Company Profile - Finanz Informatik

Company Profile
Sparkassen-Finanzgruppe
S finanz informatik

02 Key figures
Preface
The Company
Strategy
Supervisory Board
Finanz Informatik at a glance 1)
Key figures (June 30, 2009)
Financial data (2008)
Total assets (million €) 725
Total revenue (million €) 1,597
with savings banks 1,193
Service data
Supported savings banks 432
Total assets of savings banks (billion € cumulative, 2008) 1,052
Book-entry items (billions) 10.6
Technical transactions (billions) 62.9
ATMs 24,608
Statement printers 20,626
Other self-service terminals 12,293
Accounts (millions) 127.8
Home banking accounts (millions) 29.0
Employees 2)
1) including three 100-percent subsidiaries
2) Full-time equivalents
Finanz Informatik Company Profile
5,201

03 Key figures
Preface
The Company
Strategy
Supervisory Board
Ladies and Gentlemen,
The merger of FinanzIT and Sparkassen Informatik into Finanz
Informatik was the center of our attention in 2008. As an IT ser-
vice provider, the new company supports all German savings
banks as well as numerous other companies within the Sparkassen
Financial Group. The merger represents another huge
step forward in unifying information technology in the German
financial sector.
At the same time, the move offers substantial potential to
reduce costs. From 2001 up to today, we have achieved savings of
more than €1.5 billion through synergies resulting from the mergers
of former companies. After we have migrated savings banks
in northern and eastern Germany to the comprehensive IT solution
OSPlus by 2012, we expect additional savings of €200 million
annually. With these efforts, Finanz Informatik is making a
significant contribution to lowering the operating costs of our
saving bank customers during the current economic downturn.
At the same time, we continue to expand our service offering to
strengthen our position as a service provider and help our customers
maintain a competitive edge.
You will find further information about our major achievements
and key developments in our company on the following
pages. We hope this information will give you greater insight into
our operations and objectives.
Fridolin Neumann
CEO
Finanz Informatik Company Profile

Key figures
Preface
05 The Company
Strategy
Supervisory Board
The Company
Finanz Informatik Company Profile
Finance Informatik, headquartered in Frankfurt am Main, is the
IT service provider of the Sparkassen Financial Group. Its customers
include 432 savings banks, 9 federal state banks, 10 state
building and loan associations and various other companies within
the Sparkassen Financial Group and the financial service
sector. The new service provider resulted from the merger of Sparkassen
Informatik in Frankfurt am Main and FinanzIT in Hanover,
effective January 1, 2008.
Today, Finanz Informatik provides a full range of IT services,
including the development and implementation of IT applications,
networks and technical infrastructure as well as data processing
centers, consulting, training and support. With OSPlus, a
highly efficient comprehensive banking solution, the company
has one of the leading IT systems in the German banking market.
Its portfolio includes other IT services and solutions from subsidiaries
and partner companies.
Finanz Informatik is responsible for servicing 127.8 million
accounts. Each year, the company handles nearly 60 billion technical
transactions. It employs 5,201 people and generates sales
of about €1.6 billion annually.

Key figures
Preface
The Company
06 Strategy
Supervisory Board
Shaping the future together
• Merger and launch of Finanz Informatik
• Migration completed in Bavaria
• Successful consolidation of locations
• Expansion of subsidiary offers
Service provider focused on success
In 2008, the financial service industry experienced one of its
most difficult years in decades. Reducing costs and risk was a top
priority. Customer-driven, cost-efficient and high-performance
information technology has proven to be an essential tool for
achieving these goals during the current financial and economic
crisis.
A key area of focus in our company and the service we pro-
vide to the Sparkassen Financial Group is process optimization.
Our optimization efforts aim at encountering the current pres-
sure on costs and margins and at maintaining a strong position
in an exceptionally competitive business environment. Informa-
tion technology enables us to realize concepts and strategies in a
targeted way. It has a “servicing” function, and its impact on the
efficiency and business success of the Sparkassen Financial
Group should not be underestimated. The targeted use of IT can
also create value in the core business, such as sales. Each euro invested
in IT has a double payback at the end of the process chain.
Against this background, the move to bundle the IT service providers
within the Sparkassen Financial Group and form a joint
information technology company is a logical step.
Finanz Informatik Company Profile

Key figures
Preface
The Company
07 Strategy
Supervisory Board
Finanz Informatik Company Profile
Synergy effects of €200 million
This bundling process was completed last year following the mer-
ger of the IT service providers Sparkassen Informatik and FinanzIT
into Finanz Informatik. From the beginning of the negotiations
in mid-2008 to April 2008, executives from the service units col-
laborated on a merger concept that served as the basis for decisi-
ons by the boards and shareholders of Sparkassen Informatik
and FinanzIT. Among the key points of the merger strategy: The
institutions served by the former FinanzIT will migrate to the
complete banking solution OSPlus developed by Sparkassen Informatik
by the end of 2011; the Internet branch operations will
be integrated into OSPlus; the new company will have the legal
form GmbH & Co. KG and be based in Frankfurt am Main. The shareholders
of the former Sparkassen Informatik and FinanzIT will
own 66 percent and 34 percent of Finanz Informatik respectively.
Following positive decisions by the boards of the FinanzIT
and Sparkassen Informatik in April and May 2008, acceptance by
the shareholder committee and approval by the German Federal
Cartel Office, the merger became effective January 1, 2008. After
completing legal formalities, we initiated several diverse projects
aimed at mapping the merger within the internal organizational
structures and processes. At the beginning of 2008, we had already
started a project to prepare for the migration of the savings
banks served by the former FinanzIT to Sparkassen Informatik’s
comprehensive IT banking solution OSPlus. Several project banks
have been working with the solution since May 2009. Beginning
in 2012, the merger and integration of Sparkassen Financial
Group’s IT environment based on OSPlus is expected to generate
savings of about €200 million annually through synergies.

