Postbank has launched its new software for consumer lending. From today, the program, which was developed jointly with SAP, will be used to process all mortgage lending and annuity loans for Postbank's private customers. "This launch marks a further milestone in the development of our transactions platform, opening up additional cost synergies in retail business. At the same time, we can now offer other institutions services for processing annuity loans and mortgage lending as well as services for payment transactions and checking account management," emphasized Dirk Berensmann, Managing Director for IT and Operations.

Postbank developed the new credit software together with the Walldorf-based software developer SAP. Originally, the SAP program provided a tool for managing mortgage lending, which is already being successfully used at Postbank. By extending the program to cover annuity loans, Postbank now has a joint SAP platform for its entire retail lending business at its fingertips. As a result, cost synergies can be leveraged in future maintenance and further development of the program. The program has full multi-client capability and thus extends Postbank's repertoire as a service provider for other banks.

The smooth rollout began with a two week pilot in July, which included up to 50 branches. Early in August, new customer business began using the SAP software and in September, almost 150,000 existing annuity loan agreements were transferred to SAP. These account for a credit volume of around EUR 1.1 million. In cooperation with SAP, Postbank will continue to develop the transaction platform. In future, savings accounts will also be managed using SAP.