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Newsletter, 19 September – 25 September 2015

Veröffentlicht von admin@tochter

kapilendo gewinnt neuen Investor

Spiros Margaris, Geschäftsführer der Beratungsboutique Margaris Advisory, investiert in das Berliner Fintech-Startup kapilendo. “In meinen Augen ist kapilendo eines der vielversprechendsten deutschen Top-Fintech-Unternehmen.

http://www.deutsche-startups.de/2015/09/21/htgf-investiert-skoove-und-isaac10/

HTGF investiert in Skoove und isaac10

Der High-Tech Gründerfonds (HTGF) investiert in Skoove, eine Internetplattform mit interaktiven Klavier-Kurse, und in isaac10 (ehemals Liquid Payment), einen Paymentdienst.

http://www.deutsche-startups.de/2015/09/21/htgf-investiert-skoove-und-isaac10/

FTF On Tour showcases Europe’s most promising InvestTech Startups

20 Startups transforming asset & wealth management selected from all over Europe presented to an invitation-only audience of financial institutions and investors at the FinTech Forum On Tour | InvestTech event in London on Friday, 25th Sep. 2015. A panel comprising leading VCs, financial institutions and startups discussed the topic: „InvestTech Startups: Threat, Partners or Talent Pool for Incumbents?“. Check out this Neue Zürcher Zeitung article London lockt Fintech-Firmengründer, and stay tuned for more!

HypoVereinsbank und SumUp kooperieren bundesweit

HypoVereinsbank (UniCredit Bank AG) und SumUp haben ihre deutschlandweite Kooperation bekanntgegeben. Zukünftig können Unternehmenskunden der HypoVereinsbank (HVB) die mobile Bezahllösung von SumUp nutzen, um sicher und günstig EC- undKreditkartenzahlungen ihrer Kunden abzuwickeln.

http://www.venture-network.com/dbvn-de/ueber-uns/news/HypoVereinsbank-und-SumUp-kooperieren-bundesweit-/1949282

Fidor bank launches in the UK

Fidor bank launches its social media bank in the UK as the number of challenger financial services companies obtaining banking licences continues to rise.

http://www.computerweekly.com/news/4500253778/Fidor-bank-launches-in-the-UK

International recognition for SME financing startup WIR Finanzierer

In Ansehung der herausragenden volkswirtschaftlichen Bedeutung einer soliden Finanzierung des Mittelstands – die durch aktuelle Entwicklungen, wie die zunehmende Bankenregulierung, gefährdet wird – begrüßt cfi.co die KMU-Anleihe von WIR Finanzierer. Insbesondere der mit ihr geschaffene, mittelstandstaugliche Zugang kleinerer und mittelgroßer Unternehmen zum Kapitalmarkt wurde seitens der Jury ungeteilt anerkannt.

http://www.onvista.de/news/ots-wir-finanzierer-gmbh-wir-finanzierer-gruppe-deutschlands-14200361

(Congratulations to WIR Finanzierer, which presented at the 2nd FinTech Forum in May 2014. Read our 7 Questions with Mark from WIR Finanzierer.)

Hat Jochen Schweizer euer Produkt überhaupt verstanden?

Das Fintech-Startup Lendstar hat den größte Deal in der Geschichte der Startup-TV-Show „Höhle der Löwen“ hingelegt. Nicht schlecht. Vor allem für ein Fintech-Startup, dessen Geschäftsmodell nicht gerade auf den ersten Blick verständlich wirkt. Lendstar ist eine Social-Banking-Plattform.

http://www.gruenderszene.de/allgemein/lendstar-die-hoehle-der-loewen-interview?utm_source=newsletter&utm_medium=newsletter&utm_campaign=daily&utm_term=lendstar-die-hoehle-der-loewen-interview&utm_date=2015-09-23

Banken haben ein massives Bewertungsproblem: PayPal ist mehr wert als die Deutsche Bank

Aus Anlass des Börsengangs von PayPal habe ich einen Vergleich der aktuellen Marktkapitalisierung von Banken und Technologie-Unternehmen erstellt. Insbesondere die deutschen Institute haben ein erhebliches Problem.

http://www.der-bank-blog.de/paypal-ist-mehr-wert-als-die-deutsche-bank/trends/18235/

Ex-Kreditech-Manager starten Kreditplattform

Schon seit dem vergangenen Jahr werkeln die ehemaligen Kreditech-Manager Oliver Schimek und Daniel Schlotter an einer Kreditplattform, bislang – ganz geheimnisvoll – nur im „Stealth Mode“. Am kommenden Montag lüften die beiden nun den Vorhang  für ihr neues Projekt: Crosslend.

http://www.gruenderszene.de/allgemein/kreditplattform-crosslend?utm_source=newsletter&utm_medium=newsletter&utm_campaign=daily&utm_term=kreditplattform-crosslend&utm_date=2015-09-18

Wirecard Payment Services Now Available for all Sky Subscriptions

Wirecard is now also handling all processing of online credit card and PayPal payments for Sky subscriptions. With a current figure of around 4.3 million subscribers, Sky Deutschland is the largest pay TV provider in the German-speaking region.

http://www.prnewswire.co.uk/news-releases/wirecard-payment-services-now-available-for-all-sky-subscriptions-528158701.html

German Sport ID „Deutscher Sportausweis“ chooses Yapital, Europe’s first cross-channel payment solution, as mobile payment solution for club sports

Yapital conquers German club sports: First cross-channel payment solution to be established nationwide for mobile payments in German sports. Yapital has just concluded a cooperation agreement with the „Deutscher Sportausweis“ (German Sport ID), the official initiative of the German Olympic Sports Confederation (DOSB), national sports associations and organizations that support club sports.

http://www.prnewswire.com/news-releases/sports-make-you-mobile-dosb-german-sport-id-cooperates-with-yapital-528156291.html

Schon wieder große Probleme bei Kreditech

Kreditech drohen neue Probleme. Harmonie und Teamgeist dringen durch die Zeilen, am Ende heißt es gar: “Let’s build something good. Together.” In einer Mail an seine Mitarbeiter kündigte Kreditech-Gründer Sebastian Diemer kürzlich den lange erwarteten Abschluss der laufenden Finanzierungsrunde an.

http://www.deutsche-startups.de/2015/09/18/schon-wieder-grosse-probleme-bei-kreditech/

The  Future of FinTech and Banking: Digitally disrupted or re-imagined”

Panel Discussion FinTech – “The Future of Financial Services:  Digitally disrupted or re-imagined” Looking at Banking and Financial Information Services.

http://www.screenmarkets.com/index.php?option=com_content&view=article&id=309&Itemid=124

Finanzierung in der Seedphase: Fraunhofer Venture kooperiert mit High-Tech Gründerfonds

Fraunhofer Venture arbeitet künftig noch enger mit dem High-Tech Gründerfonds zusammen. Ziel der Kooperation ist es, die Möglichkeiten der Seedfinanzierung auszubauen. Zudem haben die Partner gemeinsam einen Preis für herausragende Gründeraktivitäten aus den Fraunhofer-Instituten ins Leben gerufen. Coaches des Fonds sollen Fraunhofer-Forscher beim Aufbau ihres Unternehmens zur Seite stehen. Diese Maßnahmen sind Teil der neuen Ausgründungs- und Beteiligungsstrategie der Fraunhofer-Gesellschaft, deren Ziel die nachhaltige Etablierung von Ausgründungsprozesse und einer Gründerkultur ist.

