Philippe Oddo
Image: Frank Röth
The German-French bank has deficiencies in IT. Which bank is targeting expats in the USA, who is strengthening their power in Deka and where a former ING board member is starting as an advisory board member: have you heard that…?
From BHF Trouble with the German banking regulator? After the takeover of BHF-Bank in 2016, patron Philippe Oddo stopped the introduction of Avaloq’s core banking system, which had been in preparation there for a long time, and relied on his bank’s own IT from France. However, the BHF-Bank in Frankfurt operates more extensive business, and the Bafin complained about deficiencies in 2017. Now, after a second special stage, the supervisors were getting fed up. As the Bafin announced in March 2023, it ordered “ensuring proper business organization and additional capital requirements”, which Oddo can easily handle.
the Dutch neobank Bunq applied for a banking license in the US? In the future, Bunq is targeting expats from Europe living in the USA who want to use several currencies via the app at relatively low exchange rates.
Birgit Dietl-Benzin strengthen their home power in the Deka? Dietl-Benzin, which switched from UBS to Sparkassen-Fondsgesellschaft in June 2020 as Chief Risk Officer, officially brought Stefan Herting from her old employer to Deka on November 1 as Head of Compliance and thus successor to Britta Schulzke.
Investors Marketing, a consulting firm for banks and savings banks that long-standing former ING board member Bernd Geilen has gained as an advisory board member?