CoCoNet strengthens its commitment to innovation with investment in new business unit
- CoCoNet Innovations will drive the development of new and support the enhancement of existing products for banking solutions
- Banks’ corporate clients will benefit from user-friendly, best-in-class solutions that enable them to improve their processes, reduce their risks, save money and grow their revenues
CoCoNet, the market-leading provider of digital banking solutions, has further expanded its innovation capacity with the launch of a new business unit. Düsseldorf-based CoCoNet Innovations GmbH will develop new products and enhance existing products designed exclusively for the corporate banking sector. Joint managing directors Björn Hassing and Dennis Rochel will lead the new unit. Hassing is an existing member of the CoCoNet group board. Prior to being named as MD for the new company, Dennis Rochel led the development of CoCoNet’s digital banking platform.
The new company will act as a centralised hub for innovation, enabling CoCoNet to decouple its market-oriented improvement initiatives from daily customer projects. CoCoNet Innovations will also be charged with developing new business opportunities and identifying possible collaboration partners that enable the company to enrich its product portfolio.
CoCoNet’s bank customers will benefit from new platform solutions for customer lifecycle management and customer collaboration, for example. The innovations will help them to improve their processes, reduce risks, save money and grow their revenues.
Commenting on the launch of the business unit, Dennis Rochel said: “At CoCoNet, we see innovation as central to our future strategic direction. In these challenging times, we believe it is more important than ever to invest in product development so that we retain our market-leading position within the corporate banking sector and create additional value for our customers and their clients.”
Björn Hassing and Dennis Rochel, MDs of the new unit CoCoNet Innovations.