Firstwaters Consulting: About us


News & Expertise

Firstwaters strengthens its management team

08.2020 | News

Swati Buderbach was appointed as a further managing director of Firstwaters GmbH with effect from 01.08.2020. With her appointment, the management of Firstwaters will be further strengthened. Swati Buderbach started at Firstwaters in September 2009 and has passed through all career stages within the company during her professional career. In the future, she will be responsible for business development at Firstwaters. With this decision, Firstwaters is setting another milestone in the planning and implementation of a long and successful future. The entire company congratulates Swati on this step and looks forward to working with her to shape and expand Firstwaters' consulting business.


Firstwaters celebrates its 20th anniversary

07.2020 | News

As of today, Firstwaters looks back on 20 years of successful company history. Since its foundation in 2000, Firstwaters has developed into a leading and innovative medium-sized consulting firm for clients in the financial services industry with more than 50 employees. Our consulting focus lies in the areas of Capital Markets, Treasury, Corporate Banking and Risk & Regulation with a strong implementation focus. We support our customers from the project idea to the successful implementation of new processes and systems. Then as now, our consultants are characterized by a high level of competence and many years of experience in the banking and consulting industry. With innovative concepts and creative approaches, our teams lead our customers' projects to success. Our work has constantly changed due to new professional challenges, new technologies and procedural models. But still, in our company and in our work, every single employee as a human being is the focus of our attention. In the coming years, we will continue to successfully advise our clients in a constantly changing world and together we will help shape the changes in the financial sector.

Firstwaters supports second client in Calypso Release Upgrade to R16

06.2020 | News

Another customer wants to upgrade the Calypso installation to a new release. The Calypso release upgrade from version 12 to version 16.1 requires extensive technical and functional adjustments and can therefore not be considered a "like to like" upgrade. Firstwaters takes over the planning and implementation in an agile working environment with a team of business analysts and developers. Our many years of Calypso expertise as well as the successful R16 upgrade at a further client make us a strong partner.

Firstwaters successfully supports client in the digitalization of the change management process

05.2020 | News-Typ News

An international financial services provider has digitalized its group-wide change management by setting up a central IT platform with standardized roles, processes and quality gates. This has resulted in considerable time savings in the approval of change applications within the group. Firstwaters contributed significantly to the successful completion of the project by taking over the business analysis.

Firstwaters supports clients with their projects even in times of crisis

04.2020 | News

Despite the Corona Pandemic and the associated social distancing, we have been able to maintain and further advance important projects together with our customers in recent weeks. We would like to thank our customers for the high flexibility in setting up remote access and digital workstations via home office regulations as well as for the close communication and cooperative partnership. We wish everyone good health!

Firstwaters supports migration of a front office platform into the cloud

03.2020 | News

A financial service provider migrates its front office platform from its own hardware to a public cloud. Planned benefits include better and demand-oriented scalability of the computing power in the EOM process as well as an overall higher reliability and cheaper maintenance of the platform. Firstwaters supports with the implementation of the proof of concept, the selection of service providers and technologies and the migration of the platform.


Firstwaters on the road - Teambuilding in the the frozen north of Swedish Lapland

03.2020 | News

This year's team event took place in Swedish Lapland about 1,500 kilometres north of Stockholm. With 45 colleagues we were able to explore the unspoilted Arctic landscape on snowmobiles, experience the rare northern lights, stay overnight in the world-famous ice hotel and last but not least exchange news within the company. An unforgettable start into the year 2020!

Firstwaters would like to thank its customers, employees and business partners for their cooperation in 2019 and wishes everyone a Merry Christmas!

12.2019 | News

In our world, which is dominated by numbers and technology, you quickly lose sight of what really matters in business life. Appreciation and trust are the most important foundations for mutual success. We would like to thank our customers, employees and business partners for the good and pleasant cooperation in the past year. We wish you a peaceful, reflective Christmas and a healthy, happy New Year 2020.

Firstwaters compensates CO₂ burden and travels climate neutral in 2019

12.2019 | News

Our consulting business is inevitably associated with many business trips. By a donation at atmosfair ( Firstwaters would like to compensate the CO₂ load produced thereby. Atmosfair uses the donation in order to develop renewable energies, particularly in developing countries. Thus atmosfair saves CO₂ emissions, which would be caused otherwise in these countries by using fossil energies. At the same time the local people benefit, as they often get access to clean and permanently available energy for the first time.

Firstwaters successfully supports the redesign of the hedge management and accounting

10.2019 | News

A client has redesigned its hedge management and accounting processes as well as the underlying technical solution. In the first phase the existing micro hedge accounting was migrated like-for-like to the ALM system "Ambit Focus" and in a second phase expanded by the implmentation of the portfolio and macro hedge. Firstwaters contributed significantly to the successful go-live of the project by taking over the project management, the business analysis and the IT implementation.

Firstwaters hosted the 6th German speaking Calypso User Conference

10.2019 | News

On 18.09. and 19.09.2019 the 6th German speaking Calypso User Conference took place in Frankfurt. Besides the exchange on current Calypso topics, there were presentations on the use of agile project methods in the introduction of new IT systems, the use of Robotic Process Automation (RPA), the current possibilities in test automation, best practice approaches in the implementation of complex transformation projects and the status quo of the IBOR-Reform. We would like to thank all speakers and participants for the interesting discussions and the productive exchange.

Firstwaters supports release upgrade of Calypso to V16

10.2019 | News

One of our customer has carried out a release upgrade of Calypso from V14.2 to V16.1. With the management of the IT implementation and the appointment of several developers, Firstwaters was able to make a decisive contribution to the successful launch of V16.1.