http://high-tech-gruenderfonds.de/de/finanzierung-in-der-seedphase-fraunhofer-venture-kooperiert-mit-high-tech-gruenderfonds/

Mit Cashboard die Niedrigzinsen der Banken umgehen

Auf jeder Bankenkonferenz wird über Digitalisierung und FinTechs gesprochen. Doch nur wenige Banken ergreifen bisher die notwendigen Schritte.

http://www.wallstreet-online.de/nachricht/7951544-fintech-cashboard-niedrigzinsen-banken-umgehen

Finanztechnik-Start-ups: Die Lümmel von der neuen Bank

Sie bieten günstigere Auslandsüberweisungen und bringen Bankgeschäfte aufs Smartphone: Junge Finanzfirmen fordern die großen Geldhäuser auf ihren lukrativsten Geschäftsfeldern heraus. Wie funktioniert das?

http://www.spiegel.de/wirtschaft/fintech-start-ups-bedrohen-banken-branche-a-1052341.html

Building the Amazon for Consumer Finance” – Alexander Graubner-Müller, CTO of Kreditech

As the founder and CTO of Kreditech, Alexander strongly believes that algorithms and statistical data are the building blocks for the next Industrial Revolution. Kreditech, one of Germany’s most data-driven FinTech companies, is a testament to that belief.

http://dataconomy.com/building-the-amazon-for-consumer-finance-alexander-graubner-muller-cto-of-kreditech/

Newsletter, 12 September – 18 September 2015

Veröffentlicht von admin@tochter

FUSION, Switzerland’s first fintech accelerator, selects its first intake

Fusion, Switzerland’s first fintech accelerator, announces the selection of its 10 start-ups, drawn from all of the world, which will enter its 12-month acceleration programme starting on 5 October.

http://www.startupticker.ch/en/news/september-2015/fusion-switzerland-s-first-fintech-accelerator-selects-its-first-intake

Finpoint to help SMEs gain vital access to funding

Finpoint will connect companies with a network of more than 70 traditional and alternative funders using a simple one-stop application process. The formula was pioneered in Germany, where it has proved highly successful over the past five years.

http://www.yorkshirepost.co.uk/business/business-news/finpoint-to-help-smes-gain-vital-access-to-funding-1-7453250#ixzz3ltsdp200

FinTech Forum turns two: Yearbook 2015

FinTech Forum turned two years old in July 2015. In spite of the approaching summer break, true to our tradition, we decided to celebrate with the growing community of startups who have presented at our events. We had to reach out to nearly 100 startups from our five events so far, asking them about their achievements and wants. Check out the FinTech Forum Yearbook 2015.

FinTecSystems makes real-time payment possible

FinTecSystems aus München ist ein Anbieter von Informationen, die auf Daten aus dem Onlinebanking basieren und bietet Echtzeit Payment und Informations-Dienstleistungen.

http://www.deutsche-startups.de/2015/09/17/radioscreen-knackstream-fintechsystems-greenadz-pack2cook/

InvestGlass présente son robo-advisor intelligent

InvestGlass a présenté mercredi soir à Genève une nouvelle version d’intelligence artificielle à destination des banquiers et brokers.

http://www.startupticker.ch/en/news/september-2015/investglass-presente-un-robo-advisor-intelligent-de-nouvelle-generation

Swiss-German VC firm b-to-v Partners…a €100 million+ third fund

European venture capital firm b-to-v Partners has a fresh €100 million+ at its disposal to invest in tech startups (mostly in German-speaking countries). Particularly of interest to the firm are marketplaces, early-stage fintech startups and e-commerce ventures.

http://tech.eu/news/b-to-v-partners-third-fund/

Zürcher Gewerbler setzen auf Startup Bezahl-App

Im langen Schatten der mobilen Bezahlangebote von Grossunternehmen gibt es eine komplette, unabhängige Bezahl-Lösung für Händler und Konsumenten, und zwar jene des Internetpioniers und Mobino-Gründer Jean-François Groff (47).

http://www.startupticker.ch/en/news/september-2015/zurcher-gewerbler-setzen-auf-startup-bezahl-app?utm_source=newsletter163&utm_medium=email&utm_campaign=newsletter163

Der FinTech Forum Stammtisch München am 6. Oktober 2015, Löwenbräukeller

Der FinTech Forum Stammtisch ist eine unverbindliche Zusammenkunft von FinTech Interessierten (Startups, Innovatoren, Hidden Champions und Investoren) in München und Umgebung.Ein Tisch im Löwenbräukeller ist reserviert. Die Kosten für Getränke und Speisen trägt jeder selbst.
First comes, first serves. Auf 15 TeilnehmerInnen begrenzt.

https://www.xing.com/events/fintech-forum-stammtisch-munchen-1599547

APIs Making Waves in FinTech

It won’t be wrong to say that APIs are powering some of the FinTech innovation engines. APIs are the answer to the question of how startups are able to build products faster these days. Most FinTech companies now float their products on cloud services so that they can access API data like an on-premise database. German based Fidor Bank, figo, and Gini are part of this revolution.

 http://letstalkpayments.com/41-apis-making-waves-in-fintech/

Start-ups auf Investorensuche

Das Gerede um den heißen Brei kann man sich sparen. Wie spricht man als Gründer am besten einen Investor an? „Ein Tipp, den ich bei meinem Mister Spex-Mitgründer Dirk Graber abgeschaut habe: Um sich mit Investoren auf einer Ebene zu treffen, sollte man keinen Hard Core-Pitch abliefern“, sagt Thilo Hardt, Gründer des Berliner Start-ups eWings..

http://www.deutsche-startups.de/2015/09/16/das-gerede-um-den-heissen-brei-kann-man-sich-sparen/

(Traditional) Online versus Digital Banking

Veröffentlicht von admin@tochter

Is „digital“ just another word for „online“?

Or is there a difference we need to understand?

Over the last 2 weeks more than 150 people provided feedback regarding my generic high level thoughts about (traditional) online banking versus digital banking. This post reflects the feedback I got and an updated thinking.

While there are more dimensions to consider I limit myself to the 8 most important ones:

Customer first

It all starts with the customer. Decades of high margins and profits made most traditional bankers and banks lazy. Instead of caring about the customer many banks cared about themselves, in the first place. While traditional online banks successfully pushed their products via TV, newspaper, branch staff, radio, Email, web site … to the customer they forgot about customer needs.

In contrast emerging digital banks focus mainly on digital customers and their needs, like high convenience and usability across digital devices and channels. Digital banks care about digital eco systems for a high digital customer experience and build digital products and services. Examples in retail banking are moven, simple, Fidor and Number26.

New digital products

To abandon product push and to focus on the digital customer does not mean digital banks do not need to care about products.

Digital banks enhance traditional products like account, money transfer, loans, securities by new products, services and convenient access channels like crowd, peer-to-peer, crypto, real time and API access.

Automated, straight through processes

Banks are early users of computer technologies and they have invested hundreds of billions of EUR and USD over the last 50 years. Many bank processes are still based on legacy hardware and software capabilities and designed for bank branches primarily. In the last 15 years traditional banks brought many of the legacy and paper-based products, services and processes to the web with minimal adaptions. This is the current state of online banking of traditional banks.

In contrast digital banking deploys processes that are specially designed for the web: 100% straight through, no queues, automated and with significant analytics and artificial intelligence capabilities. This enables e.g. international value transfers in seconds rather than hours or days. Ripple, Ethereum, Blockchain and Bitcoin are early providers and inventions we can observe.

