Frankfurt am Main & London – 6th
May 2021
Digitalisation firms komuno and LPA announced today the development
of an online portal for the automated processing of grants and loans on behalf
of Rentenbank. Germany's development agency for agribusiness, forestry and
rural areas, Rentenbank lent over €6 billion in low interest loans last year,
with farmers buying more machinery and rural infrastructure.
The development of the online portal and
interface connection is taking place in two stages. komuno and LPA will implement the online
portal for applicants and Rentenbank by the end of 2021. The portal will then
be expanded to provide connections with applicants’ own banking institutions
next year.
"The rapid implementation of the
portal is possible thanks to the many years of preparatory work done by komuno
and LPA in the area of subsidies: we are building on the existing komuno
infrastructure and expanding it into a fully comprehensive and independent
subsidy portal for Rentenbank," says Stefan Lucht, Managing Director and founder
of LPA.
“The new funding portal can implement any
funding programme thanks to an integrated construction kit. It is so easy to
use that new programmes can be created and managed by anyone. ‘Scalability by
design’ means that the portal can be expanded flexibly and growing requirements
can be implemented efficiently and with little effort," adds Thomas Eitenmüller,
Managing Director of komuno GmbH.
komuno GmbH is the provider of komuno, the
digital platform for municipal loans and subsidies. komuno brings municipal
budgets and lenders together. Cities, municipalities and special-purpose
associations place their loan tenders free of charge with financial
institutions of their choice, and financial institutions submit legally binding
offers. Active on the market since September 2018, komuno is a joint venture of
Helaba Digital GmbH & Co. KG and the LPA Group.
About the LPA Group
The LPA Group is one of the world’s
leading developers and consultants for technology-based capital market
solutions (CapTech) for banks, insurance companies and fund providers. The core
business of the multi-award-winning group is the CapTech suite, a portfolio of
leading technology solutions for automated consultancy, sales and documentation
for financial instruments, structured products and OTC derivatives. The
products and services of the LPA Group help financial services companies in
their capital market activities to automate their necessary advisory and
regulatory documentation processes, thereby increasing their efficiency and
achieving full compliance. The LPA Group also advises its customers on the
strategic planning and implementation of CapTech solutions. At its headquarters
in Frankfurt and at ten other international locations including Tel Aviv,
London, Zürich, New York, Paris, Barcelona and Singapore, almost 400 technology
and capital market experts are now working for a portfolio of international
clients.
Contacts:
komuno GmbH
Stresemannallee
30
60596
Frankfurt am Mainwww.komuno.de
+49 (0) 69 667
789 580
LPA-Group
Große
Gallusstraße 9
60311
Frankfurt am Main
www.l-p-a.com
+49
(0) 699714850