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Newsletter, 13 December – 19 December 2014

Veröffentlicht von michael reinicke

7 Facts about the record ~$175 M fintech funding in Germany / D.A.CH in 2014

This was a landmark year for fintech, and for us here at FinTech Forum- see the highlights – thanks to all those who joined the FinTech Forum community through our events, newsletters, Q&As and studies. We will be back in the 2nd week of January after a short break.

The FinTech Forum team wishes a happy holiday season, and an even more successful 2015: to the startups, investors, financial institutions and tech firms creating the future of financial services!

Here are the seven takeaways from our analysis of the fintech funding in the region:

  1. Twenty-four fintech startups in Germany, Austria & Switzerland raised more than $175 mn in funding in 2014 (see chart below)
  2. 2014 funding volumes were nearly thrice the funding in the last three years (2011-2013) combined, as per our estimates
  3. The D.A.CH region accounted for ~1/6th of the estimated total fintech funding in Europe (~$1 bn) in 2014: second only to the UK (~$539 mn)
  4. The funding growth was led by lending and payments  startups, that accounted for nearly 4/5ths of the total, with Kreditech’s $40 million Series B round the largest ever for a German fintech firm, and one of the largest rounds in Germany in 2014.
  5. Media and publishing houses seemed be far more progressive than banks or VCs when it came to “walking the fintech talk”: DvH Ventures (belonging to the owners of Handelsblatt) was the most active investor (Compeon, moneymeets, passt24, Savedo, wikifolio), Seven Ventures was behind some interesting deals with numbrs, Cashboard and ayondo.
  6. Nearly 1/3rd of the funding rounds were led by foreign investors like Värde Partners, Horizon Ventures, Access Industries
  7. Nearly half of the funding rounds were led by fintech-specialist investors like like DvH Ventures, FinLeap, main incubator, Life.SREDA, Orange Growth Capital, SBT Venture Capital and Route 66 Ventures.

2014 FinTech Funding_Germany-Austria-Switzerland

Swiss mobile payments startup Cashcloud gets „multi-million Swiss Francs“ in funding.

Mit Cashcloud können Nutzer mobil bezahlen oder sich Deals auf ihr Handy schicken lassen. Dafür erhält das Basler Startup mehrere Millionen Schweizer Franken.

http://www.gruenderszene.de/allgemein/cashcloud-millionenfinanzierung

[Congratulations and best of luck to CashCloud, a FinTech Forum alumnus that presented at our 2nd event in May 2014. Read our 7 Questions with Sven Donhuysen, CEO of CashCloud]

DSV Group (Deutscher Sparkassenverlag) acquires shares in PAYONE

Spannender Zukauf: Die Sparkassen-Finanzgruppe steigt bei Payone, ein Unternehmen, das mittels SaaS-Lösung Zahlungen für Shops abwickelt, ein. Der Deutsche Sparkassenverlag (DSV) hält nun 80 % am Unternehmen, das 2003 an den Start ging und zu den größten Zahlungsdienstleister am Markt gehört.

http://www.deutsche-startups.de/2014/12/17/sparkasse-payone/

Commerzbank’s main incubator invests in document software startup Gini

Serie-A-Finanzierung für die Dokumenten-Software von Gini: Das Münchner Startup bekommt Kapital vom Main Incubator und Altinvestoren wie T-Venture oder Check24.

http://www.gruenderszene.de/allgemein/gini-finanzierung-main-incubator

ayondo announces media partnership with SevenVentures

ayondo holding AG enters a marketing co-operation with Seven Ventures, the venture arm of the ProSiebenSat.1 Group. The ayondo group intends to significantly expand in its core market of Germany.

http://www.pressebox.de/pressemitteilung/ayondo-gmbh/ayondo-schliesst-Mediapartnerschaft-mit-SevenVentures/boxid/719467

Ergo Insurance collaborates with Axel Springer Plug and Play Accelerator to work with startups.

Auch das Versicherungsunternehmen brennt für Start-ups. Der Konzern arbeit dabei mit dem Axel Springer Plug and Play Accelerator zusammen. Zwei Mitarbeiter von Ergo sitzen nun gemeinsam mit diesen Start-ups im Accelerator in Berlin-Kreuzberg – an vier Tagen in der Woche.

http://www.deutsche-startups.de/2014/12/05/springer-ergo-startups/

SwissMetrics launches its big data metrics to monitor company credit risk

SwissMetrics GmbH, a FinTech start-up from Switzerland, is launching its introductory access to its secure SaaS platform. Users will now be able to utilise the power of big data and harness the strength of team collaboration in their daily credit risk monitoring.

http://www.startupticker.ch/en/news/december-2014/swissmetrics-launches-its-big-data-metrics-to-monitor-company-credit-risk#.VJR2qV4AA

Mit savedo kann jederman Geld im Ausland anlegen

Das junge Unternehmen savedo positioniert sich als „unabhängiger Marktplatz für die besten Festgeldanlagen“ im boommenden FinTech-Segment.

http://www.deutsche-startups.de/2014/12/15/savedo-geld-im-ausland-anlegen/

Cringle kooperiert mit DKB

Die App von Cringle möchte P2P-Zahlungen ermöglichen. Jetzt kooperiert das Berliner Unternehmen mit der Deutschen Kreditbank (DKB).

http://www.deutsche-startups.de/2014/12/15/heisse-neuigkeiten-bei-blinkist-cringle-mylorry-und-co/

Online shoppen, später im Handel bar bezahlen

Neuer Service für Online-Shopper: Künftig können sie ihre Web-Einkäufe auch bar im Handel bezahlen. Möglich macht dies eine neue Kooperation von Barzahlen.de mit Paymorrow…

http://www.internetworld.de/e-commerce/payment/online-shoppen-bar-bezahlen-867123.html

Bitcoin is the worst investment of 2014

There was plenty of ugliness to be found in the markets this year….but none of these investments has been as atrociously awful as bitcoin. Year-to-date bitcoin is down roughly 52% at last glance.

http://qz.com/312598/bitcoin-is-the-worst-investment-of-2014/

Fintechs Laterpay, Payfriendz, vaamo unter deutsche-startups‘ Start-up des Jahres 2014

Nach dem Nominierungsaufruf für das Start-up des Jahres folgt nun die Bekanntgabe der Nominierungsliste. In diesem Jahr sind zwölf Start-ups nominiert. Und zwar: bauduu, Edition F, flowkey, Homee, Klara, Laterpay, Lesara, Payfriendz, trbo, tripRebel, vaamo und Zenmate.

http://www.deutsche-startups.de/2014/12/15/startup-des-jahres-2014-abstimmung/

Wirecard unterstützt das indonesische Nahverkehrsnetz TransJakarta

Wirecard unterstützt über ihre indonesische Tochterfirma PT Prima Vista Solusi das Nahverkehrsnetz von Jakarta, TransJakarta Busway, mit innovativen Point-of-Sale (POS) Terminals. Passagiere bezahlen ihr Ticket ab sofort über eine kontaktlose Karte oder wahlweise ein NFC-fähiges Mobiltelefon.

http://www.wirecard.de/newsroom/pressemeldungen/newsdetail/wirecard-unterstuetzt-das-indonesische-nahverkehrsnetz-transjakarta/

Auf diese Start-ups setzt die Berliner HitFox-Gruppe

Die HitFox-Gruppe, die gerade den FinTech­-Inkubator FinLeap startete, schart mittlerweile zahlreiche Start-ups um sich. Wir stellen alle, bisher bekannten Hitfox bzw. FinLeap-Start-ups an dieser Stelle noch einmal gebündelt vor. Schwerpunkt der Gruppe bilden dabei neben FinTech weiter AdTech und Big Data.