Faster development

Traditional online banks mainly use traditional development models. E.g. the waterfall development and quarterly deployment releases are still predominant. This does not fit in the faster changing business environment banks live in. Actually such approaches demotivate talented IT people. And they are expensive, e.g. with respect to test efforts and results.

However digital banking companies develop agile, make use of design thinking, think about MVPs and deploy their software on a daily or weekly basis. This allows them to improve and adapt customer experience fast and to keep pace in the new highly competitive market place.

Right technologies

In most traditional banks technology is still striking. Given the age of their IT systems you will find any technology of each and every decade – from Cobol and IBM mainframe via Smalltalk and Unix server to Java and Intel grids. At the same time there are plenty of hardware and software instructions many IT people are not aware of. Overall traditional online banks are confronted with a mess of legacy technologies.

On the other hand the attackers – NewBanks and FinTechs – build their digital banking business models on a green field and from scratch. They can work with a reduce technology stack and can apply the right hardware and software tools for the respective specialized IT jobs. This attracts IT talent, too. As a consequence digital banks achieve high usability, high system performance, high scalability and low IT cost per user.

Legal opportunities

While most online banks applied many additional rules and procedures on top of existing laws digital banks search for minimum standards and gaps to compete with the incumbents. In some cases the new players stretch existing laws, test existing constraints and foster new laws. Digital signatures, digital contracts and virtual currencies are some examples where we see new laws.

Digital natives 

There are still many bank specialists who are trained on IT who work for traditional banks. As of today, many of them are in management positions and still lack the basic understanding of IT and the underlying concepts and dynamics. Internet, social media and mobile are foreign technologies and foreign behaviours to them – it is what their children are doing. Actually many IT specialists in traditional banks manage IT, they do not build it. Most are also social media and mobile immigrants! This is reflected in the current state of online banking of traditional banks.

In comparison digital banks hire digital natives – mainly. Actually they look for people who mastered the implementation of successful web business models, already. They look for real IT experts and nerds who never experienced a world without the Internet. Digital banks look for people who care about UX, speed, automation and scalability.

New leadership

Hierarchical organization models are the predominant way to run a traditional online bank. Most leaders of online banks do not have own coding experience and do not really understand how to create a pure digital bank business model across all functions, especially when it comes to digital customer engagement, UX, digital products and the underlying technology.

In contrast digital banks hire digital savvy leadership teams. Hierarchies are flat. Trail and error are accepted. Most of the leaders have a good own understanding of the digital customer, can envision digital banking products and have own coding experience. Technology is handled on eye level.

Frank Schwab, Co Founder FinTech Forum

7 Questions with Dorothee Fuhrmann, COO of Prophis Technologies

Veröffentlicht von admin@tochter

1. Who are you?

I am Dorothee Fuhrmann, COO of Prophis Technologies.

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

From the flood of internal and external data, Prophis identifies the key market, economic and risk developments that are likely to have the greatest impact on a particular portfolio and then facilitates deep data exploration, presenting results visually.

Prophis uses a proprietary data integration tool to capture complex linkages in a graph database and identify hidden transmission mechanisms in financial data. Our analytics continuously monitor the movements in countless financial indicators and estimate their impact on the performance of the specific portfolio. Our award winning front-end visualizes and prioritizes these developments in order of importance and enables users to explore them in greater detail.

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

Our founder, Charles Pardue, and I both worked extensively with banks and official institutions during the financial markets and sovereign crisis. We saw first hand the difficulties financial institutions faced to create a unified view of their exposures across the enterprise, both direct and indirect, and deliver these to decision makers and regulators in a timely and easily comprehensible manner. Prophis was founded to address these issues.

We have since expanded the functionality of our platform to also monitor the countless financial indicators, estimate the impact of changes on a specific portfolio and alerts users to the most important developments.

Prophis is cash flow positive and self-funded to date. In order to accelerate further expansion of functionality across our software platform, we are planning to start a capital raise in the autumn.

4. What were the biggest challenges in starting?

Early on we knew that we wanted to create a product that enables decision makers to focus on those exposures that are likely to have the greatest potential impact on the performance of the firm or portfolio. We also felt strongly that information and insights should be communicated in a compact and engaging way.

However, as a small firm, we knew that we first had to find an easy way to import large amounts of data from many different sources into our system, avoiding many of the pitfalls of existing ETL (Extract-Transform-Load) solutions. Our development team has focused extensively on this point and over the past 18 months has created a visual data integration tool that enables quick loading and a straightforward way to follow data lineage.

More generally though, creating enterprise class software is time consuming and complex. It requires a clear vision of a significant product as well as foresight and planning.

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

The development in graph databases over the last few years has been fascinating. They leave behind the old paradigm of locking data into rows and tables and instead finally allow us to model the relationships and influences in the world around us much more accurately with all the complexity, networks, connections and influences.

Graphs are used in social networks like Facebook to map and analyze the relationships between people. Law enforcement uses graphs to track down terrorists and identify fraud rings. The relationships within financial markets are no less complex: Assets, markets and economic factors are full of relationships, influences, correlations and causation, which can change over time and, at times, are hard to detect.

We believe that in 5-10 years the use of graph databases to model financial markets will be commonplace.

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

We see a wealth of opportunities for young FinTech companies in Continental Europe given the existence of multiple financial centers, each with its own focus and ecosystem.

While large firms tend to build most of their solutions in-house, many mid-size and smaller players are subject to the same regulatory and stakeholder pressure but will not have the same resources to build tools to address these. As a result, there is a greater willingness to establish relationships with external firms, including smaller ones like Prophis.

The more opportunities there are for FinTech start-ups to collaborate with financial institutions on actual challenges faced by the larger players the more meaningful the output from the emerging players will be.

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

Speaking for the enterprise space that we are operating in, it’s very helpful to connect with the vibrant FinTech community around you and leverage their contacts and insights to build relationships with potential customers early on. Joining the ecosystem of entrepreneurs, accelerators, financial institutions, FinTech industry groups and policy makers opens up a wide set of opportunities to accelerate the growth of your firm.

Newsletter, 05 September – 11 September 2015

Veröffentlicht von admin@tochter

FinReach raises 700,000 Euro funding

Im Rahmen des ProFIT-Programms der Investitionsbank Berlin fließen 700.000 Euro in FinReach, ein Start-up aus dem Hause FinLeap. FinReach ermöglicht Banken etwa einen digitalen Girokontowechsel-Service anzubieten.

http://www.deutsche-startups.de/2015/09/03/wunderflats-pixx-io-decimo-und-co-sammeln-geld-ein/

Decimo raises 6-digit funding

Startkapital: Ein “Intershop-Co-Founder”, den Namen will die Jungfirma nicht verraten, investiert einen sechsstelligen Betrag in Decimo. Das Berliner Start-up ist in Sachen Factoring für Selbstständige unterwegs. Decimo ist dabei ein “eigenständiger Factoring-Dienstleister mit eigener BaFin-Lizenz und nicht nur ein Vermittler”.

http://www.deutsche-startups.de/2015/09/03/wunderflats-pixx-io-decimo-und-co-sammeln-geld-ein/

Congratulations to Decimo, which presented at the 3rd FinTech Forum (Nov. 2014) as well as at the 5th FinTech Forum (Vienna, Jun. 2015). Read our 7 Questions with the founders.

