How FinPlanet supports banks in building new business areas

Original: Dunja Koelwel, “Der Banken-Fintech-Tausendsassa”, gi Geldinstitute, 23 June 2023 (in German)

In June 2023, the magazine gi Geldinstitute spoke with our Managing Director Sebastian Liebscher about FinPlanet's business model and what banks can expect from us.

At the heart of the conversation is our approach to new business areas. First, we analyse the bank's existing operating model and derive scenarios for market entry. On this basis, the management board takes a strategic decision. We then develop the target operating model and implement it together with the client – depending on the make, buy or partner decision, through a licence application, the selection of service providers or an acquisition.

Liebscher describes FinPlanet as a team of bankers, FinTech founders and IT experts who know the world of established institutions as well as that of start-ups. As examples of DLT business models, he cites trading and settlement systems under the DLT Pilot Regime, crypto-asset custody, crypto securities registers, trade finance and collateral management.

Key takeaways

• New business areas must fit the existing business and are analysed individually.
• Strategic decision first, then target operating model and implementation.
• Make, buy or partner determines whether a licence application, provider selection or acquisition follows.