History

Established as a German Limited Company in 1988 as the result of a management buy-out of the IT department of Gries & Heissel Privatbankiers AG (the ‘G&H’ in G&H Bankensoftware AG) the organisation was initially aimed at serving G&H Privatbankiers who strongly focused on wealth management, which was the driver for the BANCOS security trading module. In its first year, however, G&H Bankensoftware AG won their second customer, Berlin-based Allgemeine Beamten Kasse (ABK), who have since then been a client using the BANCOS Fixed-Term Loan, Revolving Credit, Giro Accounts, and Savings modules.

From the first year, G&H Bankensoftware AG have constantly grown to become and remain one of Germany’s premium banking solutions providers. In 1996, G&H Bankensoftware AG launched BANCOS ONLINE, Germany’s first solution for secure Internet banking, which has since then been to include a CORBA-based interface to BROKAT Twister and HP Nimius. Moreover, a telephone banking application and a call centre solution were developed by G&H.

Despite its conversion to a German plc (‘AG’) in 1998, G&H have remained a management-owned business until today. The year 2000 saw the creation of a 51% subsidiary, BANCOS GmbH. Owned by its management and G&H Bankensoftware AG, BANCOS GmbH’s focus is the development and maintenance of the BANCOS browser,
a Java-based graphical user interface for the BANCOS backend platform.

The next milestone in the company history was the introduction of a change to the German Banking Act resulting in account reporting as defined by KWG §24c. A tool to comply with this new regulatory reporting requirement was developed by G&H and has, since then, been operated by T-Systems, doubling the BANCOS client base.

In 2007, the organisation moved into their new headquarters in Berlin’s Wilmersdorf distict. The new facilities provide ample space for development and growth.