FinLab invests in Deposit Solutions GmbH / COMONEA

FinLab and other investors support Deposit Solutions GmbH / COMONEA with EUR5.5 million of growth capital * Creation of a new, disruptive infrastructure for the European retail savings deposits market with decisive advantages for savers and banks Frankfurt am Main/Hamburg.

http://www.4-traders.com/FINLAB-AG-457286/news/FinLab-FinLab-invests-in-Deposit-Solutions-Gmb–FinLab-AG-FinLab-AG-invests-in-Deposit-Solutions-G-21004205/

FinTech Forum On Tour | InvestTech (25th Sep. / London) announces panel, keynote

Check out the twenty startups who were selected to present at our “On Tour” event. The panel – including Schroders, BNP Paribas, Balderton Capital , Accel Partners etc. – will discuss the topic “InvestTech Startups: Threat, Partners or Talent Pool for Incumbents?”. The keynote by the FCA Innovation Hub covers “An innovative approach to regulation, using the example of Robo Advisory”.

http://www.fintechforum.de/london/

Quantemplate Secures $8 mm in Financing

QuanTemplate Technologies (“QuanTemplate”) announces the successful completion of a £5.225 mm ($7.97 mm) equity fundraising and the appointment of Ron Carlier and Pascal Bouvier as directors of the board. The fund raise was led by Route 66 Ventures and supported by existing investor, Anthemis along with new shareholders to the company including, Transamerica Ventures (part of the Aegon Group) and Allianz Digital Corporate Ventures (part of Allianz SE).

http://db.ftpartners.com/TransactionDetail?QS=Quantemplate-Secures-8-mm-in-Financing&utm_source=feedblitz&utm_medium=FeedBlitzEmail&utm_content=646536&utm_campaign=0

TawiPay winner of first FinTech Pitch

TawiPay from Lausanne is the winner of the new FinTech contest Swiss FinTech Pitch. Runner-up is Crowdhose.ch.

http://www.startupticker.ch/en/news/september-2015/tawipay-winner-of-first-fintech-pitch?utm_source=newsletter161&utm_medium=email&utm_campaign=newsletter161

Swiss Fintech Accelerator Fusion Selects 10 Startups

Fusion, a Geneva-based project launched in February that seeks to boost promising fintech startups, as well as fostering the local fintech industry, has selected ten startups to join its fintech accelerator’s first class.

http://fintechnews.ch/632/fintech/swiss-fintech-accelerator-fusion-selects-10-startups/

Apply for The Barclays Accelerator

Applications for The Barclays Accelerator Powered by Techstars in London are open. Ten companies will be chosen for this prestigious UK-based program. Each successful startup will be given funding of up to $120K and have access to mentorship from two world class networks

http://barclaysaccelerator.com/

Friendsurance brings P2P concept to insurance

Since crowdsourcing became popular, the concept has been adapted to purchase real estate, lend money, and even fund tuition.These ideas flourished because the pioneers in each space saw inefficiencies that could be removed to create a better, more affordable process. Trim the unnecessary to leave the truly important.

http://www.banklesstimes.com/2015/08/30/friendsurance-brings-p2p-concept-to-insurance/

Mit Liqid macht nun auch Project A in FinTech

Im Start-up-Radar geht es heute um Liqid, ein digitales Family Office. Im Start-up-Radar stellt deutsche-startups.de ausschließlich junge Digitalfirmen vor, die demnächst an den Start gehen wollen und schon erste Lebenszeichen im Netz hinterlassen haben. Der Start-up-Radar ist somit ein Blick in die Zukunft.

http://www.deutsche-startups.de/2015/09/07/mit-liqid-macht-nun-auch-project-fintech/

Breite Allianz gegen Apple & Co. – Schweizer Banken machen beim Digitalen Bezahlen ernst

So wollen die Betreiberin der Börse, sechs Banken und Swisscom ihr digitales Bezahl-System Paymit zum Schweizer Standard machen. 

http://www.nzz.ch/nzzas/nzz-am-sonntag/breite-allianz-gegen-apple-co-ld.1782

Garanti Bank goes live with Naqoda’s Tax Engine

Naqoda today announced the go-live of its Tax Engine solution at Garanti Bank, Dusseldorf. The solution provides the bank with all the compliance requirements in terms of German withholding tax (aka Abgeltungssteuer) it is required to fulfil.

http://www.bobsguide.com/guide/news/2015/Sep/9/garanti-bank-goes-live-with-naqodas-tax-engine.html

Mit API zum Erfolg: Fidor Bank öffnet Schnittstellen für Kunden, Programmierer und FinTechs

FinTechs wie die smava GmbH profitieren von Programmierschnittstellen der Fidor Bank. 

http://www.presseportal.de/pm/64229/3117295

Speedinvest und Endeit machen sich in Deutschland breit

Der österreichische Frühphaseninvestor Speedinvest und die holländische Investmentgesellschaft Endeit Capital schauen künftig stärker nach Deutschland. Endeit will rund 107 Millionen Euro verteilen, Speedinvest plant 75 Millionen Euro zu investieren. Somit bieten sich viele neue Chancen für junge Start-ups.

http://www.deutsche-startups.de/2015/09/03/speedinvest-und-endeit-machen-sich-deutschland-breit/

Fintech is unbundling the universal banking model: three strategic questions to answer

In the ‘universal model’ banks typically offer a broad product portfolio in retail, private, commercial, investment and transaction banking, along with wealth and asset management and insurance.

https://innopay.com/blog/fintech-is-unbundling-the-universal-banking-model-three-strategic-questions-to-answer/

AWD-Gründer Carsten Maschmeyer sagt Fintech-Sterben voraus

AWD-Gründer und Startup-Investor Carsten Maschmeyer ist für markige Worte bekannt – dieses Mal trifft es die deutsche Fintech-Szene: „So wie es bei den Banken ein Filialsterben gibt, wird es auch ein Fintech-Sterben geben“, sagte Maschmeyer dem Manager Magazin.

http://www.gruenderszene.de/allgemein/maschmayer-basht-fintechs

Banken und Fintechs rücken zusammen

Keditinstitute und Fintechs haben erkannt, wo die Chancen und Risiken für gemeinsames Geschäft im Bankenmarkt liegen. Das zeigte die erste Konferenz zur Finanztechnologie in Frankfurt am Main.

http://www.springerprofessional.de/banken-und-fintechs-ruecken-zusammen/5932108.html

Why Germany’s banks are the most open in the world

Imagine if every time you wanted to use Google Maps you had to visit the Google Maps home page.You’re on a restaurant’s web site and you need the directions? Just exit the site, type in the Google Maps URL, enter the name of the restaurant and wait for the map to appear.

http://kontox.com/post/why-germany-s-banks-are-the-most-open-in-the-world

Brauchen Mittelständler eigentlich noch Banken für Kredite?