Key figures
Preface
The Company
08 Strategy
Supervisory Board
Successful migration in Bavaria
The successful migration of the Bavarian savings banks in Octo-
ber 2008 shows how synergies can be achieved by consolidating
IT units and using OSPlus jointly as a successful banking solu-
tion. After implementing OSPlus in all 75 savings banks in Bava-
ria, we now have more than 37,000 additional employees using
the solution. Since the beginning of 2007, we have converted ap-
proximately 17 million accounts, more than 2,900 ATMs and about
1,900 statement printers and 1,400 self-service terminals. OSPlus
is now deployed in more than 300 German savings banks, or
roughly two thirds of all savings banks in the country.
OSPlus is growing with customer needs
The expansion and continued development of OSPlus was a particular
focus in 2008. The comprehensive banking solution was
further enhanced through additional work in meeting customer
demands and legal requirements. In 2008, more than €100 million
was invested in this development. Parallel to the expansion
of OSPlus, we continued to develop the regional system of the former
FinanzIT, targeting a migration by 2011 and later discontinuation
of the system. In 2008, we invested around €78 million
in this work and aim to successively reduce these investments
by 2011.
Finanz Informatik Company Profile

Key figures
Preface
The Company
09 Strategy
Supervisory Board
Finanz Informatik Company Profile
In the coming years, Finanz Informatik will further enhance OS-
Plus, introduce the comprehensive banking solution to savings
banks in northern and eastern Germany as well as in the Saarland
region and further optimize internal processes. In the future,
we expect German Landesbanken (federal state banks serving savings
banks and other banks on a state basis) to make greater use
of OSPlus. We have earmarked more than €100 million for annual
investment in this expansion. Between 2009 and 2011 alone, our
OSPlus master plan calls for an investment of about €360 million.
We will give special attention to sales support and back-office
processing functions as well as so-called “processing factories” –
all aimed at giving savings banks still greater potential to lower
process costs.
Benefits for federal state banks as well
Federal state banks will also benefit from the consolidation of the
IT service providers and OSPlus solution, especially in the areas
of product development and operational services. The current
planning calls for a migration of additional federal state banks to
OSPlus in parallel to the introduction of the solution in the savings
banks. An OSPlus core banking system used jointly by savings
banks and federal state banks supports the collaboration
of these various banks, from an IT perspective. Additional benefits
include the use of joint OSPlus developments, reduced development
costs and the opportunity to acquire and successively
integrate federal state bank applications as part of an application
management process. Together with its subsidiary Finance
Informatik Technologie Service, Finance Informatik can achieve
greater economies of scale through bundling of services and
products.

Key figures
Preface
The Company
10 Strategy
Supervisory Board
Successful consolidation of locations
In the previous 2008 fiscal year, we successfully completed the
consolidation of locations under a plan agreed two years earlier.
Employees at the former locations in Duisburg, Karlsruhe, Colo-
gne and Mainz began work on September 30, 2008, at our facili-
ties in Frankfurt, Fellbach, Munich and Munster. By September
2008, we completed new additions in Fellbach and Munster,
which added hundreds of new workplaces, and leased additional
office space in Frankfurt. The aim of consolidating our locations
is to further improve the efficiency, quality and security of our
products and services. We have also introduced internal and external
measures – the latter in collaboration with local municipalities
– to help integrate employees at their new locations. Most
processes adjusted themselves in just over six months. The entire
consolidation process, which required a high level of flexibility
from employees, has been a success.
Strong together: Finanz Informatik and its subsidiaries
Finanz Informatik offers a broad range of services in collaboration
with its subsidiaries, which provide a number of specialized ser-
vices. For instance, Finanz Informatik Technologie Service offers
IT operating services and IT outsourcing to federal state banks,
partner banks of the Sparkassen Financial Group and additional
companies in the financial sector. Finanz Informatik Solutions
Plus enhances our offerings with tailored application systems and
software engineering support. Inasys develops portfolio management
systems for securities consultation and asset management,
while Star Finanz offers multibank-capable online banking solutions
with its StarMoney product line. Together with these and other
subsidiaries, Finanz Informatik offers customers a wide spectrum of
it services tailored to their needs and those of the market.
Finanz Informatik Company Profile

Key figures
Preface
The Company
Strategy
11 Supervisory Board
Supervisory Board
of Finanz Informatik
Dr. Rolf Gerlach (Chairman),
President of the Association of Savings Banks of Westphalia-Lippe
Shareholders’ Meeting
of Finanz Informatik GmbH & Co. KG
Thomas Mang (Chairman),
President of the Association of Savings Banks of Lower Saxony
Shareholders’ Meeting
of Finanz Informatik Verwaltungsgesellschaft mbH
Dr. Siegfried Naser (Chairman),
President of the Association of Savings Banks of Bavaria
Management Board
of Finanz Informatik
Finanz Informatik Company Profile
Fridolin Neumann, Chief Executive Officer
Franz-Theo Brockhoff, Deputy Chief Executive
Uwe Katzenburg, Deputy Chief Executive
Klaus-Peter Kubiak, Deputy Chief Executive
Willi Bär, Member of the Management Board
Harald Lux, Member of the Management Board
Dr. Peter-Michael Weber, Member of the Management Board
Jörg Wechsler, Member of the Management Board
General Power of Attorney
Andreas Schelling, Director of Core Bank and Credit
Michael Schürmann, Director of Sales

Finanz Informatik
Theodor-Heuss-Allee 90
60486 Frankfurt a.M. / Germany
Phone +49 69 74329-0
Fax +49 69 74329-8800
E-Mail: kontakt@f-i.de
www.f-i.de