Industry IT Services Founded 2015 | Website www.fiduciagad.de Type Aktiengesellschaft | |
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Headquarters Frankfurt am Main,
Baden-Württemberg, Germany Key people Klaus-Peter Bruns (Chairman)
Claus-Dieter Toben (Co-Chairman)
Jens-Olaf Bartels
Martin Beyer
Jörg Dreinhöfer
Wolfgang Eckert
Carsten Pfläging
Jörg Staff | ||
Fiducia & GAD IT AG is the IT service provider of the Genossenschaftliche FinanzGruppe Volksbanken Raiffeisenbanken, Germany’s Cooperative Financial Network. The company based in Karlsruhe and Münster with further offices in Munich, Frankfurt and Berlin employs currently more than 5,600 staff, generating an annual turnover of around 1.3 billion Euros. Among Fiducia & GAD's customers are all of the approximately 1,000 Volksbanken und Raiffeisenbanken in Germany, further companies from the Genossenschaftliche FinanzGruppe, as well as numerous private banks and companies from other business segments, such as the German automobile club (ADAC). Fiducia & GAD provides IT services for 167,000 banking work stations, administers roughly million 79 banking accounts and ensures comfortable cash supply by providing 36,000 ATMs and self-service terminals all across Germany. In its four high-security data processing centres Fiducia & GAD currently operates two core banking applications "agree21" and "bank21".
Contents
History
After talks concerning a possible merger of Fiducia IT AG (IT service provider for cooperative financial network in southern Germany, based in Karlsruhe) and GAD eG (the equivalent in northern Germany, based in Münster) had failed in previous years, negotiations were again picked up in late 2013. This time, both companies came to an agreement, resulting in the respective supervisory boards giving their assent in October 2014, followed by the owners of both companies in November and December 2014 respectively. The merger was finalized on July 1, 2015.
Services offered
The banks associated with the former GAD eG currently employ the core banking application “bank21”, whereas the application used by those banks associated with the former Fiducia IT AG was called “agree”.
By 2019 all German Volksbanks and Raiffeisenbanks are to be migrated to the new joint banking application “agree21”, which is primarily based on agree.