Building a New Business in a New Market
When global banking giant Deutsche Bank set out to build the ﬁrst residential mortgage bank in Colombia, they hired Control Group to assist in the selection and implementation of the core business applications and to design the necessary infrastructure to build their new business.
With our deep experience in US mortgage banking operations and loan origination and servicing systems, we headed to Bogota. Through detailed business analysis, implementation and user acceptance processes we helped Deutsche Bank import US based systems into new markets ensuring they were properly adapted to the local realities.
Our work helped define a first-of-its-kind platform in Colombia, providing the foundation for Deutsche Bank to build and grow their new business venture. By treating this project like a lean startup, we got Deutsche Bank to market quickly and effciently, providing them with a ﬁrst mover advantage in a brand new market.