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50 Best Companies to Watch 2019

passcon GmbH: Making Innovation a New Tradition and Creating Business Opportunities without Boundaries

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“We are fast to implement solutions for our clients as well as constantly developing to offer our clients the newest solutions.”

A finance consulting or consultancy firm is a business of one or more consultants who are experts in providing professional feedback to an individual or an organization for a fee. The types of firms vary, such as technology and advertising firms.

Consultancy firms target company executives and provide them with consultants, also known as industry-specific specialists and subject-matter experts, usually trained in management or business schools.

The consulting firms are complementing the strategic deliverables by providing the means to implement the recommendations, either with the consultants themselves or by providing technicians and/or experts. This has opened up new markets for these companies called outsourcing.

Given the preceding, we are delighted to present you passcon GmbH.

passcon is a dynamic consulting firm specializing in financial services with a distinctive focus on implementation. With their Global Operations Hub, the firm offers next to traditional consulting services, a wide range of operational services as KYC, back office and IT support.

The company was founded in 2016 and is headquartered in Hamburg, DE. It has additional branches located in Frankfurt, Berlin, New York City, Singapore, Vienna, Krakow, Copenhagen, London, Zurich, and Jacksonville.

In Conversation with Corinna Reibchen, passcon GmbH Founder and Managing Director

Q. What is the reason behind the genesis of passcon? How did you expand your company and its offerings over the years?

passcon started with one consulting project in the field of anti-financial-crime in Denmark. Due to the project's success, the firm got recommended to other clients and established an excellent reputation. The combination of passcon's standing and the high demand of anti-financial-crime experts to that time resulted in more and more project requests. With every new and bigger project that came along we started to raise the number of team members, and today we are a team of 130 people.

Q. ‘A well-defined mission and vision is the secret behind the success of many firms.’ What is your company's M&V statement?

Our mission is to become the leading consultancy firm in the field of anti-financial-crime, to offer clients onsite and offsite solutions irrespectively of time and space and too keep at the same time our startup spirit and flexible way of working.

Q. How successful was your first project roll on? Can you please share the experience with us?

The first project was executed only by me and my first working student as support. At that time it was easier to keep the overview, but with every new project and bigger teams, new challenges arise which we had to overcome.

We believe that every project has its learnings and by dealing with it in-depth, we became better and better. But still: Every project is different and the best thing you can do as a company to learn and grow is to face the learnings, to write them down as a team and make it better the next time.

Q. What are your company’s core values and how are they helping you to succeed?

  • Trust: We are working most of the time remotely and all over the world. Therefore, trust needs to be the base for our work.
  • Integrity: We share the same values and these values should be reflected in our daily actions and with each other. Thus, people like to work for passcon, become intrinsically motivated and succeed as a team
  • Innovation: We support innovative ideas without borders. No matter if you are a working student or the top manager – if you want to bring in your ideas, we will support it. This is how we are constantly creative and always one step ahead.
  • Agility: Being with the time means being able to adapt constantly. Thanks to our agile structures and mindset, changes can be made overnight without any big issues.

Q. “Earning trust and respect of consumers is through consistent focus on delivering high quality in all of our actions.” How do you interpret this statement?

Clients need to rely on us. When a client is hiring us for his project, it is important that he can rely on our service and that we'll keep what we have promised. We don’t end a project if we have not reached our goal.

Q. Fostering a culture of feedback is crucial to the success of every organization. How is this true with your company?

Absolutely! Constructive feedback is the basis for further development, improvement and success. We, therefore, have implemented regular 360-degree feedback and active mentoring.

Q. How do you stay relevant to the consumer interests and needs in this highly volatile market?

We listen to our consultants who are onsite with the client day by day. They see potentials and current needs for our clients very early and we as a dynamic company are able to respond immediately.

Q. What are the factors that make your company stand out from the competition?

Agility! We are fast to implement solutions for our clients as well as constantly developing to offer our clients the newest solutions.

Q. Where do you see your company a couple of years from now?

We focus on further international expansion and growth while maintaining our agile and innovative way of working as well as our startup mindset.

The Stalwart Behind Passcon’s Rise

Corinna Reibchen, founder, serves as the Managing Director of passcon Gmbh. She has an overall experience of 20 years in the field of the financial service sector (Commerzbank, Sparkassengruppe) and in consulting (PwC, Capgemini Consulting). Her main areas of interest are regulatory and compliance – in particular, FATCA/CRS, BCBS 239, and AML which also includes risk management, distribution, cost-saving programs, strategy development, and project management.

Corinna Reibchen has successfully managed national and international banking projects for many years. Thereby, in recent years, she has been engaged in cross-functional IT projects. She also has various publications in prestigious banking magazines.

“We focus on further international expansion and growth while maintaining our agile and innovative way of working as well as our startup mindset.”