Starr, unflexibel und uniform: so sehen Kredite für KMU häufig aus. Dabei schwanken deren Einnahmen wie ein Boot auf hoher See. Flexibilität? Bei Banken Fehlanzeige. Zencap und Fleximize zeigen, dass es auch anders geht – mit enormem Potenzial, den Markt aufzumischen. 

http://www.finance-it-blog.de/hypes-trends-challenges/brauchen-mittelstaendler-eigentlich-noch-banken-fuer-kredite/

Banken schließen Zweigstellen – Nach dem Filialsterben kommt die Handy-Bank

Deutsche Geldhäuser schließen Hunderte Zweigstellen, um Kosten zu sparen, immer mehr Bankkunden nutzen Online-Angebote. Doch der Kahlschlag vor Ort überfordert viele Kunden – und auch manchen Banker.

http://www.wiwo.de/unternehmen/banken/banken-schliessen-zweigstellen-nach-dem-filialsterben-kommt-die-handy-bank/12267760-all.html

In Germany, Awareness of P2P Lending Lags UK By Three Years, And Lags US By Another Three Years

In Germany, investment crowdfunding is doing well–both debt-based and equity-based crowdfunding jumped notably in Q1 2015 versus Q4 of 2014, according to numbers from the German Crowdfunding Network.

http://www.crowdfundinsider.com/2015/09/73759-in-germany-awareness-of-p2p-lending-lags-uk-by-three-years-and-lags-us-by-another-three-years-video/

Switzerland is becoming a global fintech centre

FinTech is now one of the fastest growing industries in the country, which comes as no surprise given the country’s history as a banking hub.

http://www.startupticker.ch/en/news/september-2015/switzerland-is-becoming-a-global-fintech-centre?utm_source=newsletter161&utm_medium=email&utm_campaign=newsletter161

Kommt nach Fintech nun Renttech?

Casavi glaubt an eine Fintech-ähnliche Entwicklung der Wohnungswirtschaft. Das Startup arbeitet an einer Plattform, die nicht nur den Hausaushang ersetzen könnte.

http://www.gruenderszene.de/allgemein/casavi-immotech-peter-schindlmeier?utm_source=newsletter&utm_medium=newsletter&utm_campaign=daily&utm_term=casavi-immotech-peter-schindlmeier&utm_date=2015-09-09

7 Questions with Lars Reiner, Co-Founder of Ginmon

Veröffentlicht von admin@tochter

1. Who are you?

I am Lars Reiner, Co-Founder and CEO of Ginmon. Ginmon provides an automated investment solution which empowers private individuals to invest their money in an easy, secure and profitable way.

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

Our vision is to enable individuals to invest their money in a professional and profitable way, despite their level of assets or financial education.

Ginmons clients get an easy access to globally diversified portfolios of stocks and bonds with average expected returns between 5% and 7% p.a. The portfolio is designed to fit each client’s individual risk profile, which is determined by a concise questionnaire. Our service is provided in a transparent and cost-efficient manner, saving our clients on average 60% of the fees compared to traditional banks.
Our product is thereby the first choice for self-directed individuals who are looking for a time-efficient and smart way to invest their money.

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

As a previous banker, I’ve seen myself that traditional banks often do not act in the customer’s best interest. Cost-efficient and transparent investment products like ETFs are not actively introduced to retail clients because of their low margins – despite their superior investment returns.
Furthermore, Germans are well known for their limited participation in the stock market. In Germany, people have total savings of around 2.000 billion Euros held at interest rates below the inflation rate. These savings could generate much higher returns using a diversified portfolio of stocks and bonds.
In the light of these facts, I founded Ginmon to help private individuals to build wealth more efficiently, leveraging smart technology and an ETF-based investment solution. We have closed our first funding in autumn 2014 and have released our product to the public in May 2015.

4. What were the biggest challenges in starting?

In the past year, we have overcome many challenges to realize our vision, such as hiring the right team members, ensuring financing, and launching our technology platform on time.

The largest challenge we have faced in the past was to find the right bank to partner with. We expected a shared vision and a strong commitment from our partner to launch within the planned timeline. Today, we are very happy to work with our partner DAB/Consorsbank, Germanys largest direct broker.

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

B2C investment solutions are obviously my favorite. Due to low interest rates, private individuals loose purchasing power worth hundreds of billions in Euros every year in Germany alone. I truly believe this is where, from a macro-economical perspective, FinTech startups can provide the most value.

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

Compared to the US or UK, the DACH region is characterized by a very different investment behavior of its retail clients. Investments in global stocks are still relatively uncommon and private investor returns are thus on a comparatively low level. The largest opportunity is therefore to educate these clients to increase their exposure to global stocks while maintaining full diversification.

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

I recommend every FinTech entrepreneur to develop solutions that they would truly want to use for themselves.

 

Newsletter, 28 August – 4 September 2015

Veröffentlicht von admin@tochter

Record Deal for German (FinTech) Startup: Zencap

German online lender Zencap received a record $230-million cash injection from a U.S. investor, the most ever for a continental European startup. The CEO told Handelsblatt the money will propel Zencap into the big leagues.

https://global.handelsblatt.com/edition/253/ressort/finance/article/breaking-out-of-obscurity

SumUp Raises Another €10 Million to Boost Their mPOS Growth

A provider of mPOS technology, SumUp announced that they have closed a new €10 million funding round led by Groupon and BBVA Ventures.

http://www.financemagnates.com/fintech/payments/sumup-raises-another-e10-million-to-boost-their-mpos-growth/

Scalable Capital announces €4m investment

Scalable Capital announces investment Munich-based fintech startup Scalable announces its investments. €4 million were raised in January and April and came from Monk’s Hill Ventures, German Startups Group and MPGI.

http://venturevillage.eu/20150813-scalable?utm_date=2015-08-20&utm_source=weeky_newsletter&utm_medium=mail

FinTech-Startup PEY schließt Seed-Finanzierungsrunde ab

Das FinTech Startup PEY aus Hannover schickt sich an, die Krypto-Währung Bitcoins auch auf dem Lohnzettel von Mittarbeitern zu etablieren. Die jüngste erfolgreich abgeschlossene Seed-Runde bestätigt die Geschäftsidee des jungen Unternehmens

https://webmagazin.de/startups/fintech-startup-pey-schliesst-seed-finanzierungsrunde-ab-47446000

United Signals Bridges the Gap between Social Investing and Private Banking

German FinTech innovator in the investment area, United Signals, has unveiled a new structured product it has been working on in conjunction with Swiss Neue Helvetische Bank which is a white label partner of Saxo Bank.

http://www.financemagnates.com/forex/products/united-signals-bridges-the-gap-between-social-investing-and-private-banking/

Congratulations and best of luck to Scalable Capital and United Signals, who are among the 20 startups selected from all over Europe to present at the FTF On Tour | InvestTech event in London on 25th Sep.

