Press release – Bank für Sozialwirtschaft & CoCoNet

Innovation and improved user experience for corporate customers: Bank für Sozialwirtschaft opts for new multibanking solution from CoCoNet

Bank für Sozialwirtschaft has been offering their corporate customers a new multibanking platform with integrated cash management solution since 10/18/2021. For this purpose, the bank cooperated with a renowned specialist for digital banking solutions: CoCoNet

( Düsseldorf, 15-11-2021 ) Bank für Sozialwirtschaft (BFS) focuses on institutional customers of the social and health care sector. The new digital multibanking platform provides the bank’s corporate customers with a user-friendly overview of their accounts, bank details and transactions. Users can thus conveniently manage their payment transactions and gain an overview of their liquidity based on their payments. For this purpose, BFS uses the banking server MULTIVERSA IBS and the portal solution MULTIVERSA IFP from CoCoNet. Both products have been tailored to the bank’s needs and integrated with CoCoNet’s support.

User-friendly state-of-the-art banking for corporate customers

“We wanted to create a multibanking platform for our customers that meets today’s standards of modularity and user-friendliness. At the same time, we were looking for easier maintenance of master data and the option to expand at a later date,” says board member Oliver Luckner, responsible for Organisational Development & IT at BFS.

CoCoNet offered what BFS was looking for. “Our products integrate well with third-party services,” explains Mark Lohweber, CEO of CoCoNet AG. “In addition, to a large extent, they can easily be adapted in terms of appearance to the existing platforms of the banks. As a result, the banks’ customers have a consistent user experience.”

Smooth changeover for BFS customers

For BFS, it was also important to keep the previously used and proven security method – to make the platform change as smooth as possible for the bank customers. This has been achieved: “The transition to the new solution took place without any major problems. It runs with a high degree of stability and has a positive reception among our customers,” Oliver Luckner continues. “We are pleased with the positive feedback on the product launch and are looking forward to supporting BFS in the implementation of further projects”, Axel B. Wiethoff, CFO/COO of CoCoNet AG, adds.

About the Bank für Sozialwirtschaft AG

The Bank für Sozialwirtschaft AG is the only credit institution in Germany focusing exclusively on institutional customers of the social and health care sector. With a balance sheet total of 9.5 billion euros (as of 12/31/2020), it offers all the services of a universal bank to companies and organisations involved in care for the elderly, health care, assistance for persons with disabilities, child and youth welfare, education and other social services. Their consultants combine banking and socio-economic expertise. Services tailored to the social economy complete the range of offerings. Get more information: www.sozialbank.de

Press contact:

Stephanie Rüth, Head of Corporate Communications
Tel: 0221 97356-210, e-mail: s.rueth@sozialbank.de

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