Norway


The promissory note is currently the financing instrument of choice for many CFOs. In the meantime, the thoughts of the leading banks in this segment revolve around the question of how the issuance of the securities can become and cheaper. While Landesbank Baden-Württemberg ( LBBW ) relies on blockchain technology for this purpose, is taking a different approach: Landesbank is cooperating with Value Concepts, as announced today.

The Fintech wants to digitize the complete issuing process of promissory notes with the help of its platform VC Trade. “Above all, it’s the upstream processes – the negotiations, the exchange of documentation and the investor approach – that still require a lot of manual work today. This is where our platform can help, promises” Stefan Fromme, founder and CEO of Value Concepts, to journalists Monday. Up to 40 percent cost savings could be in business, said Andreas Petrie, head of primary business at Helaba.

 



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