Regulated blockchain bank modernizing legacy core systems
Bank Frick operates a regulated blockchain banking platform alongside traditional banking services, serving intermediaries and capital markets clients across three continents. The tech stack reveals a bank in mid-modernization: Java, Spring Boot, and Kubernetes sit alongside COBOL, signaling an active legacy-to-cloud migration. The hiring mix—senior-heavy engineering, compliance leadership, and minimal sales velocity—reflects a backend-first, risk-managed scaling model typical of regulated financial institutions navigating blockchain adoption.
Notable leadership hires: Head of Compliance
Bank Frick is a Liechtenstein-based bank founded in 1998, now operating as a public company with approximately 300 employees across offices in Balzers, London, and Dubai. The bank serves private clients, fund managers, and capital markets participants through three business lines: traditional banking, regulated blockchain banking (introduced in 2018 as the first such offering in Europe), and asset tokenization. It holds Visa and Mastercard acquiring licenses—the only Liechtenstein bank with both—and maintains ISO 27001 certification. The core platform runs on Java, Spring Boot, and Kubernetes, with ongoing rebuilds and compliance system development forming the bulk of current engineering work.
Java, Spring Boot, Quarkus, React, TypeScript, Kubernetes, Docker, Azure, GitLab CI/CD, SQL, Elasticsearch, Kibana, Prometheus, and legacy COBOL for heritage systems.
Core banking system rebuild, COBOL-to-Java migration, compliance and governance system development, AML/CFT optimization, and improvements to due diligence and risk reporting processes.
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