helps Banks, asset managers and other finance institutions reduce their fixed
cost base by automating and digitizing their client advisory and regulatory
documentation processes, thereby increasing their efficiency, scalability and
achieving full compliance. At its headquarters in Frankfurt and at ten other
international locations including Tel Aviv, London, Zürich, New York, Paris,
Barcelona and Singapore, over 400 technology and capital market experts are now
working for a portfolio of international clients.
Briefly explain your business
Peter Schurau: As
a leader in FinTech software and consulting since 1999, we truly understand
what makes the capital markets tick. We are a global, rapidly-growing provider
who transform and digitalize players in the ecosystem of capital markets – from
banks to asset managers. Our expertise lies in our sound capital market
knowledge combined with powerful technology.
Consulting is provided on a project basis.
Software is adapted to clients specific needs and processes and is licensed on
an SaaS model either in the cloud, via API or on premise and includes the
required project design, testing and integration and ongoing support.
“Capmatix Post-Trade” was developed as a
digitization project in an approximately 18-month co-innovation process between
Commerzbank and the LPA Group and tailored to the requirements of the
post-trade area. The solution transforms the back office processes in the
capital market corporate customer business by allowing processes to be
controlled as a whole and adjusted if necessary. As a result, Commerzbank
benefits from shorter time-to-market times for new products and further
improved customer service.
What can banks expect from you?
Peter Schurau: Our
vision is to unlock potential in the financial services industry enabling
agility and client focus. We apply our deep domain expertise to tailor
technology and advisory solutions enabling clients in the financial world to
remain agile and efficient in complex, changing environments.
Banks can expect to see several results from a joint
project with LPA. Firstly a reduction in the fixed cost base, which may also
mean a transition to a variable cost base by outsourcing to LPA.
Secondly a more robust compliance position by relying
on LPA knowledge of applicable regulatory standards and how that should change
workflows and documents.
Thirdly, digital transformation of legacy IT platforms
and working processes to become more scalable and hyper-efficient enabling
greater competitiveness and even making smaller deals potentially more
Our aim is to be the skilled specialist who clients
can turn to as a trusted and reliable strategic partner. A project with a large
German savings bank / bank to automate the issuing process of structured retail
products improved the scalability and enabled the bank to become one of the
market leaders in Germany.
What is your USP
Peter Schurau: Clients
continually thank us for a real combination of deep financial domain expertise
with software and consulting know-how. Over and above this, we take great care
to ensure our people have a genuine care for the client. Our success and growth
depends on the success of our clients.
Paper-based processes and systems are encumbered by
unclean data, manual reconciliations, and potentially uncontrolled customisation.
Migrating these systems to the cloud and transforming these processes, capital
markets players can reduce costs up to 75%.
Implementation knowledge is lacking in
organisations—73% of banks see lack of knowledge and experience as a primary barrier
to further cloud adoption. LPA provides this implementation capability.
64% of sell-side firms in a recent survey have made
increasing automation through AI one of their critical longer-term goals as
overall global spending on AI systems rises to $98 billion in 2023 with a
compound growth rate of 28.4%. LPA has significant capability and experience in
Regulatory reporting challenges are numerous and will
continue to increase in the coming years. Our acarda platform automates all
processes - from data management and sophisticated calculations to the creation
and distribution of reports. This service with a transparent dashboard to all
data and calculation is used by many asset managers and fund administration for
their clients. We calculate, produce and distribute all kind of European
reports from AIFMD, PRIIPS EPT, EMT, Solvency II TPT, VAG, CRR II, SFDR with
one single data source and one platform.
About Peter Schurau
Peter is CEO of LPA and also Industry Partner at
Motive Partners and former Chief Executive Officer of Capco Europe.
Prior to this Peter worked in the Financial Services
division of KPMG Consulting. When KPMG Consulting spun-off from its audit
holding company and was listed as BearingPoint, Peter became a member of the
European Management board and ran Financial Services Europe. Under his
leadership, BearingPoint became one of the leading advisory and SI consulting
firms servicing the FS industry. In 2007, he joined Capco to lead the European
region. During his tenure, he successfully transformed the business into a high
growth and above market profitable organization. He grew the business in all
relevant markets while expanding in all major Key Accounts. He was also
managing Capco’s growth aspirations in the Asia Pacific region.
Article published on May 14th 2021 by Geldinstitute.de