SEBA Bank AG Implementation of Switzerland’s First Blockchain Core Banking System
Hypothekarbank Lenzburg AG (HBL) is an independent Swiss bank with a long tradition and a strong focus on digital financial services. With its self-developed core banking software, Finstar, it offers other banks comprehensive Business Process Outsourcing (BPO) services. SEBA Crypto AG, now known as Amina Bank AG, planned to enter the market as the first regulated crypto bank and decided to use HBL’s ASP and BSP services for the efficient and secure handling of its banking operations.
With the support of Metagon, SEBA was efficiently and successfully integrated into the Finstar banking system on time.
Challenge
SEBA Crypto AG aimed to establish a crypto bank under Swiss law and required a robust IT and business process infrastructure. To become operational quickly and efficiently, SEBA decided to use the ASP and BSP services provided by Hypothekarbank Lenzburg (HBL). The services linked to the Finstar banking system had to meet the highest technological and regulatory standards, providing interfaces for cryptocurrency storage. To ensure smooth and efficient integration within nine months, Metagon was entrusted with project management.
Solution
Metagon managed SEBA’s integration into the Finstar banking system with a structured and focused project approach. In close coordination with the stakeholders, business and technical requirements were defined, and a detailed implementation plan was developed. Through gradual testing, targeted workshops, and close coordination, the implementation was carried out efficiently and with minimal risk. The focus was on standardized integration to meet the ambitious timeline. Thanks to the seamless collaboration between SEBA, HBL, and Metagon, the connection to the ASP and BSP services was successfully achieved.
Results
With the support of Metagon, SEBA was successfully and timely integrated into HBL's Finstar banking system. The standardized implementation ensures a secure and scalable IT infrastructure that complies with regulatory requirements. The close coordination of all parties involved ensured a smooth operational start within the planned nine months.
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