Deutsche Börse cuts 350 jobs to invest €270m in fintech
Interested in blockchain, big data, cloud computing, robotics and AI.
Germany
Fintech hub H:32 launches in Berlin
Innovation is addressed at Hardenbergstrasse 32.
Germany’s largest private and commercial bank launches
Merger of Postbank and Deutsche Bank’s private and commercial clients business has concluded.
Silicon Valley Bank comes to Germany
The new branch will be based in Frankfurt.
Commerzbank makes first major FX pilot transaction via blockchain
First deal involving a large German corporate.
Commerzbank calls on R3 Corda blockchain for trade finance thrust
A boost for trade and supply chain finance services.
Deutsche Bank buys Indian start-up Quantiguous Solutions
Wants to accelerate its open banking strategy.
Deutsche Börse and friends unveil fintech acceleration platform
Working with Clearstream, figo and regtech start-up Finologee.
Top fintech stories this week – 11 May 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Savedroid ICO scam joke backfires
Few sensed the sense of humour.
DVAG and FinLeap in dynamic Germanic digital duet
Advisor and builder form Deutsche Fintech Solutions.
Mambu unleashes digital marketplace
Offering cloud-enabled apps, products and tools.
Deutsche Börse and HQLAx to build securities lending solution on R3 Corda blockchain
They seek to improve collateral management of high quality liquid assets.
Commerzbank digs digitally deeper for corporate clients
First bank in Germany to offer its corporate clients a fully digitised advisory process.
Moneyou’s Tikkie app comes to Germany
The app and its tech were jointly developed with the Munich-based FinTecSystems.
solarisBank in €56.6 million funding round
BBVA, Visa and ABN Amro are among the new investors in solarisBank.
Degussa Bank finds its Germanic match with API start-up Giromatch
Team up to launch pilot project offering virtual Visa credit card for shopping with Amazon Business.
Infinitec unleashes digital finance solution for German SMEs
A Software-as-a-Service solution for integrated finance management.
Wirecard brings digital touch to ReiseBank’s bankomo app
Expanding collaboration by enabling users to top up smartphone account without minimum purchase requirement.
SOKA-BAU in front-to-back office tech overhaul with Simcorp
German pension fund will implement the Simcorp Dimension platform.
Infographic: bank and fintech collaboration in Germany
The latest developments in collaboration between banks and fintechs in Gremany.
Deutsche Bank’s multibanking service goes live
One login to rule them all – for transferring money from all aggregated accounts.
Deutsche Bank waltzes into open source space
“Waltz” solution allows organisations to gather information from multiple sources.
Bitbond and 1741 Fund Management launch alternative investment fund
Institutional investors will have access to SME loans originated through Bitbond’s lending platform.
BNI Europa makes €50m Funding Circle in Germany
BNI Europa reckons investment will provide access to finance for around 600 companies.
Figo releases RegShield for PSD2 field
German banking service provider launches its new “Licence-as-a-Service” solution.
Linxo links up with Raisin to save Europe
A Franco-German alliance targets the European savings sector.
AI firm Savedroid launches ICO
German AI savings technology firm looks to raise capital – both crypto and conventional.
Microsoft and Commerzbank head into #openspace for German SMEs
Microsoft experts will get involved in the various #openspace formats for the development of new business models.
Penta’s on for business bank accounts in Germany
Berlin-based challenger bank Penta has officially launched its business bank account offering in Germany.
ABN Amro’s Prospery supported by Five Degrees’ tech
EXCLUSIVE: ABN Amro’s new wealth management proposition, Prospery, has implemented Five Degrees’ Matrix solution.
Infographic: insurtech job market
Meta search engine Joblift analysed the UK’s insurtech job market, comparing it to both the traditional insurance industry, and the insurtech market in the UK’s major competitor Germany.
Prosper with ABN Amro’s Prospery wealth manager
ABN Amro has unleashed Prospery, its online wealth manager offering digital asset management combined with personal coaching by experts.
Fidor and Eight Inc partner to create digital finance marketplace
Fidor, a provider of digital banking solutions, has signed a partnership with Eight Inc, a “strategic design and innovation firm”, to launch Fidor Market, its digital marketplace.
Deutsche Bank jumps on IBM Watson for Germanic AI ambitions
Wunderbar! Deutsche Bank has completed internal proofs of concepts (PoCs) with IBM for the deployment of an artificial intelligence (AI) powered Watson cognitive system in the German language. The system will be used in the bank’s Artificial Intelligence Client Communication Centre (AI-C³), and Deutsche Bank says it will use Watson for the development of a […]
ING goes manic for Scalable wealth management dynamic
ING will start a partnership with online wealth manager Scalable Capital as the bank plans a digital investment solution for its retail customers in Germany. Customers of ING in Germany will be able to register in less than 15 minutes through a paperless process. With a minimum investment of €10,000 they can monitor their portfolios […]
SolarisBank selects SIA to launch contactless payment cards in Germany
Banking platform SolarisBank has chosen Italy-based SIA to support the launch of new contactless debit cards and to contribute to the development of electronic payment solutions in Germany. SIA’s technology platform will manage the processing of transactions made using payment cards issued by the bank for its clients. The infrastructure, supporting the launch of new […]
Atom Bank breaks into German retail savings market
UK challenger bank Atom has been granted permission to offer retail deposits in Germany via a partnership with Deposit Solutions. Atom says customers in the country will get access to a range of fixed term products and so it will be able to “gather deposit funding from Europe’s largest savings market onto its balance sheet, […]
Perseus start-up seeks to shield German SMEs from cyber threats
Berlin-based cybersecurity start-up Perseus is seeking to become a legend for the country’s SME market with a “one-stop solution”. According to fintech incubator FinLeap, which is behind the venture, more than 70% of German companies were affected by cybercrime activities within the last two years, but only one out of ten SMEs holds an insurance […]
Europe’s pan-industry e-identity platform preps for launch
A joint European pan-industry platform for online registration, e-identity and data services is readying for launch at the turn of the year with new partners on board. As reported in May, Deutsche Bank and a variety of German and European companies teamed up for the plan to “make online registration simpler and more secure for […]
