Announcement: New Paycer Banking Advisor Hermann Neunaber

Paycer Protocol
2 min readSep 27, 2021

Since Paycer will combine traditional financial services with decentralized finance, there is a need for authority permissions and licenses. To achieve this Paycer is already working with a very good law firm for blockchain and financial law that is well connected with BaFin (German Financial Supervisory Authority). To utilize further expertise we were looking for a suitable banking advisor for Paycer. With Hermann Neunaber we were able to win a very experienced advisor for Paycer, who generates a clear added value for Paycer in terms of banking and regulation. But enough about Paycer, let’s learn a little more about Hermann Neunaber.

Hermann holds an academic degree in Business Administration and has been working in the baking sector for over 35 years! In addition, he was a board member and bank director in various banks for a full 26 years during this time. Thereby he was able to acquire considerable expertise in internal banking processes and cooperation with financial authorities and legislators such as BaFin. A special field of expertise is the loan granting business for which he was a dedicated board member for a long time. He also has a very large network within the banking industry which can be useful for Paycer.

One of the banks Hermann worked for was Raiffeisenbank Oldenburg, but in addition to his work on the executive board, he founded other companies of his own. Such as his own travel company that was successfully operated for many years. He also founded a consulting firm for executives and a company for real estate sales. In the past years he studied cryptocurrencies and blockchain technology from a banking perspective. He is very much looking forward to further deepening this knowledge by working with Paycer.

The whole Paycer team is excited to work with Hermann and is happy to have found such an experienced banking advisor. We are confident that through this collaboration we will be able to work on regulatory issues much quicker and with a faster learning curve.

Want to learn more? Visit our website to get “Early Access” for your token sale: www.paycer.io

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Paycer Protocol

Paycer is a bridge protocol that aggregates DeFi services cross-chain and combines them with traditional banking services.