http://www.deutsche-startups.de/2014/12/17/hitfox-alle-startups/

Banking API Standardization Considered By UK Treasury

U.K. banking is soon to feel the brunt of API disruption with moves by the Treasury Department to commence an agenda that will create standardized APIs for the industry.

http://www.programmableweb.com/news/banking-api-standardization-considered-uk-treasury/2014/12/09

Newsletter, 06 December – 12 December 2014

Veröffentlicht von michael reinicke

Wirecard acquires GFG Group Limited, New Zealand

…Die 1990 gegründete GFG Group ist ein führender Anbieter von innovativen Payment Lösungen und Dienstleistungen.  Die Lösungen der GFG sind derzeit in mehr als 20 Ländern bei über 100  Geschäftskunden, insbesondere aus dem Banken- und Telekommunikationsbereich, im Einsatz.

http://www.wirecard.de/newsroom/pressemeldungen/newsdetail/wirecard-ag-uebernimmt-gfg-group-limited-neuseeland/

SIX Group mulls fintech incubator

Swiss exchange operator SIX Group is mulling the creation of an incubator to collaborate with technology start-ups, having already set up a new internal innovation programme this year.

http://www.efinancialnews.com/story/2014-12-12/six-group-ramps-up-its-fintech-innovation-efforts

Innotribe opens applications for 2015 Startup Challenge

Innotribe, SWIFT’s fintech innovation initiative, announces its 2015 Startup Challenge, introducing the world’s brightest startups to highly qualified financial service experts, angel investors, venture capitalists, and global leading fintech and financial decision makers.

http://www.finextra.com/News/Announcement.aspx?pressreleaseid=57996

[Apply here by 22nd Feb. 2015 or contact us. FinTech Forum is a partner of the Innotribe Startup Challenge. Bitbond, moneymeets, Lendstar and Mambu were among the startups from the FTF community selected for the 2014 Challenge.]

7 Questions with Andreas & Philipp of Decimo

1. Who are you? We are Andreas Dubrow and Philipp Kalwies founders of Decimo GmbH, the first factoring service especially for freelancers…

http://www.fintechforum.de/7-questions-andreas-dubrow-philipp-kalwies-founders-ceos-decimo-gmbh/

Swiss private bank Julius Bär wants to invest in fintech disruptors: Gulf Business.

Seit langem eilt der Bank Julius Bär der Ruf voraus, in der IT eher rückständig zu sein. Das soll sich ab nächstem Jahr ändern, sagt CEO Boris Collardi. Er prüft sogar den Kauf von innovativen Fintech-Jungunternehmen.

http://www.finews.ch/news/banken/16946-julius-baer-start-up-boris-collardi-fintech-innovation-it-informatik-disruptive-technology-indien-merrill-lynch-akquisition-silicon-valley

Kreditech, SumUp among the “50 Best Fintech Innovators in 2014”

Germany’s Kreditech and SumUp are on the The 50 Best Fintech Innovators report is a collaborative effort between AWI, KPMG Australia and the Financial Services Council (FSC). The report provides an analysis of the rapidly evolving fintech industry worldwide and identifies the global ‘50 Best’ performers.

http://fintechinnovators.com/

Swiss bank BKLB launches first crowdfunding marketplace.

Als erste Schweizer Bank lanciert die Basellandschaftliche Kantonalbank (BLKB) einen eigenen Crowdfunding-Marktplatz. Technischer Partner ist Swisscom, welche die Plattform entwickelt hat und der BLKB einen Marktplatz zur Verfügung stellt.

http://www.blkb.ch/index/ueber-uns/uu-medien/uu-aktuelle-medienmitteilung.htm

Bitupcard Program Enables Customers to Buy Bitcoin in Turkish Retail Stores

Berlin-based MK Payment and Dutch bit4coin partner up to bring Bitcoin to the masses, as the two companies launch eVoucher program Bitupcard to enable locals to purchase Bitcoin at retail stores in Turkey.

http://cointelegraph.com/news/113042/bitupcard-program-enables-customers-to-buy-bitcoin-in-turkish-retail-stores

Parallel zu Mobile Payment: Payback testet Beacon-Technologie

…Das Münchner Unternehmen will die auf Bluetooth Low Energy (BLE) basierende Beacon-Technologie in die eigene Bonus-App integrieren.

http://locationinsider.de/parallel-zu-mobile-payment-payback-testet-beacon-technologie/

Das Kreditvergleichsportal smava erweitert mit „Score Kompass“ seinen Service um kostenlose Bonitätsprüfung

…Mit dem kostenfreien Service „Score Kompass“ können Verbraucher jetzt bequem mit ihrem PC, Tablet oder Mobiltelefon ihre persönliche Bonität auf https://www.scorekompass.de abrufen.

http://www.finanznachrichten.de/nachrichten-2014-12/32251927-das-kreditvergleichsportal-smava-erweitert-mit-score-kompass-seinen-service-um-kostenlose-bonitaetspruefung-007.htm

Laterpay: „Der Markt für Paid Content entsteht gerade“

Ende November hat die „Hamburger Morgenpost“ Laterpay als Bezahlsystem für ihre Inhalte eingeführt.  Laterpay-Geschäftsführer Cosmin Ene über den Markt und die Herausforderung für die Verlage.

http://www.internetworld.de/technik/payment/markt-paid-content-entsteht-gerade-837446.html

Mambu CEO Eugene Danilkis Disrupts & Innovates P2P / Banking Tech: Focuses on Emerging Economies

Mambu, a cloud banking technology platform provider that works with more than 100 financial innovators worldwide, including Banco Macro, Opportunity International,  Mentors International, and Yale University, uniquely sits at the nexus of the transformation and financial inclusion markets…

http://www.crowdfundinsider.com/2014/12/58019-mambu-ceo-eugene-danilkis-disrupts-innovates-p2p-banking-tech-focuses-on-emerging-economies/

Yapital will Scan2Order nach Deutchland bringen und Loyalty Einführen

Der Bezahldienstleister Yapital richtet sich mit seinen Bezahllösungen nicht nur an große, sondern auch an kleine Händler oder etwa Handwerker.

http://locationinsider.de/interview-yapital-will-scan2order-nach-deutschland-bringen-und-loyalty-einfuehren/

Crossing-Tech Selects C24 Technologies to Provide an Advanced Intelligent Business Operations Solution for Banks and Financial Institutions

…Crossing-Tech will embed C24 Integration Objects (C24-iO) into Connectivity Factory™ enabling banks and financial firms to gain real-time business insight into activities such as fraud, regulatory compliance, financial transactions and governance.

http://www.businesswire.com/news/home/20141203005046/en/Crossing-Tech-Selects-C24-Technologies-Provide-Advanced-Intelligent%23.VIiX7GeExec

Für welche Gründer Frankfurt der bessere Standort ist

Gründungsinteressierten in Frankfurt kann man Mut machen sich für diesen Standort zu entscheiden. Wer gut vernetzt ist, und bei der Finanzierung als keine Unterstützung von einem Company-Builder benötigt, der wird auch Chancen auf Augenhöhe mit seinen Hauptstadtwettbewerbern haben.

http://www.deutsche-startups.de/2014/12/10/fuer-welche-gruender-frankfurt-der-bessere-standort-ist/

7 Questions with Andreas Dubrow & Philipp Kalwies, Founders / CEOs of Decimo GmbH

Veröffentlicht von admin@tochter

1.  Who are you?

We are Andreas Dubrow and Philipp Kalwies founders of Decimo GmbH the first factoring service especially for freelancers.

