Objectway partners with Baader Bank to drive ‘Road to Future’ program

By Gloria Methri

Baader Bank, a European provider of securities and banking services, has partnered with Objectway on its “Road to Future” program to modernise its core banking system over the next three years.

This initiative builds on their partnership since 2010 and aims to support the bank’s rapid growth by enhancing scalability, efficiency, and transaction processing. The program will also streamline customer reporting and prepare the bank for a potential shift to SaaS or cloud-based operations.

Objectway will employ its Solution Design procedure to ensure a systematic approach to problem analysis and solution delivery. This process includes a thorough examination of the bank’s pain points, operational needs, and constraints to derive actionable epics for the implementation phase. An agile development methodology will be adopted, testing various strategies to identify the most effective solutions.

The final stage will involve a thorough review of all developed solutions, ensuring the optimal strategies are implemented.

“This is Objectway’s standard, well-proven approach, ensuring strong project control, management and transparency, ongoing support and timely delivery,” said Karl im Brahm, CEO of Objectway for the DACH region. “In light of the increasing importance of flexibility for core banking systems, we are dedicated to acting as a trusted orchestrator in pursuit of solutions that meet the evolving demands of the market. This includes ensuring technical adaptability, functional scalability and regulatory compliance.”

By enhancing scalability and operational efficiency, the program paves the way for new business opportunities and increased capacity, marking another significant milestone in the long-standing partnership between Baader Bank and Objectway. As the program progresses, additional enhancements will continue to elevate the bank’s service offerings, reinforcing Objectway’s pivotal role in driving innovation and excellence within the financial industry.

Nico Baader, CEO of Baader Bank, said, “In recent years, Baader Bank has consistently optimised its platform with a focus on future growth in the securities and brokerage sectors while continuously investing in innovation. Through the ‘Road to Future’ program, Baader Bank is positioning itself as a leading partner for securities and banking services in Europe. We are delighted to share this vision with Objectway and to realise it together as planned.”