Germany-Based Wirecard Bids $9.4 Billion for WorldPay

Last week, Germany based payment processor Wirecard AG joined the bidding for U.K. based World Pay Ltd., with bid of US$ 9.4 billion.

http://paymentweek.com/2015-8-31-germany-based-wirecard-bids-9-4-billion-for-worldpay-8201/

Deutsche Kreditbank relies on the Account-Switching Startup Finreach

Finreach fällt bei den vielen deutschen Fintechs ein wenig aus der Reihe – das Startup will den Banken nicht Paroli bieten. Vielmehr entwickeln die Berliner einen Dienst für die Geldhäuser.

http://www.gruenderszene.de/allgemein/dkb-kooperation-finreach?utm_source=newsletter&utm_medium=newsletter&utm_campaign=daily&utm_term=dkb-kooperation-finreach&utm_date=2015-09-03

Inviting Applications for The Barclays Accelerator

Applications for The Barclays Accelerator Powered by Techstars in London are open. Ten companies will be chosen for this prestigious UK-based program. Each successful startup will be given funding of up to $120K and have access to mentorship from two world class networks.

http://www.techstars.com/applications-open-for-barclays-accelerator-powered-by-techstars-in-london/

Wiener FinTech Start-up revolutioniert Bankberatung

baningo ist ein innovatives Start-up im Fintech-Bereich, welches die Qualität der Kundenbetreuung durch einen fairen und transparenten Vergleich von Bankberatern verschiedener renommierter Geldinstitute verbessern will.

http://unternehmen-heute.de/news.php?newsid=301337

Banken überzeugt: Barzahlen.de gewinnt Digital Banking Award bei „Banken im Umbruch“

Mit einer großen Mehrheit von 76% gewinnt die Cash Payment Solutions GmbH den Digital Banking Award in der Kategorie FinTech, der am 02.09.2015 im Rahmen der Veranstaltung „Banken im Umbruch“ des Euroforum in Kooperation mit dem Handelsblatt verliehen wurde.

http://www.it-finanzmagazin.de/banken-ueberzeugt-barzahlen-de-gewinnt-digital-banking-award-bei-banken-im-umbruch-18970/

Start-ups selected for first FinTech Pitch

August 27th at SIX Convention Point in Zurich, Swiss Finance + Technology Association (Swiss FinteCH) officially launches with its open, neutral FinTech contest Swiss FinTech Pitch. 10 companies have now been selected to pitch at the Event.

http://www.startupticker.ch/en/news/august-2015/start-ups-selected-for-first-fintech-pitch?utm_source=newsletter160&utm_medium=email&utm_campaign=newsletter160

Das Erfolgsrezept britischer FinTech-Start-ups

Trotz guter Bedingungen in Berlin haben es bisher nur wenige deutsche Gründer geschafft, auch international erfolgreich zu sein und Investoren aus dem Ausland zu überzeugen. Wie eine Business-Idee in kurzer Zeit international erfolgreich wird, machen in Europa Start-ups aus London vor.

http://www.deutsche-startups.de/2015/08/27/das-erfolgsrezept-britischer-fintech-start-ups/

Warum deutsche Banken schon verloren haben

Die fünf größten Fintech-Firmen weltweit sind wertvoller als die fünf größten deutschen Banken. Deren Strategie, zu warten und zuzukaufen, kann nicht aufgehen.

http://www.gruenderszene.de/allgemein/deutsche-banken-fintech-unicorn

Swiss Fintech Survey: Blockchain Tech Will Shape The Future of Financial Services

A new survey conducted by Swiss FinteCH, an association that aims to serve as the hub for the Swiss fintech scene, found that among 265 respondents, the majority believes that blockchain technology will most likely shape the future of financial services (~55), followed by payments innovations (~37) and robo-advisors (~35).

http://www.finanzprodukt.ch/finance-2-0/swiss-fintech-survey-blockchain-switzerland-fintech/?sthash.an1HXhLd.neUCoJwM.mjjo

Number26 im Test

Mit seiner App will Number26 den Banken zeigen, was ein modernes Konto können muss. Doch wie innovativ ist das Angebot wirklich?  Kasper Tobias Schlenk von Gründerszene hat Number26 getestet.

http://www.gruenderszene.de/allgemein/number26-app-test

Management-Anpassungen bei Lendico

Wie Gründerszene erfuhr, kam es bei Lendico zuletzt zu mehreren Personalwechseln im Management. Zum einen hat CTO Felix Haberland (Bild) das Unternehmen verlassen. Haberland sei allerdings nur interimsmäßig beim Fintech-Startup angestellt gewesen, wie Lendico auf Nachfrage angab.

http://www.gruenderszene.de/allgemein/personalien-management-lendico?utm_source=newsletter&utm_medium=newsletter&utm_campaign=daily&utm_term=personalien-management-lendico&utm_date=2015-09-01

Newsletter, 15 August – 21 August 2015

Veröffentlicht von admin@tochter

moneymeets raises €3.5mn in VC funding

Cologne-based FinTech startup Moneymeets announces a €3.5 million round. It was led by Swiss Woodman Asset Management AG. DvH Ventures, John Werner Madaus and Thomas May also joined the round. Being founded in 2012, Moneymeets is a platform that lets its clients manage their accounts, insurances and depots, as well as rate financial products and buy them for a discounted price.

http://venturevillage.eu/20150817-moneymeets

Congratulations and best of luck to moneymeets, which presented at the 1st FinTech Forum in Nov. 2013 as well as our 3rd event in Nov. 2014. Read our 7 Questions with Dieter and Johannes.

Cashboard raises €2mn in seed capital 

Um seine Crowd-Investoren ausbezahlen zu können, sammelte Cashboard VC-Geld ein. Jetzt steht fest: Insgesamt zwei Millionen Euro gibt es in der Seed-Runde.

http://www.gruenderszene.de/allgemein/cashboard-seed-finanzierung-zwei-millionen

Congratulations and best of luck to Cashboard, which presented at the 3rd FinTech Forum in Nov. 2014, and is also among the 20 startups selected for FTF On Tour | InvestTech (25th Sep. 2015 in London). Read our 7 Questions with Robert. 

eKomi acquires leading bank evaluation portal – BankingCheck

eKomi The Feedback Company, Europas führender Bewertungsdienstleister, bestätigt die Übernahme des auf die Finanzindustrie spezialisierten Bewertungsportals BankingCheck. Aus Boedger Media Solutions GmbH wird die BankingCheck GmbH.

http://www.bankingcheck.de/docs/presse/BankingCheck_Pressemitteilung_2015_08_19.pdf

Congratulations to BankingCheck, which presented at the 2nd FinTech Forum in May 2014. Read our 7 Questions with Daniel.

Outbank receives investments from Frank Thelen and Christian Reber

Investment: Scanbot-Macher und TV-Löwe Frank Thelen und 6wunderkinder-Gründer Christian Reber investieren in die bekannte und erfolgreiche Banking-App Outbank

http://www.deutsche-startups.de/2015/08/14/cashboard-parktag-und-spotted-im-millionenrausch/

FinTech Forum On Tour InvestTech announces 20 startups for London event

Twenty startups have been selected by the FTF On Tour team from across (mainly Continental) Europe to receive mentoring and introductions, present at an invite-only event on 25th Sep. 2015 in London, and win free space in the heart of London’s FinTech hub. The startups range from digital wealth managers, robo-advisors, social investing as well as crypto and big data / analytics players.

http://www.fintechforum.de/london/

Monetas in winners of the Swisscom StartUp Challenge

The five winners of the Swisscom StartUp Challenge have been selected: Archilogic, Ava, Gamaya, Gimalon and Monetas have won a business acceleration programme in Silicon Valley, with also the possibility of an investment or collaboration with Swisscom.

http://www.startupticker.ch/en/news/august-2015/winners-of-the-swisscom-startup-challenge?utm_source=newsletter158&utm_medium=email&utm_campaign=newsletter158 

Accenture and Leading Banks Invite Applications for Fourth Annual FinTech Innovation Lab London

Accenture and 16 leading financial institutions have opened the application period for the fourth annual FinTech Innovation Lab London, kicking off a search for the top financial technology innovators in the United Kingdom (UK), Europe and elsewhere. Fintech entrepreneurs developing disruptive new products, services and technologies are invited to apply from now through Sept. 18 at http://www.fintechinnovationlablondon.co.uk/applications.aspx.

