Tagged: frankfurt

German Authorities Reportedly Shut Down 47 Exchange Services Including Crypto Exchanges Used for Criminal Purposes

The Frankfurt am Main Public Prosecutor’s Office – Central Office for Combating Internet Crime (ZIT) – and the Federal Criminal Police Office ( BKA ) have shut down 47 exchange services hosted in Germany that were “being used for criminal purposes.” These were platforms on… Read More

Europe’s CaixaBank to Support Construction Financing of PPP Project Frankfurt Judiciary Center

CaixaBank and KfW IPEX-Bank are jointly providing HOCHTIEF financing for the interim construction financing of the PPP project Frankfurt (Germany) judiciary center. The project volume is in the low three-digit million range and “includes the parallel construction of two new judicial buildings in the Frankfurt… Read More

Germany’s Finance Minister Calls on EU Nations to Make Frankfurt the Seat of the Bloc’s Anti-Money Laundering Authority (AMLA)

Germany’s Finance Minister Christian Lindner on Thursday (November 9, 2023) called on European Union nations to choose Frankfurt as the seat of the bloc’s anti-money laundering authority (AMLA). Lindner stated that a decision to locate AMLA in Frankfurt is a key move in order to… Read More

SkySparc Implements OmniFi Solution for German Energy Firm Uniper on a Software-as-a-Service Basis via Microsoft Azure

SkySparc, an independent solutions provider, has implemented its OmniFi solution for German energy company Uniper on a software-as-a-service (SaaS) basis, via Microsoft Azure. Under this new outsourced service model, SkySparc reportedly “provides clients with all aspects of OmniFi’s functionality and maintenance remotely via the cloud,… Read More

Commerzbank, T-Systems to Deliver Automated Supply-Chain Financial Services

T-Systems and Commerzbank have signed a cooperation agreement “for collaboration in the industrial sector.” Together, the two companies are “developing a solution for fully automated supply chains with integrated financial services.” The Telekom subsidiary and the Frankfurt-based bank are “employing technologies such as 5G campus… Read More

DZ Bank Supports Collaborative Trade Finance with Surecomp’s RIVO

Surecomp recently announced that two financial institutions have subscribed to its newly launched RIVO platform “for collaborative trade finance.” DZ Bank is the first bank “to sign-up, alongside the leading provider of guarantee insurance in the Nordics.” Frankfurt-based DZ BANK – which also acts as… Read More

Fidelity Introduces Bitcoin ETP in Germany

After making numerous unsuccessful attempts in the US to get a Bitcoin ETF that tracks BTC spot price, Fidelity, one of the world’s largest asset managers, has now introduced such products in Canada and European markets. On Tuesday (February 15, 2022), Fidelity introduced a European… Read More

Berenberg Introduces Private Debt Real Estate Fund

  Berenberg has introduced its first private debt real estate fund in collaboration with Universal Investment Luxembourg. Universal-Investment-Luxembourg S.A. is a wholly-owned subsidiary of Universal-Investment-Gesellschaft mbH, Frankfurt am Main. The firm explains that they are independent – because the parent company’s shareholder Montgu Private Equity… Read More

Bank for International Settlements Appoints Raphael Auer as Head of Innovation Hub Eurosystem Centre

The Bank for International Settlements (BIS) has appointed Raphael Auer as the Head of Innovation Hub Eurosystem Centre. Auer is presently a principal economist in the Innovation and the Digital Economy division of the BIS’s Monetary and Economic Department. He has “contributed extensively to BIS… Read More

Fintech Firm Traxpay, which Offers Dynamic Discounting and Reverse Factoring Solutions, to Receive Investment from Deutsche Bank

Frankfurt-based Deutsche Bank AG, a multinational investment bank and financial services company that’s dual-listed on the New York Stock Exchange (NYSE: DB) and Frankfurt Stock Exchange (FWB: DBK) with around €1.3 trillion in assets, will reportedly be investing in Germany-based Fintech firm Traxpay. According to… Read More

U.S. Fintech Saas Company HighRadius Continues European Expansion with Opening of New Frankfurt, Germany Office

HighRadius, a U.S.-based fintech enterprise Software-as-a-Service (SaaS) company specializing in integrated receivables, announced on Thursday it has continued its European expansion efforts by opening its new Frankfurt, Germany office. Founded in 2006, HighRadius claims its HighRadius Integrated Receivables platform optimizes cash flow through automation of… Read More

UK’s Insurtech By Miles Secures £15 Million in Capital via Round Led by CommerzVentures

UK-based, By Miles, a pay-by-mile automobile insurance service provider, has secured £15 million in funding through a Series B investment round led by CommerzVentures. Existing investors Octopus Ventures, Insurtech Gateway and JamJar investments also took part in By Miles’ latest round. Established in October 2014… Read More

Digital Transformation: Deutsche Bank Is Accepting Bids from Amazon, Google, Microsoft to Help Upgrade its Legacy IT Systems

Deutsche Bank (NYSE:DB), a global investment bank and financial services company based in Frankfurt, Germany and dual-listed in New York Stock Exchange and Frankfurt Stock Exchange (with  €1.34 trillion assets), is reportedly inviting project bids from Amazon, Google and Microsoft in order to upgrade its… Read More

European Central Bank Partners with Digital Innovation Platform Reply to Offer AI and Machine Learning Coding Marathon

The European Central Bank (ECB) has partnered with Reply, a platform focused on digital innovation, in order to offer a 48-hour coding marathon, which will focus on teaching participants how to apply the latest artificial intelligence (AI) and machine learning (ML) algorithms. The marathon is… Read More

Plug and Play & TechQuartier Announce First Five Corporate Partners to Join Fintech Europe Innovation Platform in Frankfurt

Innovative platform Plug and Play, along with startup hub TechQuartier, announced on Monday that Aareal Bank, BNP Paribas, Deutsche Bank, DZ Bank and NETS Group are the first five corporate partners to join their fintech program based out of Frankfurt. According to the organizations, the partnership, known as “Fintech Europe,” will… Read More

Deutsche Börse Launches Fintech Hub

Deutsche Börse‘s Venture Network is seeking to help German startups by making the financing stage easier for both founders and investors. Their focus is on companies in the pre-IPO phase. This allows Deutsche Börse to support new companies with a true potential for a substantial impact… Read More

Update: iCradle’s COBI Continues to Be a Huge Hit on Kickstarter; Reaches Over $160,000 First Week

Last week, Frankfurt-based iCradle launched a crowdfunding campaign on Kickstarter to raise $100,000 for its new connected biking system, COBI. The project immediately became a huge hit, scoring its initial goal within four days. It is currently at $165,676 thanks to 842. COBI is considered a “world-first”… Read More

iCradle, Inc. Hits Kickstarter to Raise Funds For New Connected Biking System; Scores Nearly $66,000 in Two Days

On Wednesday (December 4th), Frankfurt, Germany-based iCradle, Inc. launched a crowdfunding campaign on Kickstarter to raise $100,000 for its device, COBI. The device is considered the world’s “smartest” connected biking system. According to its campaign, COBI adds over 100 intelligent features to any bike 0 with only… Read More

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