2.  Which services do you sell and who are your competitors?

Our service is factoring for freelancers. Until now it was very difficult for freelancers and small companies to use the tool of factoring for their business. We changed that and give all freelancers the opportunity to use factoring as a tool to simplify their business, enjoy a constant and reliable cash flow and benefit from the easiest and fastest way of financing.

Our competitors are the big banks that already offer factoring for bigger companies.

3.  How did you get your startup idea and how did you finance your startup?

The idea was born when we worked as regional managers for a promotion marketing company and heard many times the problem of delayed and unreliable payments to the freelancers. There was obviously a huge demand which nobody satisfied.

So the idea of a factoring service especially for freelancers was born.

We started with our own savings and are searching for investors now.

4.  What were the biggest challenges in starting?

Definitely getting the license from the banking authorities. This can take up to years and more and is a very difficult process.

5.  What areas within FinTech do you personally find most interesting and why?

Crowd Funding and digital payments. As they offer a great opportunity for new financial businesses and a great value for the customer.

6.  What opportunities do you see for FinTech startups in the DACH region, and how can we help to accelerate it?

The biggest opportunity in DACH is, that people are still used to the old banking system, that was established long before the internet and IT appeared. People are still used to the fact that payments need many hours sometimes even several days.

At the same time, there is a big demand for new services and solutions the old banking world doesn’t offer.

7. What tip would you like to give FinTech entrepreneurs?

Listen to your customers, they will tell you, what they need.

Newsletter, 29 November – 05 December 2014

Veröffentlicht von admin@tochter

HitFox Hatches FinLeap, A New Startup Factory Targeting Fintech

…Dubbed FinLeap, the German-styled ‘startup factory’ will be targeting fintech and plans to hatch 4-6 startups per year with a focus on “new technologies and scalable business models” that provide cheaper, simpler and more transparent digital services to both businesses and consumers.

http://techcrunch.com/2014/12/01/hitfox-hatches-finleap-a-new-startup-factory-targeting-fintech/

Wirecard Partners With Rocket Internet – Quick Facts

Wirecard AG (WRCDF.PK), a provider of outsourcing and white label solutions for electronic payment transactions, has finalised a cooperation agreement with Rocket Internet AG …The Wirecard Bank holds a full German banking licence, and their innovative banking services are also included within the scope of the agreement.

http://www.nasdaq.com/article/wirecard-partners-with-rocket-internet–quick-facts-20141203-00041#ixzz3LDUdW4xe

BeeOne (Erste Group) calls for FinTech hackathon in Vienna (9th-11th Dec.)

The objective is to build plug-ins for the new Internet Banking platform that will be realised very soon. The platform is built over an API that allows connections to third party solutions in a very short time. BeeOne is interested in solutions that add value in the fields of Customer Data, Customer analytics, SME solutions, payments, wealth and asset management…

http://www.meetup.com/FINTECH-HACKATHON-by-Pioneers-Discover/

Citi to launch global accelerator programme

Citi Ventures is partnering with Californian accelerator Plug and Play to launch a global fintech innovation programme, with locations in the US, Germany, Singapore, Brazil and Spain.

http://www.finextra.com/news/fullstory.aspx?newsitemid=26750

Orderbird im Interview – „Kopieren eines Produkts allein reicht für ein erfolgreiches Unternehmen nicht“

Die Gründer von orderbird, einem Anbieter für Kassensysteme in der Gastronomie, sprechen über Wachstumsfaktoren, Vermarktung von Offline-Produkten und erklären, wieso es ausgerechnet Gastronomie sein musste.

http://t3n.de/news/orderbird-interview-579606/

GiroMatch möchte besseres Banking anbieten

Schon vor dem Startschuss hinterlassen viele Start-ups, die demnächst an den Start gehen wollen, erste Lebenszeichen im Netz. Alle diese Jungfirmen sammelt deutsche-startups.de im Start-up-Radar. So auch GiroMatch, eine Online-Kredit-Plattform .

http://www.deutsche-startups.de/2014/12/04/giromatch-moechte-besseres-banking-anbieten/

Wirecard Group announced the acquisition of issuing and acquiring provider Amara Technology

Die Wirecard Gruppe übernimmt sämtliche Anteile an der Amara Technology Africa Proprietary Limited, mit Sitz in Kapstadt, Südafrika einschließlich einer Tochtergesellschaft. Amara und seine verbundenen Unternehmen bieten Acquiring- und Issuing-Processing Leistungen

http://www.wirecard.de/newsroom/pressemeldungen/newsdetail/markteintritt-in-suedafrika-uebernahme-der-amara-technology-africa/

FinTech weiter auf dem Vormarsch

Innovative FinTech Unternehmen sind weiter auf dem Vormarsch. Zahlreiche neue kundenorientierte Angebote sollten den etablierten Banken und Sparkassen Anlass zum Nachdenken über die eigene digitale Zukunft geben… Die Diskussion der Herbstveranstaltung [von FinTech Forum DACH] war mit der Fragestellung überschrieben „Google for Search, Amazon for Shopping, but for Banking?“.

http://www.der-bank-blog.de/fintech-weiter-auf-dem-vormarsch/retail-banking/15108/

Online-Markt für KfZ-Versicherungen boomt

Im Herbst wechseln Fahrzeughalter traditionell ihren Kfz-Versicherer. Immer wichtiger – auch für die Neuabschlüsse – wird dabei das Internet, das 73 Prozent der Verbraucher für die Recherche nutzen.

http://www.internetworld.de/e-commerce/zahlen-studien/online-markt-kfz-versicherungen-boomt-850899.html

Go4Venture: Correction in the European Venture market on the horizon

In its monthly European Venture & Growth Equity Market Bulletin Go4Venture reports about the end of the tech bubble and explains why there are domains such as gaming or Fintech where Europe can claim a lead over the US.

http://www.startupticker.ch/en/news/december-2014/go4venture-correction-in-the-european-venture-market-on-the-horizon#.VIQ9gDHF9qU

New short-term lender in the UK chooses Mambu core system

Savvy Loans is a newcomer to the UK’s lending market. The online short-term lender for consumers and SMEs has recently opened for business supported by a cloud-based platform from Mambu.

https://www.ibsintelligence.com/news/ibs-journal/ibs-journal-news/new-payday-lender-in-the-uk-chooses-mambu-core-system

Londoner Börse kommt Minister Gabriel zuvor

Wenn es um Wachstumsfinanzierung geht, stehen deutsche Start-ups in der Regel deutlich schlechter da als ihre von Geldgebern gepäppelten US- Konkurrenten. Ein Manko, dem Politik und Deutsche Börse schon länger abhelfen wollen. Doch jetzt kommen ihnen die Briten zuvor.

http://www.manager-magazin.de/finanzen/alternativegeldanlage/wachstumsfinanzierung-londoner-boerse-buhlt-um-deutsche-start-ups-a-1006406.html

Entrepreneurs seek angels to get start-ups off the ground (in Austria)

http://www.ft.com/intl/cms/s/0/2a7d5a9a-6fd6-11e4-a0c4-00144feabdc0.html?siteedition=intl#axzz3L0o3u4E7

Leica Camera AG setzt auf PAYONE für neuen Leica Fotopark

Fotografie-Enthusiasten schwören seit Jahrzehnten auf die Kameras und Objektive der Marke Leica.  Auch in der digitalen Fotografie ist das deutsche Traditionsunternehmen aus dem hessischen Wetzlar einer der Weltmarktführer. Mit dem neuen Leica Fotopark (www.leica-fotopark.com) präsentiert die Leica Camera AG nun eine Online-Plattform, die das Bildergebnis in den Fokus einer digital vernetzten Welt rückt.

