Reply acquires FINCON to extend its presence in Germany
By Joy Dumasia
REPLY announces it that has signed an agreement to acquire 100% of FINCON Unternehmensberatung GmbH, a German consulting company leader in digital transformation projects for the banking and the insurance industry.
FINCON, headquartered in Hamburg, is a pure consulting company specialising in the financial services industry’s core processes and systems, such as mobile banking, payments, core banking, internal control system and regulatory compliance, BIPRO and insurance systems. Among the customers of FINCON, there are the main German banking and insurance institutions and many of the German Sparkasse.
The investment in FINCON is part of Reply’s international growth strategy, particularly in Germany, where Reply is already a leading player in consulting, system integration and digital services. The managing directors of FINCON, with the role of “Partner Reply,” will focus on further developing and expanding the activities of FINCON within the Reply Group in Germany.
Mario Rizzante, President of Reply, said: “FINCON mixes a great expertise on banking and insurance processes with a constant attention to technological innovation. With FINCON, our goal is to expand Reply footprint into the German banking and insurance sector with a focus on digital transformation projects, an area where all the main industry players are concentrating the majority of their investments.”
Frank Dünnleder, CEO of FINCON, commented: “We are very excited to be joining Reply’s network of companies as the leading consulting company for the financial services industry in Germany. The strong interest in people, culture and customer focus that characterise Reply fits perfectly with our corporate culture. As part of the Reply network, we benefit from the innovative power and creativity of the entire group, which enables us to support our customers even better and more comprehensive with cutting edge solutions and services.”
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