Appway develops software solutions that enable financial institutions to quickly adapt to changing market conditions and compliance requirements. Its cooperation with the consulting firm BearingPoint will provide German financial service providers with fast and cost-efficient support in implementing their digitalization processes.
“Appway makes it possible to digitalize targeted processes, which resolves the conflict between digitalization and cost reduction due to reduced margins and regulatory provisions,” Theodor Schabicki, a partner at BearingPoint, said in a statement.
The two companies have worked together before when they implemented new digital solutions for the German stock exchange and a major Swiss bank.
“We now want to tackle projects together that help financial service providers achieve greater client centricity, agility on the market, and efficiency,” said Hans Peter Wolf, CEO and founder of Appway.
Wolf founded Appway in 2003. The company from the Greater Zurich Area has offices in New York, Hong Kong, Singapore, London and Toronto, as well as in Ticino and Geneva. Its clients include full-service banks such as Credit Suisse, HSBC and JP Morgan, numerous retail banks, as well as four of the five largest players in the international asset management sector.