Key takeaways:
- FIS’ deposits-as-a-service rollout positions BMW Bank to handle deposits and lending activities with greater operational efficiency.
- The integration of FIS® K-CORE24 and FIS® K-e-Banking gives BMW Bank a more unified digital infrastructure to support growth and customer expectations.
- The deployment highlights rising demand among German financial institutions for digital-first systems that reduce friction across core banking functions.
FIS has widened its presence in Germany’s financial technology market, working with BMW Bank GmbH on a deposits-as-a-service setup built on FIS® K-CORE24 and FIS® K-e-Banking.
BMW Bank shifted to the new system, moving more than 300,000 deposit accounts onto the platform. The transition to digital operation comes at a time when many financial institutions are paying closer attention to operational efficiency.
The implementation reflects how FIS is pushing its embedded finance strategy, giving banks a way to pull deposit services more tightly into their digital operations. With the platform in place, BMW Bank can handle transactions with fewer steps and offer a smoother customer experience across its deposits and lending business. FIS describes the collaboration as a way for the bank to pursue stronger growth prospects while sharpening its competitive footing in a fast-evolving market.
At the center of the rollout is a customized deposits-as-a-service package. It incorporates FIS® K-CORE24, which is established in the German market as a core-banking engine, along with an updated FIS® K-e-Banking system designed to offer a secure, modern interface. The digital layer includes two-factor authentication and merchant-focused functionality enabling direct transaction handling between merchants and the bank. These features are aimed at giving clients and their customers a more intuitive and protected digital banking environment.
Kanv Pandit, Head of International Banking and Payments Sales at FIS, said: “We’re delighted to partner with BMW Bank to help grow their deposits and lending business. Many businesses like BMW Bank are looking to streamline their operations to address disharmonies across the money lifecycle, and this project proves that technology solutions can truly elevate the full end-to-end banking experience.”
Commenting on the transition, Stephan Cohnen, COO, BMW Bank GmbH, added: “We’re extremely pleased with the transition to the FIS platform. With banking expectations across Germany rapidly changing, banks and other financial services providers are now looking for digital-first solutions. By partnering with FIS, we now have a solution which can help drive operational efficiency, help us achieve our deposit growth goals and exceed our customers’ expectations.”