http://www.payone.de/unternehmen/presse-news/pressemitteilungen/leica-camera-ag-setzt-auf-payone-fuer-neuen-leica-fotopark/

Mt. Gox Bankruptcy Trustee to Tap Kraken Exchange in Repaying Creditors

http://www.newswalk.info/mt-gox-bankruptcy-trustee-to-tap-kraken-exchange-in-repaying-564675.html

RapidMiner Hires Former IBM Executive as SVP of Sales

http://www.channelpartnersonline.com/news/2014/11/rapidminer-hires-former-ibm-executive-as-svp-of-sales.aspx

FLYERALARM Places Trust in Wirecard for its Foreign Expansion

The portfolio of the Wirecard Group now includes another prominent e-Commerce company, FLYERALARM, the leading B2B online printer in Europe. The payment processor will be handling all global credit card acceptance of Visa and MasterCard payments from now on. A further expansion of the collaboration is also planned.

http://www.prnewswire.co.uk/news-releases/flyeralarm-places-trust-in-wirecard-for-its-foreign-expansion-283936501.html

Newsletter, 22 November – 28 November 2014

Veröffentlicht von admin@tochter

Lending and payments startups in Germany / D.A.CH lead record $175 mn in funding

Meantime FinTech startups in Germany, Austria and Switzerland raised over $175 mn in 2014 as per initial results of a study shared at the 3rd FinTech Forum event in Frankfurt last week. Lending and payments startups like Kreditech and Traxpay accounted for nearly 80% of that amount.

Read the 3rd FinTech Forum in Tweets.

http://www.fintechforum.de/3rd-fintech-forum-event-20th-november-2014-tweets/

7 Questions with Thomas K. Koch, Co-Founder / CFO of xWare42 GmbH

…David Lais and I, Thomas Koch, are the founders of xWare42™ GmbH and have taken on the task of using current technology to catapult the classic system of payment transactions into the 21st century, as well as of establishing a new user experience in online banking.

http://www.fintechforum.de/7-questions-thomas-k-koch-co-founder-cfo-xware42-gmbh/

Deutsche Börse is building a platform for startups and investors.

Die Deutsche Börse baut in den kommenden Monaten eine Internet-Plattform auf, auf der sich junge Wachstumsunternehmen und Investoren beschnuppern sollen.

http://www.boerse-online.de/nachrichten/aktien/Deutsche-Boerse-baut-Plattform-fuer-Start-Ups-und-Investoren-auf-1000390893

Route 66: ‚The six things fintech investors are looking for‘

Investment firm Route 66 Ventures says that fintech entrepreneurs seeking funding for fresh innovations in banking should focus their efforts on the development of crypto-business models, asset management, alternative lending, and bank API, mobile payments and digital channels.

http://www.finextra.com/News/FullStory.aspx?newsitemid=26753

Hahn Air Places its Trust in Wirecard’s Global Issuing and Banking Solutions

The Wirecard Group is supporting the sales specialist Hahn Air with a new electronic industry solution, „HR e-Payment“. This payment card for travel agencies is based on Wirecard’s payment technology and banking licence.

http://www.prnewswire.co.uk/news-releases/hahn-air-places-its-trust-in-wirecards-global-issuing-and-banking-solutions-283308751.html

Liquid Payment verwaltet wiederkehrende Zahlungen

Konto erstellen, Pakete anlegen, (Mindest-)Vertragslaufzeit, Abbuchungsfrequenz, Kündigungsfrist und Einrichtungsgebühr konfigurieren, in die Website integrieren – fertig. So einfach soll mit Liquid Payment das Rechnungsmanagement und die Steuerung von wiederkehrenden Abbuchungen in Zukunft sein.

http://www.deutsche-startups.de/2014/11/25/liquid-payment-verwaltung-wiederkehrender-zahlungen/

Payment Diverse and Fast: Salesforce App bill.ON embeds PAYMILL

The billing experts of OnCommerce start the cooperation with the European-wide online payment service provider PAYMILL and embedding their service in the SalesforceCRM application bill.ON.

http://www.openpr.com/news/299814/Payment-Diverse-and-Fast-Salesforce-App-bill-ON-embeds-PAYMILL.html?SID=e63ba19b9613d642458102536a8632f3

Bajorat: Banken haben die Chance besser als jedes FinTech zu sein — wenn sie sich trauen

André M. Bajorat ist Geschäftsführer der figo GmbH — die nach eigenen Angaben das Rückgrat für Financial Services der nächsten Generation baut. Bajorat ist aber auch einer der wichtigsten Vordenker der Deutschen FinTech-​​Szene.

http://www.it-finanzmagazin.de/bajorat-banken-haben-die-chance-besser-als-jedes-fintech-zu-sein-wenn-sie-sich-trauen-6814

KREDITECH: „Are you fucking kidding me“ – jetzt auch zum Anziehen

Angriff ist die beste Verteidigung. Am besten mit einer Portion Selbstironie abgeschmeckt. Kreditech macht sich mit T-Shirts über Vorwürfe lustig.

http://www.gruenderszene.de/allgemein/are-you-fucking-kidding-me-t-shirts

„20 Frankfurter Start-ups, die man kennen sollte“

… (darunter die FinTechs Traxpay, Debitos, Vaamo)

http://www.deutsche-startups.de/2014/11/24/frankfurter-startups/

Frankfurt nicht in den Top 10 der FinTech Städte

‏@FinTechHK: Top 10 cities in #FinTech ranked by number of Google search results.

https://twitter.com/FinTechHK/status/538652546710372352/photo/1

Bye Bye Wally (…Bahnbetreiberin SBB beerdigt ihr Projekt «Wally»)

Im Wettlauf um die digitale Brieftasche haben die Banken einen branchenfremden Konkurrenten weniger: Bahnbetreiberin SBB beerdigt ihr Projekt «Wally». Doch damit ist das Rennen noch nicht gewonnen.

http://www.finews.ch/news/banken/16842-sbb-postfinance-swisscom-tapit-twint-six-digitale-brieftasche-handy

Wearable Banking On The Way

Before mobile banking has had the chance to capture the full attention of the consumer market, wearable banking is already taking over the talks about what’s next in mobile payments.

http://www.pymnts.com/news/2014/wearable-banking-on-way/#.VHeg22eExec

Was weiß Hessens Finanzminister über Start-up-Finanzierung? Nichts!

Es geht mal wieder um das Anti-Angel-Gesetz! „Dass nur jemand Geld gibt und nur zuguckt, ist in dieser Diskussion zwischen Business Angels und Venture Capital eher selten“, sagt der hessische Finanzminister Thomas Schäfer (CDU). „In den allerwenigsten Fällen geht jemand in ein Start-up mit weniger als 10 %-Beteiligung“.

http://www.deutsche-startups.de/2014/11/24/finanzminister-hessen-startup-finanzierung/

Mt. Gox Bankruptcy Trustee to Tap Kraken Exchange in Repaying Creditors

http://www.newswalk.info/mt-gox-bankruptcy-trustee-to-tap-kraken-exchange-in-repaying-564675.html

3rd FinTech Forum Event (20th November 2014) in Tweets

Veröffentlicht von admin@tochter

We scraped the Twittersphere to get a Zeitgeist of the 3rd FinTech Forum event at the Airport Club in Frankfurt. Enjoy!

