Issue 7 2020

Dec19194 Effective and Efficient Support Based in Hamburg, the passcon Group is a dynamic and young consulting firm specialising in financial services, with a distinctive focus on implementation. Following their success in the 2020 Corporate Excellence Awards, we got in touch with Corinna Reibchen, CEO and founder of passcon, to find out more. Founded in 2016, the passcon Group has assisted firms all over the world. Since its founding, they have delivered innovative IT solutions and effective problem- solving strategies to their clients. To start, Corinna provides us with a brief overview of the firm and offers more insight into its specialities. “With 11 offices in nine different countries, we have spread all over the world, currently employing over 420 team members. From consultants and analysts to IT specialists, our team speaks over 22 languages together. As a dynamic and professional Anti-Financial-Crime One-Stop-Shop, we provide strategy, implementation, and suitable IT and data solutions, with an overall digital and flexible approach.” “Typically, we support our clients in the areas of Anti-Financial- Crime (AFC) and Anti-Money-Laundering (AML). For example, we help our clients in the Know Your Customer procedure (KYC), which is one of our biggest fields of expertise. KYC is a method of checking the personal and business data of customers of a financial institution, for instance, to prevent money laundering. With our in- house KYC factory and our automated KYC tool, GoKYC, we provide our customers with optimal support in achieving their production and processing targets.” Although passcon predominately serves clients in the financial sector, through their experience they are also operating in other industries, such as logistics or real estate. Moreover, as Corinna goes on, it’s their outstanding reputation, which has increased their client base. “In summary, we support all those who need effective and efficient support with regulatory requirements. With a unique portfolio of services and a ‘client-first’ approach, the needs and interests of our customers are always our highest priority. Through flexibility and agility, we have been able to adapt quickly and efficiently to the demands of new clients. By offering a unique all- round service package, our customers can engage us as their sole service provider and do not have to divide their work tasks among several operators. Being at the pulse of time is of great importance to us. This is why we participate in various trade fairs, such as those concerning regulatory technologies, Anti-Money-Laundering, and Anti-Financial-Crime as well as FinTechs, and get into conversation with the various market participants and exchange the latest news and forecasts.” The rising tide of regulations and its intensity has made it difficult for many financial institutions and companies that are subject to money laundering laws to comply with regulatory requirements. However, as Corinna goes on, by providing the necessary support, these companies have been able to focus on their other important matters. “Ultimately, we try to take the load off our customers in every way we can. Through our support, they can exclusively focus on their core business activities.” Committed to innovation, passcon developed their automated in-house solution GoKYC, however, the development has been made possible by sharing and exchanging knowledge and abilities within the team. “Thanks to our flat hierarchies, fast and flexible structures and experienced team, our employees are all-rounders and learn quickly. By consulting, analysing and developing together, when it comes to improving and adapting the tool to new circumstances, everyone is on the same page.” The employees of passcon play a huge role in the success of the firm and, as Corinna points out, motivation and experience are the two key factors that maintain high-quality services. “Each member of our team brings new energy and drive to every project they work on. Essentially this enables us to guarantee high quality, efficient and innovative services.” Additionally, when it comes to recruiting new personnel, recommendations have benefitted the firm hugely as Corinna explains. “We place great trust in the recommendations of new employees by team members. Especially those who perform very well by themselves are able to assess the performance of others.” Finally, Corinna comments on the future of passcon and the plans in place to ensure the firm remain at the forefront of the industry. “Having made great strides in such a short time we are excited about our future prospects. Going forward, we will be looking to increase the number of services we offer as we meet the demands of our clients. To have been recognised by Corporate Vision Magazine for our work is a great tonic for all the effort our team members have put in.” Company Name: passcon Contact Name: Corinna Reibchen Telephone Number: +49 1520 4280986 Address: passcon GmbH, Großer Burstah 25, 20457 Hamburg, Germany Web Address: