#Digitalisation
#Savings Banks
#Public Sector

27.06.2018

Komuno – launch of digital platform for municipal loans

A solution that enables local authorities and capital providers to make optimum use of digital technologies in their lending activities

  • Helaba Digital and Lucht Probst Associates to launch “Komuno” joint venture
  • Digital platform connects local authorities and banks in the arrangement of municipal loans and consi­derably facili­tates tendering process

Helaba Digital GmbH, the investment company of Helaba Landes­bank Hessen-Thüringen, and Lucht Probst Associates (LPA), are setting up a joint venture called “Komuno”. Together, they have developed a solution that enables local authorities and capital providers to make optimum use of digital techno­logies in their lending activities. The “Komuno” digital platform, which will allow banks to bid for municipal loan tenders, will be available from 3 September 2018.

By combining its long­standing experience in the local govern­ment sector as well as in financial markets, Helaba has colla­borated with LPA in creating a highly specialised platform that is tailored to the require­ments of the public sector: Komuno is a secure, web-based solution that does not depend on a specific location and contains the infra­structure of a digital marketplace. This is where supply and demand meet and are brought together in a way that is ideally suited to the needs of both sides. Komuno enables the tendering process for long-term investment loans and short-term cash advances to be consi­derably simplified using the individually customisable workflow system. Depending on their specific needs, local authorities them­selves can choose which investors they would like to approach; and, if preferred, in a variety of different ways. The range of services available on the platform includes new loans, prolongations of existing loans, short-term liquidity lines and long-term fixed-interest finance. Thanks to the availability of municipal budget figures, budgetary docu­mentation or infor­mation about overall debt levels, investors are able to make rapid, informed decisions with minimal effort.

“For us, Komuno is a further building block in our digital agenda towards estab­lishing a catalogue of digital products and services for our clients”, commented Thomas Groß, the Vice-Chairman of Helaba’s Board of Managing Directors.

“We are convinced that local authorities and banks are ready to transition to new media. In Helaba and the Sparkassen-Finanzgruppe, we have found the best possible partners for this venture”, added Stefan Lucht, founder and managing director of LPA.

The founders

Helaba Digital

Helaba Digital GmbH is an invest­ment company owned by Helaba Landes­bank Hessen-Thüringen that focuses on innovative companies that are the driving forces behind the issue of digital trans­formation in the areas of financial services (Fintechs), regulation (Regtechs) and the real estate sector (Proptechs). This leads to invest­ments that actively complement the Helaba Group’s business model and optimise the bank’s core processes.

LPA

LPA is a financial service provider with a particular focus on capital market activities, offering strategic advice, management and implemen­tation services as well as a broad suite of software to optimise processes and regulatory compliance.
In addition to a global network of locations, the company, which was estab­lished in 1999, employs 200 people at its head office in Frankfurt am Main. In co-operation with the DSV Group, a provider of digital and analogue media products for the German savings banks sector, LPA has also been respon­sible for the develop­ment of the municipal debt management system “S-Kompass”.


Mike Peter Schweitzer
Head of Communications and Press Officer
Ursula-Brita Krück
Deputy Press Officer
To be able to continuously improve our website, we use cookies. If you continue your visit, you agree to the use of cookies. For more information, see  Data protection