Banks and financial service providers face a dual challenge: on the one hand, they need to improve customer experiences and increase process productivity. On the other hand, demands for transparency, operational resilience and digital sovereignty are growing.
IT landscapes that have grown over many years can limit the pace of a digital strategy. Therefore, targeted and continuous development of existing systems, taking into account business objectives, technological opportunities and regulatory requirements, is crucial. We use modern technologies while complying with security and regulatory requirements.
We support banks and financial service providers in the structured development and targeted implementation of their digital strategy. Together, we align IT modernisation, AI deployment and orderly data management in such a way that innovation, security and compliance go hand in hand.
With the FiDA, PSD3 and PSR regulations, the EU is striving to create an open, secure and standardised financial market. While new competitors are already establishing agile, data-driven offerings, traditional banks must act now to secure their revenues and customer access in the long term.
Open finance offers enormous potential in this regard: expanded access to data enables tailor-made products, right through to hyper-personalisation. At the same time, a 360-degree view of the financial situation reduces costs by accelerating automated and precise decisions, for example in risk assessment. This also increases responsibility: banks must not only share data, but also process external sources carefully and in the interests of their customers.
Whether it's new payment transaction requirements under PSD3/PSR, rising expectations for data transparency under FiDA, or security requirements under DORA, the financial sector is undergoing a digital transformation. How can innovation, security and scalability be combined? We help you tackle these challenges effectively. With a focus on business objectives, in-depth industry knowledge – for example in retail banking – and a clearly focused approach.
Through the intelligent integration of GenAI into business processes and the IT landscape, information can be evaluated more quickly, decisions can be made on a more informed basis, and interactions with customers can be tailored more individually.
From concept to reality: Generative Artificial Intelligence (GenAI)
GenAI is fundamentally changing the way banks work: from customer dialogue and internal knowledge management to the automation of internal processes. GenAI enables more personalised communication, more efficient processes and new digital services. We support banks in identifying meaningful application scenarios and implementing them in compliance with regulations, such as the AI Act.
AI agent platform for performing complex financial analyses
Increasing data volumes, skills shortages and regulatory pressure are challenges facing banks. AI agents take on recurring tasks, support decisions in real time and relieve the burden on specialist departments through increased automation. We develop AI agents for the financial sector, for example for key figure analysis, knowledge management or as digital assistants.
hyperSPRINT
Banks often face complex challenges when it comes to digitalisation projects. hyperSPRINT offers a method for developing innovative solutions within five days. Collaboration, AI and user feedback enable well-informed decisions to be made.
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The amount of data generated in banking is growing rapidly. This opens up enormous potential for data-based decisions and AI-supported innovations such as automated reporting.
A lack of accountability, confusing platform structures and inadequate (data) governance processes mean that opportunities remain untapped. Regulatory requirements become an ongoing operational task. At the same time, automated (AI-based) decisions must be explainable, reports must be traceable and data usage must be auditable.
Data engineering and platform development
Whether for master data, transaction data, movement data, risk data, financial and economic data, or operational and process data, a stable data platform forms the basis for data-driven decisions. We use data engineering methods to collect, process and utilise data.
Data Innovation and Analytics
Data-based decisions are a key success factor in the banking environment, enabling risk assessments, regulatory reporting, fraud monitoring, controlling and customer service to be made measurably faster, more efficient and of higher quality. We combine exploratory analysis methods and data science approaches to gain relevant insights from your data, visualise them and use them as a basis for action.
AI and machine learning operations
We help banks to integrate AI models stably and securely into the everyday life of the often very heterogeneous IT banking environment, from prototype to productive use, with infrastructure, automated processes and control over performance and risks.
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Many banks are stuck when it comes to IT modernisation. Their technological infrastructure has grown over many years and is characterised by numerous dependencies and special features. New requirements can only be integrated at great expense, as the systems are closely interlinked and the necessary knowledge is lacking.
Replacing entire systems is risky, expensive and time-consuming. A better approach is gradual modernisation based on clear business objectives such as time-to-market, IT stability and robustness, or transaction costs. Our approach combines technical expertise with AI analysis and is suitable for ongoing operations.
Asset-based Modernization
Modern IT strategies focus on the further development of existing systems. With our asset-based modernisation approach, we guide financial institutions through four phases, taking ongoing operations into account.
System Health Check
The System Health Check provides an objective assessment of your IT landscape and compares it with your requirements. Especially for banks with historically grown systems, this is the crucial first step towards creating transparency and making modernisation plannable.
System Review
Our System Review provides an in-depth assessment of your IT system landscape. Our 360° approach covers architecture, code quality, processes, team structures and organisational framework conditions, enabling you to make informed strategic decisions.
Cloud Transformation
Die Cloud ist die Grundlage für Skalierbarkeit, Effizienz und Innovation. Der Weg dorthin ist anspruchsvoll. Er reicht von der Migration bestehender Systeme bis zur Entwicklung cloudnativer Anwendungen. Gerade im Hinblick einer digitalen Souveränität ist der Handlungsdruck für die hochgradig sensiblen Daten groß.
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In light of increasing cyber risks and strict regulations such as DORA, operational resilience is becoming a strategic foundation. Banks must demonstrate that their IT systems are stable, secure and controllable – across departments, service providers and interfaces.
Challenges arise not only from technology: manual processes, confusing user interfaces and unclear procedures can also increase risks. Security, usability and compliance must therefore be considered together from the outset.
Threat Modeling
We identify vulnerabilities in the financial environment at an early stage, assess protection requirements and analyse threat scenarios for resilient IT architectures.
Application Pentest
Our realistic tests reveal where risks exist in applications or interfaces and provide specific recommendations for securing them.
Shift Left Security:
We embed security early in the development process – automatically, efficiently and in line with regulatory requirements.
DevOps
Stabile Betriebsprozesse und klare Verantwortlichkeiten: Wir verbinden die Bereiche Entwicklung, Betrieb und Regulatorik für einen sicheren Software-Lebenszyklus.
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Companies in the financial sector rely on iteratec when it comes to the secure and sustainable development of their IT landscapes. With our in-depth industry knowledge and technological excellence, we develop tailor-made solutions: from the modernisation of business-critical legacy systems to the implementation of regulatory-compliant platform strategies. Whether IT architecture, cloud, security or AI: we deliver consistent results that achieve your goals.
With over 1.000 successful projects and a customer satisfaction rate of 97 %, iteratec is a leader in digital product innovation, software development and infrastructure solutions. We are the partner that makes the difference.
