Jan Husseini, Managing Director The European banking technology market is growing rapidly, driven by the increasing focus on digitalization, changing customer preferences, and the adoption of advanced technologies. Banking and financial institutions face changes with a complex set of compliance, data protection, and security regulations. In addition, most are encumbered by legacy systems and processes that make it more difficult to deploy digital solutions or comply with regulations.
All this puts the banks and financial institutions in difficult positions while they struggle to find proper resources and subject matter experts that can help them navigate through the storm of changes. This is where get it live comes in with their expert knowledge and technology experience, to help customers master their challenges and the digital transformation ahead of them.
“Every customer and every project is different. There is no onesize-fits-all solution. If you operate in the niche market of custom banking tech, it is key that you understand the root issue and tailor a solution developed right to the customers’ needs. Of course, it helps if you know the market, the regulations, and are able to think in new and different ways,” says Jan Husseini, managing director, at get it live.
get it live comes up with creative and innovative ideas to provide custom solutions tailored to the needs of each client. Their team is dedicated to taking ownership and committed to achieving successful outcomes, which sets them apart from other companies in the industry.
Six years ago, they received a call from a German bank that was having issues with clients failing to meet their financial obligations, thus causing many to go into default. As a result, the bank wanted to ask clients for an increase in financial transparency. Understanding that this might not be seen as a favourable action, get it live took into account the stress points on both sides and proposed a different solution, resulting in a win-win situation for all parties.
In order to do this, the team used a method called Systematic Inventive Thinking (SIT) as one of its many tools, which helps you structure your way of thinking while forcing you to think in different ways in order to achieve a solution. Rather than just asking clients for more information, they tried to add further value for them by not only motivating clients to share the required information, but also giving them the opportunity to act upon the data and improve their entrepreneurial skills.
get it live therefore developed a benchmarking platform that allows the clients to compare themselves with others in the same market. This platform, which is now Germany’s largest benchmark platform, gives more insight into earning and spending and helps identify areas for improvement. As a result, the bank has fewer customers in default, gets more insight into the lender’s business, and has a better overview of their client’s market. Clients, on the other hand, share the data, since they get unique insights into the market developments and their competition.
We come up with creative and innovative ideas to provide custom solutions tailored to the needs of each client
get it live excels in a wide variety of areas, including risk assessment, complex online processes and platforms, as well as payments of all sorts. One of the keys to its success is its open-mindedness to different aspects of the process. Clients appreciate their ability to bring creative solutions to their regulatory issues. Essentially, they have a unique ability to find what clients need even when they do not initially know it themselves.
While their competitors generally charge for this service, get it live provides a detailed analysis free of charge and suggests a customized approach to clients. When it comes to pricing, they follow a fixed-budget model. While other agile approaches do not guarantee defined results, get it live delivers the agreed scope within a fixed budget. Their customers appreciate their ability to plan the expenditure in advance with the assurance they will get the desired results.
Aiming at enhanced efficiency, get it live facilitates the integration of various existing solutions used by banks. Clients may start out using standard solutions, but often realize their limitations and opt for a more customized version. In line with this, get it live specializes in finding custom solutions to help businesses achieve their goals.
