A Fintech bank masters its first Bundesbank audit
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1. Systematic:
implementation
The challenge of rapid growth
The zeb experts quickly identified that the young company, with its rapid growth and innovative business model, was faced with a particular challenge: In view of the rapid development of the institute, the current organization was no longer reflected in the documentation prepared for the foundation. The bank's principle of agile cooperation also reinforced the growing gap between written structures and daily processes.
2. Effective:
results
Identifying gaps and closing them with pragmatic experience
First, the gaps between the rapidly evolving day-to-day business and the existing documentation were identified. In a second step, the institute developed pragmatic solutions with the help of zeb to reliably close all gaps up to the start of the audit. Numerous best-practice examples from zeb Banking's many years of experience served as the basis.
3. Future-proof:
outlook and conclusion
New coordination office now always vigilant
The Bank has established a central coordinating body for all issues and concerns related to the Bank's audit. The Audit Office receives enquiries from the auditors and collects input from all relevant banking departments in order to provide the Bundesbank with precise and coordinated answers.