Firstwaters supports release upgrade of the used settlement system for securities

09.2019 | News

A German bank wants to implement a release upgrade of the used settlement system for securities (BSP Trade from vendor Temenos). In addition to the project lead, Firstwaters assists with a test manager and test analyst. The key factor for the commission is our long term experience with various settlement systems for different asset classes.

Firstwaters migrates new asset class to Calypso

08.2019 | News

To replace a legacy system, a german Landesbank would like to migrate its back-office functionalities for "FX Options" to Calypso. Firstwaters assists with technical and business analysts during the implementation of the project. Crucial for the commissioning is the long-term calypso expertise of Firstwaters!


Assessment Center

08.2019 | News

We are again looking for a Team of young professionals in August, with whom we are planning a training session fairly soon to support our project teams in November.

Firstwaters supports successful implementation of a new IRRBB solution

07.2019 | News

In accordance with the EBA Guideline (EBA / GL / 2018/02), the periodic interest rate risk measurement has to be extended by valuation effects. Firstwaters supports the German Landesbank in implementing the new requirements based on the standard software Ambit Focus. In addition to the project lead Firstwaters was active with functional business analysts.

Firstwaters wins consulting mandate on an international stock exchange

07.2019 | News

An international stock exchange wants to expand the existing MiFID II and EMIR Reporting Services for its customers. Firstwaters assists with a team of professional business analysts in expanding the underlying IT system. Decisive for the contract is the long-term business relationship with the international stock exchange.

FIS Conference in Frankfurt

07.2019 | News

Our colleagues visited the annual FIS event to learn about Quantum and Ambit's latest developments and trends and to interact with our customers.

J.P Morgan Challenge Run

06.2019 | News

One Team One Goal! Together a goal! As every year, a Firstwaters team participated in the J.P. Morgan Challenge Run in Frankfurt. With perfect weather conditions we had a great time!

Calypso Client Conference in Paris

06.2019 | News

Visit of the annual Calypso Client Conference in Paris by our colleagues to find out about the latest development and trends and to interact with our customers.

Training/ education

06.2019 | News

Congratulations to our colleagues who gained the ISTQB-Certification.

Firstwaters supports Murex Release change

06.2019 | News

We have coordinated the test management for a German State Bank for the coming up release change of the Murex-Installation. The decision in favor for Firstwaters to be assigned was the long-term experience of Firstwaters regarding planning and executing of test propositions.

German-Speaking Calypso User Conference 2019

06.2019 | News

We happy to announce the we are hosting this year’s German-Speaking Calypso User Conference 2019! Veranstaltungsort ist das Radisson Blu in Frankfurt und wir sind gespannt auf einen regen Austausch zu den aktuellen Calypso Themen mit unseren Kunden.

Training/ education

05.2019 | News

Congratulations to our colleagues who have successfully passed the Scrum Master certification.

Firstwaters a gained a new customer to implement Quantum

05.2019 | News

We are pleased to announce that we will support the implementation of the standard software Quantum at one of our Austrian customers and to integrate it into their system landscape as front-to-back system.

Firstwaters has successfully second the Go-Live at an Austrian Federal State Bank

05.2019 | News

The integration of existing Micro-Hedges and Portfolio-Hedges into the Software Ambit Focus which is already used in the ALM segment, has been successfully completed.

Teambuilding in Lapland

04.2019 | News

The dice is cast for our next team building event: We are going to the icy north and having our Team event in Lapland.

Training/ education

04.2019 | News

Congratulations to our colleagues who have successfully completed the PRINCE2 Agile Practitioner training.

Firstwaters wins consultancy mandate with an international company

04.2019 | News

An international service provider based in Brussel has agreed to a long-term commitment of their IT-Development with an IT-Team of Firstwaters. The company is specialized in collecting, processing and providing of court decision about IP-litigation.

Firstwaters supports release change in the securities settlement department

04.2019 | News

A major German Bank based in Frankfurt has authorized Firstwaters to take over the project lead for their change release of the securities settlement software BSP. The project contains not only the actual release change, it also includes the revision and the optimization of the historization, the interface connections and the reporting.

Spring Conference 2019

03.2019 | News

Our semi-annual Firstwaters Conference took place in Aschaffenburg with lively exchange and information all around our projects.

New Consulting mandate regarding a transformation

03.2019 | News

A German Bank based in Hamburg is using our consulting experience to set up their transformation intentions. The goal is to implement a 1-System-Stratregy in the treasury department.

Finastra Universe 2019

02.2019 | News

Our colleagues participated at the annual Finastra Universe 2019S to find out about the latest developments in the sector of technologies in banks.

Ski Event Kronplatz

02.2019 | News

We had amazing weather, perfect slope conditions and a fantastic team spirit in South Tyrol.

New Calypso consulting mandate with a new customer

02.2019 | News

An international Bank with a branch in Frankfurt has authorized Firstwaters to implement a new risk analysis in Calypso. The goal is to optimize the equity capital requirements according to Basel 3 for the interest rate risk in the trading book with a 'Risk weighed approach'

Successful Go-Live Calypso Upgrade

02.2019 | News

With the support of our consultants a major German reinsurer has successfully launched its Calypso Release Upgrade to v15 in production.

IBOR Reform: Transformation of financial markets

01.2019 | Expertise

Firstwaters has a new customer:

01.2019 | News

A central bank based in Frankfurt has authorized Firstwaters to revise the XBRL Taxonomy of the risk-bearing capacity report regarding to definition, implementation and testing.