Deutsche Postbank is working with SAP to implement a new back office system which will allow it to offer payment processing and administrative services to other banks by the end of the year.
The introduction of the SAP software will bring all of Postbank's back office functions into a central command and control configuration, enabling the Bonn-based institution to easily extend its transaction processing capacity to third party banks.
The majority of Postbank's processes will have been shifted to the new SAP platform by Q3 2003. The bank says it is undertaking the organisational changes required to operate the new outsourcing business from its offices in Berlin and Frankfurt.
Dirk Berensmann, responsible for IT and operations on the Postbank board says the bank is determined to take advantage of its new processing capabilities.
"Because of our technological advances and our very large volumes, which allow us to achieve very favourable unit costs, we're certain that we will be a very interesting partner for other banks," he says.