appian made?

The announcement was made on April 15, 2021.