FinTech Forum @FinTechForum_DE · Nov 18

3rd #FinTechForum – 2 days to go! Check out the line-up of 20 #fintech #startups from Germany / Central Europe http://ow.ly/Ery1N .

 FinTech Forum retweeted

Bastiaan Burgwal @PBBurgwal · Nov 19

German Kaffee entlang der Autobahn ! On my way for @Sparkholder to Frankfurt for the @FinTechForum_DE tomorrow!

 FinTech Forum retweeted

Boris Janek @electrouncle · Nov 20

Auf dem Weg zum @FinTechForum_DE . Fön es doch auch ein #BahntechForum

Cashboard.de @Cashboard_de · Nov 17

Our CEO Robert is on stage at the 3rd #FinTechForum on 20th November! Program of the largest German #FinTech event: http://bit.ly/1qbTeI1 

 FinTech Forum retweeted

easyfolio @easyfolio · Nov 19

On our way to @FinTechForum_DE in Frankfurt tomorrow! Looking forward to present easyfolio! #fintech #startup #geldanlage

FinTech Forum @FinTechForum_DE · Nov 19

Just finished crunching some numbers on #fintech #startup funding in Germany / D-A-CH for tomorrow’s event: get ready to get surprised!

 FinTech Forum retweeted

tradegear GmbH @tradegearch · Nov 19

We are on our way to @FinTechForum_DE in Frankfurt tomorrow ! Looking forward for this great #fintech #startup event !

Boris Janek @electrouncle · Nov 19

Vor dem fintech @FinTechForum_DE neue #fintech news mit #bitcoin, #knox @DeutscheBankAG und mehr http://ln.is/financezweinull.de/9MtfY …

FinTech Forum @FinTechForum_DE · Nov 19

All set for the 3rd #FinTechForum event in Frankfurt tomorrow http://ow.ly/EvTLO  Looking forward- nice journey and see you all!

 FinTech Forum retweeted

Table of Visions @tableofvisions · Nov 18

Wir sind diesen Donnerstag auf dem @CrowdDialog in München und auf dem @FinTechForum_DE in Frankfurt. Wer ist noch dabei?

Cashboard.de @Cashboard_de · Nov 18

Looking forward to the get-together with other startups, investors and banks @FinTechForum_DE in Frankfurt http://bit.ly/1qbTeI1  #FinTech

Kurzzeitkredit Team @vexcash · Nov 18

#Vexcash ist diesmal nicht dabei aber wünscht viel Spaß @bankingcheck.de @FinTechForum_DE http://ow.ly/EshvJ 

 FinTech Forum retweeted

Jess Williamson @JessInBlue · Nov 20

Guten tag Frankfurt, happy to be here for @FinTechForum_DE. See you all soon! @techfluence_eu @gregintech @techstars

Matteo Rizzi @matteorizzi · Nov 20

Two businessmen meeting @ boarding, already in the plane and one says “I am going to Frankfurt as well” #genius

 FinTech Forum retweeted3rd FinTech Forum in Tweets

Christian Ramme @chramme · Nov 20

Quite an audience – many interesting #fintech #startups @FinTechForum_DE

VOOLA @voola · Nov 20

Here we go, today’s agenda @FinTechForum_DE #Frankfurt #fintech #finance203rd FinTech Forum in Tweets2

Michael Mellinghoff ‏@Mellinghoff  Nov 20

Frank Schwab keynoting at #Fintechforum in #Frankfurt, 20 #Fintech #Startups pitching with international investors3rd FinTech Forum in Tweets3

FinTech Forum @FinTechForum_DE · Nov 26

2014 is a record year for fintech funding in D.A.C.H-startups raise $175M, thrice the total funding between 2011-2013 http://ow.ly/EUkXc 

Sebastian Diemer @DiemerSebastian · Nov 24

Germany / http://D.A.CH  Deal Highlights: 3rd FinTech Forum, Frankfurt (20th Nov. 2014) by @fintechforum_de http://www.slideshare.net/SamarthShekhar/fintech-41849432 …l

FinTech Forum @FinTechForum_DE · Nov 20

@hartmut_giesen Correction: 2014 funding $175m in DACH FinTech is 3 times investment between previous 3 years (2011-13)

Pascal Bouvier @pascalbouvier · Nov 23

7 day euro #fintech tour first #insurance startups in #Berlin then @FinTechForum_DE in #Frankfurt & now #digitalbanking startups in #London

Matteo Rizzi @matteorizzi · Nov 20

@FinTechForum_DE #DACH investments in #fintech 2014 so far 175M , including @netguardians @sbtvc

 FinTech Forum retweeted

Hartmut Giesen @hartmut_giesen · Nov 20

Correction: Fintech Funding 175 M $ 2014 = 3 x the funding from 2011 to 2013 @FinTechForum_DE

Matteo Rizzi ‏@matteorizzi  Nov 20

@FinTechForum_DE I should learn a 6th language of i want to come back next year …

FinTech Forum @FinTechForum_DE · Nov 20

@matteorizzi always a good idea 😉

3rd FinTech Forum in Tweets5

3rd FinTech Forum in Tweets4

Martin Buhl @martin_buhl · Nov 20

#Fintech #FinTechForum_DE #Frankfurt .. time for some DACH #stats

Cashboard.de @Cashboard_de · Nov 20

@FinTechForum_DE: Samarth Shekhar (@techfluence_eu) is presenting the top deals 2014 – @Cashboard_de is one of them!

 FinTech Forum retweeted

Hartmut Giesen @hartmut_giesen · Nov 20

We are not cheap but we provide a perfect service…. that’s the stance to build a business; Decimo at @FinTechForum_DE

 FinTech Forum retweeted

Hartmut Giesen @hartmut_giesen · Nov 20

@easyfolio presents its robo-advice-solution; more focused on the fin part of the Fintech… @FinTechForum_DE

 FinTech Forum retweeted

Hartmut Giesen @hartmut_giesen · Nov 20

Factoring für Freiberufler ist das gelöste Customer Problem von Decimo. @FinTechForum_DE

Hartmut Giesen @hartmut_giesen · Nov 20

Our customers just love us….. Decimo says about its factoring services at @FinTechForum_DE

 FinTech Forum retweeted

Hartmut Giesen @hartmut_giesen · Nov 20

BCB adresses 0,5 B market in Africa and Asia (2019); credit scoring for non regulated finance markets; @FinTechForum_DE

 FinTech Forum retweeted

Hartmut Giesen @hartmut_giesen · Nov 20

BCB stellt auf @FinTechForum_DE Kreditscoring-Lösung für afrikanische Märkte vor; Schufa für Microlending

BankingCheck @BankingCheck · Nov 20

@BankingCheck ist heute mit unserem CEO Daniel Bödger @boedger auf dem @FinTechForum_DE in Frankfurt – #FinTech #Germany #BankingCheck

Hartmut Giesen @hartmut_giesen · Nov 20

@Cashboard_de ein junger Robo Adviser auf @FinTechForum_DE Bühne.

 FinTech Forum retweeted

Hartmut Giesen @hartmut_giesen · Nov 20

#geldempfehlung auf @FinTechForum_DE: Gibt uns der Kunde 20 €, geben wir im 40 € zurück….