Swiss Private Bank launches “Robo-Advisor”

Die PHZ Privat- und Handelsbank Zürich lanciert eine neue Digitalstrategie. Gleichzeitig operiert die Privatbank auch unter neuem Namen, wie ein Blick ins Handelsregister zeigt. Unter dem Namen Leodan Privatbank kombiniert das Institut eine automatisch generierte Anlagestrategie («Robo Advice») mit klassischer Beratung.

http://www.handelszeitung.ch/unternehmen/schweizer-privatbank-lanciert-roboter-berater-835613

Postfinance Hackathon zum Thema Fintech

Im Zentrum des zweiten Postfinance Hackathons steht das Thema „The Future of Finance“. Die Teams können Preise im Wert von 40‘000 Franken gewinnen. Zudem besteht die Möglichkeit, die Idee in Zusammenarbeit mit PostFinance mit einem Umsetzungskapital von CHF 50’000.- weiterzuentwickeln.

http://www.startupticker.ch/en/news/august-2015/postfinance-hackathon-zum-thema-fintech?utm_source=newsletter158&utm_medium=email&utm_campaign=newsletter158

Vaamo Finanz AG bringt iOS App auf den Markt

Die vaamo-App ist die erste App Deutschlands, die es ermöglicht mit nur 2 Klicks Geld in ein breit gestreutes Wertpapierportfolio zu investieren. Außerdem hilft sie unseren Kunden, ihre Sparziele nicht aus den Augen zu verlieren, sondern diese sicher zu erreichen.

http://blog.vaamo.de/2015/08/10/unsere-aktuelle-pressemitteilung-vaamo-finanz-ag-bringt-ios-app-auf-den-markt/

Geplante „Bank fürs Gemeinwohl“ Die Banklehre

In Wien haben ein Attac-Gründer und ein frustrierter Ex-Sparkassenchef denselben Traum: ein Geldhaus, das dem Gemeinwohl dient, nicht den Gewinninteressen einiger weniger.

http://m.tagesspiegel.de/geplante-bank-fuers-gemeinwohl-die-banklehre/12192688.html

Swiss-based Cashcloud AG listed on the General Standard in Frankfurt as from today

Basel, Switzerland, 8 June 2015. Swiss-based Cashcloud AG (cashcloud), a young fintech company that turns smartphones into electronic wallets, is listed on the General Standard of the Frankfurt Stock Exchange as from today, Monday. A total of 12 million bearer shares with ISIN CH0132106482 and WKN (German security identification number) A14NYB have been admitted to trading.

http://www.dgap.de/dgap/News/?newsType=&companyID=382779&newsID=878105

Stockender Start für Paydirekt, das neue Bezahlverfahren der Banken

Alle gegen Paypal: Die deutschen Banken wollten mit einem eigenen Online-Bezahlverfahren im Herbst starten. Nun gibt es den ersten Rückschlag.

http://www.gruenderszene.de/allgemein/paydirekt-paypal-sparkasse-verzoegerung?utm_source=newsletter&utm_medium=newsletter&utm_campaign=daily&utm_term=paydirekt-paypal-sparkasse-verzoegerung&utm_date=2015-08-17

15 junge Start-ups, die eine große Zukunft vor sich haben-Payever

Die heißen Start-ups aus der deutschen Hauptstadt stammen aus der Wired, die zukunftsträchtigen Jungunternehmen aus einer Erhebung von CB Insights.

http://www.deutsche-startups.de/2015/08/17/15-start-ups-mit-zukunft-10-heisse-berliner-start-ups/

Matthias Kröner CEO of Fidor Bank: Why isn’t bitcoin being executed by banks?

So far Fidor Bank of Germany is the only mainstream banking operation bold enough to put its money where its mouth is in respect of cryptocurrency.

http://www.ibtimes.co.uk/matthias-kroner-ceo-fidor-bank-why-isnt-crypto-being-executed-by-banks-1515760

Banken im Umbruch: Apps machen Banken Konkurrenz

Nervosität macht sich breit im Frankfurter Bankenviertel. Die Finanzkrise ist gerade so überstanden. Doch von Erleichterung keine Spur – der Todesstoß könnte von ganz anderer Seite kommen.

http://www.heute.de/banken-im-umbruch-durch-fintechs-start-ups-machen-banken-konkurrenz-39663316.html

Warum deutsche Banken mit ihrer Paypal-Alternative zu spät kommen

Deutschlands Banken haben im Jahr 2015 erkannt, dass sich dieses Internet wohl doch durchsetzt und wollen nun einen Konkurrenz-Dienst zu Paypal starten. Ein Angebot, das gut zehn Jahre zu spät kommt.

http://www.stern.de/wirtschaft/news/paydirekt–deutsche-banken-machen-paypal-konkurrenz-6380624.html

Interview with Companisto CEO & Co-Founder Tamo Twinge: New Venture Loans, FinTech Disruption & German Regulations

CEO and General Manager of Companisto Tamo Zwinge began his career as a lawyer, studying law at the Freie Universität Berlin and completing his legal clerkship in Berlin and Pretoria, South Africa. Afterward, he received a Master of Laws (LL.M.) degree in commercial law, specializing in International Company and Capital Markets Law, Corporate Governance, and International Sales and Finance at the University of Auckland, New Zealand.

http://www.crowdfundinsider.com/2015/08/72811-interview-with-companisto-ceo-co-founder-tamo-twinge-new-venture-loans-fintech-disruption-german-regulations/

Anlauf: Das neue „Anti-Angel-Gesetz“

Führt die geplante Gesetzesänderung zum Ende der steuerfreien Veräußerungsgewinne bei Startups oder kann die vorgesehene Ausnahmeregelung Abhilfe schaffen?

http://www.gruenderszene.de/allgemein/2-anlauf-das-neue-anti-angel-gesetz-kpmg/3

„Wir nehmen Steuern ein und zerstören damit Innovation“

Fintech-Start-ups haben hierzulande mit vielen Hindernissen zu kämpfen. Das Aktienrecht, die Steuergesetzgebung und nicht zuletzt der Regulator behindern die Innovationstätigkeit der Branche. Einige Politiker wollen jetzt handeln.

http://www.it-markt.ch/de-CH/News/2015/08/19/Wir-nehmen-Steuern-ein-und-zerstoeren-damit-Innovation.aspx

7 Questions with Mathias Wegmüller, Co-Founder and Head of Business Development of Qumram

Veröffentlicht von admin@tochter

(Qumram is among the startups selected to present at the FinTech Forum On Tour | InvestTech event on 25th Sep. in London.)

1. Who are you?

My name is Mathias, I am the Co-Founder and Head of Business Development at Qumram AG.

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

Qumram Q5 is a the Big Data platform for compliant cross channel recording, e-discovery and user experience intelligence to empower your digital business. The competitors are from the “Insight and Analytics” market, such as TeaLeaf (IBM) and “Archive and Compliance” market, such as Smarsh. We are the only Session Recording and Replay Technology to fulfill Compliance, Fraud prevention and User Experience needs.

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

We founded Qumram in 2011. It was a customer (big Swiss Insurance) who financed release 1.0. Since then we keep our boots strapped and are expanding our business alongside with our great customers.

4. What were the biggest challenges in starting?

We have to drive the demand in order to cross the famous chasm. The “Session Recording and Replay Technology” for compliance reason is a disruptive solution for records management. And records management itself is a conservative, risk avoiding discipline. But with high business potential in combination with fraud prevention and customer experience management.

