Kirsten Klosin, Board Member The age of digitalisation is not stopping at the financial market and is shaping banks and their customers in equal measure. With surging customer demand for digital interactions and increasing competition from fintech companies, banks find themselves compelled to modernise their core platforms.
The market increasingly offers modern, flexible solutions that have the potential to enhance or completely replace old existing core banking systems. In addition to the challenge of rapid change in their core business areas, banks and financial institutions must face the question of how they can stand out from the crowd today and in the future. EFDIS is here to help.
The company’s commitment lies in carefully crafting a robust portfolio of modules that are seamlessly integrated into each other and, at the same time, into comprehensive business process outsourcing (BPO) services. This strategic combination of technology and domain expertise fuels the drive for digital transformation within the banking ecosystem. With EFDIS as a trusted partner, banks can confidently navigate the path toward a digitally empowered future, ensuring a seamless and efficient transformation.
“Our extensive portfolio of software, services, and open architecture can cater to the diverse and unique requirements of banks. They are designed to adapt to a wide range of needs, including varying product offerings, individual processes, diverse transaction volumes, and distinct banking organisational structures,” says Kirsten Klosin, board member at EFDIS.
From Small Beginnings to Big Success
EFDIS has come a successful way since its beginnings in 1997 as a subsidiary of a small private bank near Munich. Deeprooted expertise in core banking makes it an exceptionally equipped partner. Today, the company offers a full range of core banking services to 20 very different financial service providers in Germany.
One reason for EFDIS’s success is its ability to provide comprehensive solutions that meet the specific needs of financial institutions in Germany. The company has a deep understanding of the local market and regulatory environment, enabling it to provide tailored solutions that help financial institutions comply with regulatory requirements while driving innovation and transformation.
“Our professionalism, pragmatism, and commitment to communication at eye level set us apart. We work closely with our clients and their partners to ensure seamless implementation and efficient daily operations. Our processes are certified and BAIT-compliant and our dedicated customer care teams are always on hand to assist with any issues or inquiries,” says Klosin.
One-Stop Shop for Banking Transformation
At the core of its offerings is EFDIS. CIFRA, a highly flexible and comprehensive core banking solution with a browser-based interface that provides flexible and modular solutions to meet the unique requirements of each bank. With its multi-layer architecture, EFDIS.CIFRA seamlessly integrates with other systems, offering a secure and scalable platform for banking operations.
In addition to the powerful EFDIS.CIFRA core banking software, EFDIS offers other attractive modules for modern banking. These offerings also include EFDIS.ONLINE for customeroriented online banking, EFDIS. SCREEN for full compliance in customer business, EFDIS.FIS for comprehensive risk management and EFDIS.FINREG for complete coverage of regulatory reporting. Depending on requirements, all components can be used separately or in seamless interaction as an integrated complete solution in the sense of “bank out of the box” as well as full service.
The platform is being further developed as a browser application to enable quick and easy integration into existing IT infrastructures and to avoid expensive and time-consuming changes. Its modular architecture enables financial institutions to easily customise and scale their operations, while providing a high degree of interoperability and integration between the different modules. Based on open standards, it is compatible with a wide range of systems and technologies.
With the additional offer of comprehensive full service, EFDIS is responding in a timely manner to the demand for efficient and economical outsourcing models, which enable banks to grow in a fast and secure way. Its full range of outsourcing services covers all aspects of credit management, including loan and deposit administration, customer service, and back-office support—allowing clients to focus on their core competencies while outsourcing other functions to a trusted partner who can deliver highquality services.
Plug-and-Play Full Service for Deposit Businesses: Ensuring Your Time to Market
The rapid developments on the financial markets require quick reactions. Those who currently want to profit from the boom in the deposit business do not have time to build up technology, personnel and processes.
With the additional offer of comprehensive full service, EFDIS is responding in a timely manner to the demand for efficient and economical outsourcing models, which enable banks to grow in a fast and secure way.