 FinTech Forum retweeted

Hartmut Giesen @hartmut_giesen · Nov 20

Now @FinTechForum_DE Roundtable… VCs, Banking-InnovationLab, Beratung, very international: Amazon for shopping

Hartmut Giesen @hartmut_giesen · Nov 20

Amazon for shopping, Google for searching, who for finance in 2020, banks, internet giants or new attackers…? Roundtable @FinTechForum_DE

 FinTech Forum retweeted

Jess Williamson @JessInBlue · Nov 20

A Frenchman, Catalan, Italian, and German man walk onto a panel… We are all laughing already 🙂 @FinTechForum_DE 

3rd FinTech Forum in Tweets7

VOOLA @voola · Nov 20

„Prepare for the worst“ 😉 roundtable on „Amazon for shopping, Google for search“ about to beginn! @FinTechForum_DE 

3rd FinTech Forum in Tweets8

 FinTech Forum retweeted

Hartmut Giesen @hartmut_giesen · Nov 20

Finance disruption only for the front end, the backend and infrastructure will remain the area of the banks ?? roundtable @FinTechForum_DE

Matteo Rizzi @matteorizzi · Nov 20

Specificity of @FinTechForum_DE very high concentration of capital markets and related data feeds startups. @MirceaMihaescu @sbtvc

FinTech Forum @FinTechForum_DE · Nov 20

@matteorizzi @MirceaMihaescu @sbtvc …and we thought Germany / http://D.A.CH  market is risk averse 🙂

 FinTech Forum retweeted

Hartmut Giesen @hartmut_giesen · Nov 20

Intelligent Recommendation on the @FinTechForum_DE stage; financial recommendation based on collective intelligence.

Hartmut Giesen @hartmut_giesen · Nov 20

Finhorizon integrates financial behavior approaches with Fama’s rational markets theories to make more precise forecasts; @FinTechForum_DE

 Matteo Rizzi retweeted

Pascal Bouvier @pascalbouvier · Nov 20

Exhilarating day in Frankfurt @ @FinTechForum_DE talking about future of #fintech with @FrankJSchwab @techfluence_eu @matteorizzi want more!

Matteo Rizzi @matteorizzi · Nov 20

You too!! RT @pascalbouvier: @matteorizzi as always stellar performance in a round table @FinTechForum_DE #fintech

 

7 Questions with Thomas K. Koch, Co-Founder / CFO of xWare42 GmbH

Veröffentlicht von admin@tochter

1. Who are you?

David Lais and I, Thomas Koch, are the founders of xWare42™ GmbH and have taken on the task of using current technology to catapult the classic system of payment transactions into the 21st century, as well as of establishing a new user experience in online banking.

2. Which services do you sell and who are your competitors?

The xWare42 product xPay (pronounced “cross pay”) platform is one of the first of its kind to significantly simplify the process for managing income, expenditure and dealing with payment transactions for business and private customers. xPay also offers a range of new features that are not currently available with traditional online banking.

Our xPay platform extends payment information to addresses, opening hours, service numbers and much more details from and about retailers. This gives customers a much more detailed picture of their purchases. Moreover, the customer has the option of adding information to their revenues in the form of keywords (hashtags) and individual revenue descriptions. Customers are also supported by automatic categorisation that provides a completely new perspective on personal financial management.

xPay has already evolved to be a great setup for xWare being looked at as a business enabler for financial institutions offering unique services a) to businesses and b) to end-customers. xPay offers a variety of new business models.

Competitors are: Simple, Dwolla, Movenbank.

3. How did you get your startup idea and how did you finance your startup?

David and I are working together for almost 11 years now. In the beginning he was working as a Developer for several finance projects and got annoyed by the IT systems and “old school” technologies. He asked me thousand of times if and how we could get more information about payment transactions. Over the time we developed the idea of “transaction enrichment” and decided 2011 it’s time to give it a try, the result is xWare42.

We bootstrapped! David and I did what we have done all the years and financed xWare with consulting and IT projects / jobs. Additonally we got a client on board which was keen to see the results and helped us to finance “bad times”.

4. What were the biggest challenges in starting?

The European and country specific banking regulations as well as the challenges of financing a startup.

5. What areas within FinTech do you personally find most interesting and why?

Due to the changing regulations there is a permanent learning curve you’ll have to accept being able to develop products and services within the FinTech space.

6. What opportunities do you see for FinTech startups in the D-A-CH region and how can we help to accelerate?

It still remains exciting in which spaces FinTech start-ups will be able to provide products to the industry being adopted by banks and other major industries accelerating processes that are a hassle today, e.g. KYC procedures to provide faster access to financial products or much better customer experience.

Acceleration can be through more pilots with established banks, insurance companies and large retailers.

7. What tip would you like to give FinTech entrepreneurs?

Always keep an eye on the regulation and be sure your product will solve an existing problem.

Newsletter, 15 November – 21 November 2014

Veröffentlicht von michael reinicke

FinTech investments in 2014 in Germany / D.A.CH cross $175M, Deutsche Bank plans “FinTech-Killer”,   Wirecard acquires Asian parts of Visa processing arm etc.

FinTech investments in 2014 in Germany, Austria and Switzerland cross $175m

FinTech startups in the German-speaking region raised over €140 mn in funding in 2014, nearly thrice the estimated investments between 2011-2013. The 3rd FinTech Forum event kicked off with these initial results from the ongoing 2nd Study of FinTech in D.A.CH / C.E, covering over 200 startups in the region.

Twenty startups – ranging from robo-advisors to credit bureau for the unbanked and self-issued credit – presented to leading VCs, investors and banks. The roundtable panel discussed the potential scenarios around the topic “Amazon for shopping, Google for search: Will Europe be buying financial Financial Services from American (Fin)Tech Giants in 2020?”

Check out the Germany / D.A.CH Deal Highlights and the “Startups in a Tweet”.

Deutsche Bank will 2015 mit Fintech-Killer starten Die Deutsche Bank bereitet einen Fintech-Killer vor. Eine eigene Online-Vermögensverwaltung soll ab 2015 den Angriff von Startups wie Betterment, Nutmeg oder Easyfolio auf das Bankgeschäft kontern.

(EN: Deutsche Bank plans to launch a “FinTech-Killer”: to launch online wealth management in 2015.)

http://www.manager-magazin.de/unternehmen/banken/deutsche-bank-arbeitet-an-internet-vermoegensverwalter-a-1004203.html

Wirecard To Buy Certain Assets Of Visa Processing Service In Singapore

Wirecard AG and Visa Inc. announced their cooperation in prepaid card issuing, affirming their joint commitment to the growing prepaid markets in Asia-Pacific, Latin America, and other regions.

http://www.rttnews.com/2418337/wirecard-to-buy-certain-assets-of-visa-processing-service-in-singapore.aspx

Online-Versicherer Schutzklick expandiert ins Ausland

…Schutzklick, eine Software für den automatisierten Verkauf von Versicherungsprodukten, bietet ihre Online-Versicherungen nun auch in Österreich und den Niederlanden an…

(EN: Schutzklick, a startup offering online insurance products, expands to Austria and Netherlands.)

http://www.deutsche-startups.de/2014/11/18/schutzklick-helpling-westwing-und-co-expandieren/

Lendico debuts cross-border P2P loan platform

…As a first step, German investors can now invest in Spanish loans, with returns up to 19.60%, considerably higher than what investors can expect in Germany…

http://www.finextra.com/news/announcement.aspx?pressreleaseid=57747

Crowdinvest.ch als «Banking IT-Innovation 2014» ausgezeichnet

…Es ist die erste Schweizer Plattform, die auf kollektiver Intelligenz basierend die Meinung der Masse zu den 30 liquidesten und grössten Titeln des Schweizer Aktienmarktes erhebt.

http://www.startupticker.ch/en/news/november-2014/crowdinvest-ch-als-banking-it-innovation-2014-ausgezeichnet#.VHCxq_nF9qU

Yapital gewinnt den “Future Economy Award”!

