Germany’s largest savings bank Haspa in major tech overhaul
Hamburger Sparkasse (Haspa), Germany’s largest savings bank, is modernising its front-to-back office technology with Finanz Informatik and Diebold Nixdorf.
Haspa has been outsourcing “a significant portion” of its IT to Diebold Nixdorf for over a decade, and the new agreement will build on this relationship for another six years (until 2023), the vendor says.
Diebold Nixdorf will support the decentralised IT operations for approximately 6,000 of Haspa’s work stations and the management of its self-service network of more than 800 systems, including cash management, network services, file and print services, the operation of servers for a range of applications, the management of middleware and database applications, and a user help desk.
It will also assist Haspa with its migration to a new core banking system, One System Plus (OSPlus), supplied by Finanz Informatik, the IT arm of the Sparkassen Finanzgruppe (Sparkasse Finance Group).
OSPlus will be implemented by 2019, replacing SAP’s core banking software, currently used by Haspa.
Diebold Nixdorf says it will support the project “through the establishment of a network infrastructure and new server landscape”.
Haspa embarked on the core renovation project in November last year. The bank says it is keen to digitise, improve customer service and product set, improve regulatory reporting solutions (to be supplied by Finanz Informatik rather than developed in-house) and cut costs (by sharing them with other savings banks running OSPlus).
Finanz Informatik already supplies its OSPlus solution to around 400 sparkassen (savings banks) in Germany. There are 431 of such banks overall. Together, they have the total assets of about €1 trillion, a network of 15,600+ locations and 250,000+ staff.
Haspa has €43 billion in assets, 5,000 employees and 150 branches.
You win some, you lose some
Finanz Informatik has also recently signed Landesbausparkasse (LBS), a building society and part of the Sparkasse Finance Group. This is the first “landesbanken” in Germany to sign up for OSPlus, the vendor says.
Meanwhile, another building society – Bausparkasse Schwäbisch Hall – is implementing the aforementioned SAP core banking system. Bausparkasse Schwäbisch Hall is the largest building society in Germany, with 7.5 million domestic customers.