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

There are two:
1st: When does the era of crypto-currencies start to have an impact? And will there be enough “raison d’être” for banks once the trusted third party is not required any more?

2nd. Why is Banking Software business still such a local one? The answer for the “why” has always been national regulations. Which FinTech can leapfrog the national regulations complexity and become global players?

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

A FinTech being successful in Continental Europe has already won customers in different countries and has knowledge in multinational regulations. This will help to accelerate expansion to UK, US and Asia. See my 2nd answer in question 5.

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

Be clear about our business model and the value you are generating with your product or service. Be aware the service fee model is under extreme pressure for all the FinServ companies. Just being more efficient and customer centric than the FinServ dinosaurs will just not be good enough. And ask your customer and their customer what they need.

Newsletter, 8 August – 14 August 2015

Veröffentlicht von admin@tochter

Fintech startup awamo raises $550k in funding for Uganda launch

Fintech startup awamo, which offers tech solutions to microfinance institutions, has closed its first funding round, raising EUR500,000 (US$550,000) in order to launch its mobile and biometric all‐in‐one‐solution for lenders in Africa, with Uganda the first port of call.

http://disrupt-africa.com/2015/08/fintech-startup-awamo-raises-550k-in-funding-for-uganda-launch

(Congratulations to Team awamo (then Biometric Credit Bureau) which presented at the 3rd FinTech Forum (Nov. 2014). Read our 7 Questions with the team behind awamo.

UBS launches global fintech competition

The UBS Future of Finance Challenge is for entrepreneurs or start-ups that could change the way finance works and how banks meet their client’s needs. The competition is open for submissions now. The global finals will take place in Zurich in December.

http://www.startupticker.ch/en/news/august-2015/ubs-launches-global-fintech-competition

SIX Group sets up fintech incubator

Swiss financial infrastructure provider SIX Group has set up a fintech incubator to work with startups on evaluating and developing innovative new products and services for the financial services industry.

http://www.finextra.com/news/fullstory.aspx?newsitemid=27730

CryptoFacilities: Von der Wall Street zum Bitcoin-Startup

Die Wall Street verliert Topleute an Bitcoin-Startups: Hochbezahlte Wall-Street-Manager verlassen ihre Jobs, um mit eigenen Startups vom Aufstieg der Internet-Währung zu profitieren. Allerdings nicht ohne Risiko.

http://www.handelsblatt.com/finanzen/maerkte/devisen-rohstoffe/top-management-von-der-wall-street-zum-bitcoin-startup/12168464.html

Radoslav Albrecht wants to change the way you think about P2P payments

Interview with Radoslav Albrecht, CEO of Bitbond, a P2P loan facilitator based in Berlin. Listen to his thoughts on the Bitcoin space, the future of money and how Bitbond could change the world.

https://blog.cubits.com/radoslav-albrecht-wants-to-change-the-way-you-think/

Strategiewechsel im Wochentakt – Endkampf oder Aufbruch bei Kreditech?

Was ist bei Kreditech los? Das Scoring-Startup hat sein Marketing drastisch zurückgefahren. Insider klagen: Es fehle an einer konsistenten Strategie.

http://www.gruenderszene.de/allgemein/kreditech-marketing-strategie-wochenfrist

A New Competition for Swiss Fintech Startups

Swiss FinteCH launches its open, neutral FinTech contest. Startups can win CHF 10’000 and a place in the FinTech Trade Mission to New York.

http://www.startupticker.ch/en/news/august-2015/a-new-competition-for-swiss-fintech-startups?utm_source=newsletter157&utm_medium=email&utm_campaign=newsletter157

Swiss banks join SIX and Swisscom to push mobile payments to the high street

SIX and Swisscom are collaborating with Swiss banks to introduce a universal mobile payment service for online and offline transactions nationwide.

http://www.finextra.com/news/fullstory.aspx?newsitemid=27688&utm_medium=NewsFlash&utm_source=2015-8-5

12 lessons from BBVA and Goldman Sachs: how banks should regard fintech

The theory of disruptive innovation was invented by Clayton Christensen (the most influential business thinker in the world, according to Thinkers50), of Harvard Business School, in his book “The Innovator’s Dilemma”. Mr Christensen used the term to describe innovations that create new markets by discovering new categories of customers.

http://fintechranking.com/2015/08/05/12-lessons-from-bbva-and-goldman-sachs-how-banks-should-regard-fintech/

Interview mit Karl Matthäus Schmidt “FinTechs werden für Umdenken in Chefetagen sorgen”

In kaum einer anderen Branchen entstehen derzeit so viele neue Start-ups wie im FinTech-Bereich. Die Gründe für diese Entwicklung und warum es großen Banken auch in naher Zukunft nicht zu gelingen scheint, auch digital zu erreichen, werden im Interview erläutert.

http://www.deutsche-startups.de/2015/08/12/fintechs-werden-fuer-umdenken-chefetagen-sorgen/

Co-Browsing for Financial Services Institutions

Focus Solutions Group Ltd and unblu announced today, that the companies signed an original equipment manufacturing (OEM) agreement under which Focus Solutions will bundle unblu´s co-browsing technology with their financial services distribution platform and tools.

http://www.startupticker.ch/en/news/august-2015/availability-of-market-leading-co-browsing-solution?utm_source=newsletter157&utm_medium=email&utm_campaign=newsletter157

millipay: Die Angreifer –Mikro Macher

Der Online-Dienstleister Millipay wickelt im Internet Kleinstbeträge ab und setzt sich so von der Konkurrenz ab. Dabei ist das Unternehmen letztlich sowohl Bezahldienst als auch Bezahlschranke, da nur derjenige Zugriff auf Inhalte hat, der bezahlt hat.

http://www.sueddeutsche.de/wirtschaft/die-angreifer-mikro-macher-1.2600931

millipay presented at the 4th FinTech Forum (Mar. 2105)

Verhindern Facebook-Freunde bald den Kredit?

Facebook wurde ein Patent genehmigt: Es ermöglicht Banken, die Kreditwürdigkeit von Facebook-Mitgliedern anhand der Freunde im Netzwerk zu bewerten.

http://www.gruenderszene.de/allgemein/facebook-patent-kredit

COBA AUF DEM WEG ZUR DIGITALEN INDUSTRIALISIERUNG?

Durch die Beteiligung am Fintech-Startup Iwoca will die Bank die eigene Digitalisierung vorantreiben. Das lässt aufhorchen. Von Dirk Elsner.

http://www.capital.de/meinungen/commerzbank-mit-iwoca-zur-digitalen-industrialisierung.html

Hohe Gehälter bremsen Fintech-Unternehmen aus

Die Bankenmetropole Frankfurt scheint für Fintechs wie gemacht. Doch die Startups gehen lieber nach Berlin. Denn auf der Suche nach Fachkräften müssen sie in Frankfurt mit den ganz Großen konkurrieren. Und verlieren.

http://www.handelsblatt.com/unternehmen/banken-versicherungen/banken-konkurrenten-hohe-gehaelter-bremsen-fintech-unternehmen-aus/12167710.html

Schweizer Banken reissen sich um reiche Asiaten

Asien soll die reichste Region der Welt werden. UBS, CS & Co. wollen davon profitieren. Mit riesigen Werbeplakaten, Aufstockung des Personals und Übernahmen werben die Banken um die Milliardäre.

http://www.bilanz.ch/unternehmen/schweizer-banken-reissen-sich-um-reiche-asiaten-434364