Yapital wurde in der letzten Nacht, am 19. November 2014, auf dem Luxembourg Finance Management Summit mit dem Future Economy Award ausgezeichnet.

http://yapital.info/2014/11/yapital-gewinnt-den-future-economy-award/

Cocus bringt Reposito wieder zurück ins Netz

Reposito kehrt zurück! Die Kassenzettel-App soll Anfang 2015 wieder ins Netz gehen. „Wir sehen im digitalen Kassenbon einen erheblichen Mehrwert für das Mobile Payment“, sagt Oliver Hüttig…

http://www.deutsche-startups.de/2014/11/19/cocus-bringt-reposito-wieder-zurueck-ins-netz/

Mambu Cloud Banking Powers UK Lending in Savvy Loans

Mambu has announced that its cloud banking technology is powering Savvy Loans’ new lending program for individuals and small businesses.

http://www.crowdfundinsider.com/2014/11/56281-mambu-cloud-banking-powers-uk-lending-savvy-loans/

Deutsche Bank baut auf Innovationslabors mit IBM und Microsoft

Die Deutsche Bank will ihr digitales Bankgeschäft voranbringen und setzt dafür auf das Know-How der Technologiebranche: Die Bank arbeitet an der Einrichtung gemeinsamer Innovationslabors mit IBM und Microsoft sowie der indischen HCL Technologies…

http://www.wsj.de/nachrichten/SB10865553559589044147104580282561273011490

Banken kommen bei Bezahllösungen in Bewegung

Der Innovationsdruck bei Geldinstituten steigt. Die Entwicklung eines neuen Online-Bezahldienstes ist laut DZ Bank für 2015 in der Pipeline. Doch erst will man sorgfältig alle Optionen prüfen.

http://www.springerprofessional.de/banken-kommen-bei-bezahlloesungen-in-bewegung/5444906.html

Selbstversuch: Konservative Bank trifft auf Moderne Bank! (Vergleich: Bank aus Saarland / Fidor)

Es gibt Filial-Banken und es gibt Onlinebanken, da es Kunden gibt denen Filialen wichtig sind und es gibt Kunden, denen genügt eine Onlinebank.

http://www.finanz-exzellent.de/?p=407

Holvi startet in Deutschland

Holvi, FinTech-Anbieter aus Finnland, expandiert nun auch nach Deutschland und Österreich.

http://www.deutsche-startups.de/2014/11/18/schutzklick-helpling-westwing-und-co-expandieren/

How Kraken is Seeking to Solve Bitcoin’s Banking Dilemma

When Fidor Bank’s Michael Maier spoke to CoinDesk in June, the Internet bank COO framed his industry as one that bitcoin would grow to challenge directly, suggesting at the time that its partnership with Kraken demonstrated its intent to accept this future and even cooperate with it.

http://www.coindesk.com/kraken-seeking-solve-bitcoins-banking-dilemma/

Über die Koexistenz von alter und neuer Welt im Banking

Die Frage, ob und inwieweit die alte und neue Welt im Banking friedlich nebeneinander existieren können, spaltet nach meinem Eindruck das Lager der Branchenbeobachter in zwei Lager.

http://bankstil.blogspot.de/2014/11/uber-die-koexistenz-von-alter-und-neuer.html

“Banking is necessary, banks are not” (LendIt P2P Lending Conference)

On Monday the European version of the peer-to-peer lending conference LendIt will take place in London. LendIt is a young conference, it took place one and a half years ago in New York City for the first time. Yet the conference is very successful and covers the latest trends and important developments of the online lending space.

http://blog.bitbond.net/bitbond-at-lendit/

Konsequenzen des Kleinanlegerschutzgesetzes für den Markt

Das Kleinanlegerschutzgesetzes soll Investoren besser vor riskanten Anlagemöglichkeiten schützen und zielt dabei auf milliardenschwere Finanzinstrumente ab. Für die Crowdinvesting-Branche bedeutet dies, dass sie bis auf Ausnahmen nach den selben Regelungen reguliert werden soll.

http://www.deutsche-startups.de/2014/11/18/konsequenzen-des-kleinanlegerschutzgesetzes-fuer-den-deutschen-markt/

7 Questions with Daniel Boedger from BankingCheck

Veröffentlicht von admin@tochter

1. Who are you?

My Name is Daniel Boedger [CEO & Founder of BankingCheck], 33, Dipl.-Ing. IT. After my studies I worked with Robert Bosch GmbH & SIEMENS as a project leader and development engineer for server systems in the process automation industry. Already in 2007 I have founded my first FinTech platform in the daily allowances and fixed deposit sector – with special comparison tables, calculators and apps.

With this 8 years of experience in the financial industry – we developed BankingCheck. Nowadays more than 370 banks and financial institutions with more than 650 products are supported by BankingCheck services.

2. Which product or service do you sell and who are your competitors?

BankingCheck is an independent rating and comparison platform for banks, insurance companies and financial service providers. The idea behind is simple – instead of using word-of-mouth, we are providing an automated customer review process. So customers are able to rate services such as account opening, credit card applications or interest rates – like it is already common in the travel and hotel industry. BankingCheck was founded in 2011 and up to now, more than 370 financial providers are using our service.

Basis features of BankingCheck are:

·       customer review process for providers

·       customer review process for products

·       test seal integration

·       rating stars (google)

The customer review process can be integrated in the CRM System of the bank, so that customers can be prompted to rate the service of the provider. The provider and product reviews will be exported to search engines like Google or Bing!, in order to display the ratings as stars in organic search and ads.

More than 50.000 customer reviews have been submitted so far on our platform. We are the only specialized evaluation portal for the financial industry. Due to the high amount of functions on the portal, we decided to provide a self-service account for companies in 2014.

Main features of the business account are:

·       Edit provider profile

·       Edit product profiles

·       Read and comment customer reviews

·       Social Media Integration

·       Customers solicit customers

·       Cutomer review process

·       Test seal generator (SEO stars)

·       Media Monitoring

·       Integration in comparison tables / calculators

·       News / press releases

In addition, the provider have the possibility to respond directly to the customer reviews with the business account. Thus, banks and financial institutions can enter into an active dialogue with their consumers and therefore can support them in prospective issues. With the recent function news / press releases provider are able to generate and to publish news articles / press releases.

3. How did you get your start-up idea and how did you finance your start-up?

In 2007 I started my first financial website Tagesgeld-News.de. Up to now Tagesgeld-News.de is an unique information portal which attempts to provide customers with meaningful additional value / information in terms of daily allowances. Since the portal start, we report regularly about daily allowances, e.g. new offers, product changes or changes in interest rates on the german market. In addition, we provide further product details of the different accounts on the portal. These updates will be submitted daily to the users via newsletter or app. The first App was developed in 2010 – it was one of the first finance apps with push notifications for news and interest rate changes.

At this point I realized that customer reviews of different products would enhance the customer decision process. So that customers can benefit from the experiences of other consumers. Especially in terms of mortgages and loans customer experiences are very important as these products involve a long customer-bank relationship. This was the starting shot of BankingCheck.

4. What were the biggest challenges in starting?

The foundation itself was no issue. Setting up the IT and building a fast and cool website with a lot of automatic functions is always challenging. Besides that, we always aim to respond to customer feedback in order to improve our services and our portal.

5. What areas within FinTech do you personally find most interesting and why?

As Dipl. Ing. IT and automated processes are my favorite part. In terms of reduction of costs these automated processes assist the daily workflow and enhance the performance. Especially the mobile and web-based banking processes are one of my favorite areas.

