A decade of Maxcode in a nutshell
The history of Maxcode begins in 2005, the year banks changed the financial paradigm in The Netherlands. The three large Dutch banks ING, Rabobank and ABN AMRO, had made up their mind to create a disruptive payment scheme that could involve all entities in the retail chain and could be implemented by all banks.
Until then, Dutch banks had each designed their own online payment system. It was clear there was a need for a payment scheme that allowed for interbank transfers. This insight, combined with the experience that cooperating instead of competing would benefit all banks, resulted in an interbank payment scheme, currently known as iDEAL. Maxcode was founded by consultants involved in defining iDEAL.
The pioneer years & important milestones
Maxcode started as a typical near shoring IT services provider, meaning sales, project management and design were handled in The Netherlands while young IT professionals developed in Iasi, Romania. The following years, the company became an internationally-oriented organisation and a reliable business partner as a result of extensive IT expertise and years of experience. We provide software development for web and mobile, but also offer scalable architecture using cloud services and incorporating complex business processes.
Throughout its history, Maxcode has expanded its offerings and capitalized on evolving management trends and technologies to benefit its clients. Initially specialized only on the payments niche, Maxcode started developing solutions for healthcare (transactions of patient data) and logistics as well. Now, with fintech and digital identity added to the equation, Maxcode is refocusing on its core-business being a provider of online payments and digital identity software again.
Over the years, the company grew in numbers (currently employing more than 65 highly qualified professionals), but also went through some organisational changes – changes that shaped its future. 2012 was a year of great challenge, but also a year of great energy and fulfilment. Management for the Romania-based team has changed, but with this change came greater opportunities. Teams have ‘gained their independence’, local management had more freedom in the decision-making process and Maxcode became an even more interesting place to work for.
Within Maxcode, management aims to create an environment in which everybody takes responsibility for the success of the projects they are working on. In order to achieve this, the company works with dedicated client-focused teams and approaches projects using scrum, an agile methodology.
Implementing scrum within the company went rather smooth, starting initially with one big project. Apart from the clear advantages of using an agile methodology instead of traditional approaches, it was obvious that the team had more fun working on projects using scrum. The scrum adventure took off when management and employees joined hands and put together a product backlog in order to implement scrum in Maxcode. Above all, the energy in the room was far more important than any result and everyone in the company had taken a great commitment to make things work.
Maxcode constantly improves customer experience. After Scrum, other great initiatives have followed. Inspired by leaders such as Ricardo Semler (people accountability and transparency), Steve Denning (who militates for changing the focus from shareholder’s value to value for customers and employees) and Frederic Laloux (whose main values include self-management, wholeness and evolutionary purpose), Maxcode is constantly reinventing and is currently a company that focuses on its employees, allowing them to self-manage and take responsibility for their actions.