The wide range of outsourcing services covers all aspects of deposit management or credit management. EFDIS provides a powerful online banking front-end for smooth onboarding. The full service includes comprehensive and competent support for bank clients at the EFDIS Service Center as well as comprehensive handling of all back-office processes, including payment transactions, accounting and statutory reporting, right through to mailing. EFDIS clients benefit from extremely short set-up times, reliable and high service quality and can concentrate on their core competencies.
EFDIS.SCREEN: Your Compliance Compass for Navigating Financial Seas
The German financial market is subject to a complex legal and regulatory framework in which regulators are increasingly putting more pressure on banks to implement robust compliance programmes, for example, with a particular focus on AML, KYC, embargo and other risky business areas. At the same time, mandatory compliance is increasingly regulated at the European level. Staying up-to-date in the regulatory landscape is extremely time-consuming and resource intensive for banks.
EFDIS.SCREEN is a comprehensive solution that offers coverage of all three pillars of compliance— know your customer (KYC), embargo, and antimoney laundering (AML)—making the demands of regulatory bodies easy to meet. The pay-per-use model is economically interesting and leads to savings - also due to the potential for process optimisation. The flexible scalability allows banks to map their individual risk structures and business requirements. By leveraging these core features, financial institutions in the highly regulated German market can meet the comprehensive and ever-increasing demands of auditing, supervision, and legislators for monitoring payment flows.
Bankhaus C.L. Seeliger, a well-established private bank in Germany, recently integrated EFDIS.SCREEN into their processes to streamline compliance in customer business. This powerful tool enables the bank to perform automated KYC checks during onboarding, as well as examine all transactions for suspicious activities related to embargo and money laundering. All this is done seamlessly, without delays or media breaks, making compliance processes considerably faster and more efficient.
EFDIS.SCREEN is a perfect representation of what EFDIS solutions stand for—fast and streamlined implementation, functional performance, and costeffectiveness. With EFDIS as their trusted partner, Bankhaus C.L. Seeliger can now focus on providing clients with exceptional banking services.
Elevating the Digital Banking Experience with EFDIS.ONLINE
As the banking industry is propelled into the digital age, customer expectations are shifting towards fast and convenient access to financial services. To meet this demand, EFDIS has introduced its cutting-edge solution, EFDIS.ONLINE.
EFDIS.ONLINE offers a wide array of solutions that includes online banking, mobile banking and digital payments, setting standards in the field of digital banking.
Our professionalism, pragmatism, and commitment to communication at eye level set us apart. We work closely with our clients and their partners to ensure seamless project implementation and efficient, audit-proof day-to-day operations 
A responsive design ensures that EFDIS.ONLINE can be comfortably used on any mobile device and easily customised to suit the corporate design of each bank. Many parameters, such as conditions and texts, can be flexibly configured and displayed in any language. The seamless integration of the online banking application into a client’s existing web presence further ensures the transition to EFDIS.ONLINE is smooth and hasslefree.
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The firm’s outstanding commitment lies in meticulously crafting a robust stack of modules, seamlessly integrated with comprehensive business process outsourcing (BPO) services
An Unparalleled Team of Banking Experts
What sets EFDIS apart is not only their dedication to client services, but how they do it. The strong commitment of the EFDIS team stands for a constant striving for client satisfaction, which makes them a reliable and trustworthy partner in the banking sector. With a partnership and client-oriented culture and a reliable focus on the volatile legal, economic and industry environment, EFDIS shapes a highly competitive service and thereby contributes significantly to the success of its clients.
“Our approach is a shared journey with our clients. We talk, listen and work closely with our clients to overcome the many challenges they face. This happens in day-to-day business as well as in the context of large, strategic projects. We bring our knowhow, our experience, and last but not least, our technology to support our clients on their modernisation path. We are partners in designing the roadmap for the transformation of the core banking business and in selecting and implementing the best solution,” says Klosin.
True to her words, whether it is streamlining IT operations, improving efficiency, or enhancing customer experience, EFDIS continues to help its clients achieve greater efficiency and profitability, while also setting new standards for the future of banking and financial services.