In addition, with BankingCheck we like to support the daily workflow of the financial industry e.g. with SEO content for their websites and automated customer processes.

6. What opportunities do you see for FinTech start-ups in the DACH region, and how can we help to accelerate it?

Many opportunities – the FinTech industry needs innovations and new ideas. Nowadays they have to compete with Google, Bing and other big digital competitors like Paypal.

My aim is to connect finance companies with their customers.

7. What tip would you like to give FinTech entrepreneurs?

Don’t wait, stand up, build a prototype, look for a partner and get started. In the FinTech sector are many investors which invest in good ideas.

Newsletter, 08 November – 14 November 2014

Veröffentlicht von admin@tochter

Barzahlen, paying online bills offline, raises “multiple million”

Berlin-based Barzahlen, a startup that offers customers the option of paying online purchases offline, announced a “multiple million” funding round.

http://venturevillage.eu/barzahlen-paying-online-bills-offline-raises-multiple-million

Cashboard wins the ProSiebenSat.1 “SevenVentures Pitch Day” in London

The winer of this year’s SevenVentures Pitch Day (7VPD) 2014 is Cashboard…The Germany-based start-up will receive a prize worth EUR 4 milion in media time to advertise its product on the TV channels of the ProSiebenSat.1 Group.

http://en.prosiebensat1.com/pdf/pdf.aspx?url=123876&filename=Cashboard+wins+the+ProSiebenSat.1+%E2%80%9CSevenVentures+Pitch+Day%E2%80%9D

[Congratulations to Cashboard, which will present at the 3rd FinTech Forum event this Thursday, 20th Nov. 2014 in Frankfurt. Read our 7 Questions with Cashboard CEO Robert Henker. ]

OutBank Software Launches Secure Mobile Banking App OutBank US for the US Market

OutBank Software LLC (www.OutBank.us), in cooperation with Stoeger IT GmbH, makers of the award winning OutBankDE named the “Best German Banking App 2014”, announced today the arrival of OutBankUS, the Secure Mobile Banking App for the US Market.

http://www.digitaljournal.com/pr/2308940

Mobino supplies technological basis for Postfinance payments solutions

Monexio AG, created this summer as a fully owned subsidiary of PostFinance AG, has chosen the Mobino technology as a basis for the development of their own digital payment solutions. Mobino SA is a fast-growing Swiss FinTech startup founded in 2011 and headquartered in Geneva.

http://www.startupticker.ch/en/news/november-2014/mobino-supplies-technological-basis-for-postfinance-payments-solutions

Deloitte Technology Fast 50 2014: PAYONE is awarded again as one of the fastest growing technology companies in Germany

….PAYONE, a leading bank-independent payment service provider, was awarded as one of the fastest growing companies in the fields IT, communication and life sciences in Germany for the second time in a row.

http://www.payone.de/unternehmen/presse-news/pressemitteilungen/payone-erhaelt-erneut-den-renommierten-deloitte-technology-fast-50-award/

Satoshipay hilft bei Bitcoin-Zahlungen

… Das Team hinter dem Berliner Start-up Satoshipay bastelt nach eigenen Angaben gerade an einer “Bitcoin Payment Api, mit der Onlinehändler, Payment Provider und App-Developer einfach und transparent Bitcoin-Zahlungen akzeptieren können”.

http://www.deutsche-startups.de/2014/11/13/satoshipay-hilft-bei-bitcoin-zahlungen/

Wie Numbrs die Kontoführung mobil macht

Die Banking-App Numbrs wurde seit April 600.000 Mal heruntergeladen, im App Store aber nur mit zwei Sternen bewertet. Die Kritik kann sich das Startup erklären.

http://www.gruenderszene.de/allgemein/numbrs-fynn-kreuz-startup-helden

Companisto: Investors May Receive Highest Return Ever on German Equity Crowdfunding Campaign

In June of 2012, 446 investors participated in a self crowdfunding campaign of the Companisto platform. …A bit over 2 years later these same fortunate investors must decide if they will be willing to sell these shares at two times their original value (a 44% annualized return @ 2.5 years).

http://www.crowdfundinsider.com/2014/11/55101-companisto-investors-may-receive-highest-return-ever-german-equity-crowdfunding-campaign/

Die Bank von morgen ist heute schon von gestern

Loungebereich, Videoberater und Kuschelecke: Die Banken wollen mit modernen Vorzeigefilialen Finanzgeschäfte zum Erlebnis machen. Dabei kann das Smartphone künftig jede Bank ersetzen.

http://www.faz.net/aktuell/finanzen/meine-finanzen/sparen-und-geld-anlegen/das-smartphone-ersetzt-kuenftig-jede-bankfiliale-13256023.html

Startup-Trend FinTech: Wie die Kleinen den großen Banken Konkurrenz machen

Wenn es einen Startup-Trend gibt, der momentan förmlich zu explodieren scheint, dann ist es der Bereich Financial Tech – kurz: FinTech. Doch nicht alles, was glänzt, ist Gold. Wo enden die Chancen und beginnt der Hype?

http://t3n.de/news/startup-trend-fintech-kleinen-578012/

Bezahlen wird plötzlich sexy

Payment Experience. Coolness-Faktor. Bei den Bankern ist plötzlich das Interesse am Zahlungsverkehr erwacht. Was früher dröge klang, kommt plötzlich hipp daher. Was das für die Banken bedeutet, haben wir in unserer neuen Studie untersucht.

https://blog.kpmg.de/consulting/zahlungsverkehr-bezahlen-wird-ploetzlich-sexy/

Studie: Wie sieht Deutschlands M-Payment Landschaft aus?

Die beiden Consulting-Unternehmen Mücke, Sturm & Company und How2Pay haben gemeinsam die in Deutschland angebotenen M-Payment-Services getestet. Vodafone Wallet, mPass und Veropay besetzen dabei die ersten Plätze.

http://www.gfm-nachrichten.de/news/aktuelles/article/studie-wie-sieht-deutschlands-m-payment-landschaft-aus.html

Ventech will stärker in Deutschland investieren

Ventech gibt in Deutschland Gas. Dafür eröffnet der französische Kapitalgeber auch ein Büro in München, welches von Christian Claussen geleitet wird. 110 Millionen Euro stehen Ventech im Rahmen seines vierten Funds zur Verfügung. ür den deutschen Markt auf jeden Fall eine gute Nachricht.

http://www.deutsche-startups.de/2014/11/13/ventech-will-staerker-deutschland-investieren/

Android Wear app puts bank in your smartwatch

Nationwide has unveiled an update to its banking app that allows smartwatch wearers to get their account balance delivered to their wrist.

http://www.zdnet.com/ok-google-am-i-feeling-rich-android-wear-app-puts-bank-in-your-smartwatch-7000035449/

zooplus Becomes New Wirecard Client

zooplus AG will be using solutions provided by Munich-based Wirecard AG for its online payment acceptance. zooplus was established in 1999 and is today the leading online retailer for domestic pet supplies in Europe. The zooplus business model has already been successfully introduced in 24 European countries.

http://www.prnewswire.co.uk/news-releases/zooplus-becomes-new-wirecard-client-282104921.html

How do cloud-based solutions add value for payment service providers?

In this blog post, we’ll be taking a closer look at Platform as a Service (PaaS), and related Software as a Service (SaaS), and how they can add value for PSPs and ISOs in a highly competitive payments marketplace.

http://blog.payon.com/blog/how-do-cloud-based-solutions-add-value-for-payment-service-providers