The company was founded in 1924 under the name of Fiducia Accounting and Auditing Institute AG in Karlsruhe. The name “Fiducia” is Latin, meaning trust, reliability and assurance. In 1958 Fiducia came to the supervised banks with the idea of a merger into a reservation community. Fiducia took over the organization as a new business. During the following years, mainly punched cards were used. Over the course of the 1960s, a gradual transition took place to other media, such as journal strips, magnetic tapes and magnetic disks.
