Paris, July 2nd – SBS, the leading software company helping banks and financial institutions digitalize their services, is thrilled to announce that Bank11, one of Germany’s leading independent automotive finance provider, has extended its longstanding partnership with SBS for another 8 years, a relationship that first began back in 2012.
As a highly digitized specialty bank that supports car dealers throughout Germany, Bank11 has decided to migrate to SBS Asset Finance. This allows the bank to use the latest cloud-native version, SBS Wholesale Finance, in combination with SBS Digital Audit, SBS’s AI-powered digital audit tool, which was developed to enable smarter risk management and greater operational efficiency.
This move is a natural fit for a bank that places digital transformation and AI-driven automation at the heart of its strategy in the automotive finance sector. A powerful vote of confidence and a testament to what a long-term technology partnership can achieve.
Bank11 is a credit institution specializing primarily in sales and purchase financing for the German automotive trade, offering a competitive range of mobility and insurance products. Bank11 is headquartered in Neuss and employs over 400 people. True to its motto “Fast. Smart. Digital.”, Bank11 stands out through simple, high-value products. The bank is particularly recognized for its fully digital and highly efficient processes.
In addition to its automotive expertise, Bank11 offers consumer loans – both independently and through partner banks – that are not tied to vehicle purchases. To refinance its core operations, Bank11 provides private and institutional investors with attractive savings bonds, call money accounts, and fixed-term or notice deposits, while also engaging in securitization transactions.