Tagged: germany

October 24, 2019 @ 7:05 am By Omar Faridi  |  

Commerzbank, Deutsche Börse and MEAG, the asset manager of Munich Re and ERGO, are examining and assessing the scope of distributed ledger technology (DLT) in post-trade services.  The partners recently performed the settlement of a legally binding secondary market securities transaction through tokens. Frankfurt-based Commerzbank,… Read More

October 22, 2019 @ 8:01 am By Omar Faridi  |  

Payments processing firm Wirecard (WDI.DE) has commissioned an independent audit of its accounts by professional services firm KPMG. The audit is being performed to address questions related to allegations of improper accounting by Wirecard’s management.  The audit will commence immediately according to a statement by… Read More

October 22, 2019 @ 2:34 am By JD Alois  |  

creditshelf Aktiengesellschaft, a peer to peer lender providing financing options to German SMEs, says that more loans have been originated on its platform in the 9 months of 2019 than all of 2018. According to creditshelf, loan volume through the past 9 months stands at… Read More

October 18, 2019 @ 2:54 pm By Omar Faridi  |  

Nearly three-quarters, or 75%, of German consumers said they would not use Facebook’s controversial stablecoin Libra, according to a recent survey Out of 2000 Germans, aged 16 and over, that were questioned, only 27% said they might consider using Libra to conduct local or international… Read More

October 16, 2019 @ 10:36 pm By Cali Haan  |  

The latest Financial Times coverage is casting further doubt on the profitability and integrity of operations at the German payments giant Wirecard. (WDI.DE) Wirecard, for its part, has countered that FT journalists are engaging in collusion with short sellers to devalue the company. In response… Read More

October 14, 2019 @ 3:21 pm By Samantha Hurst  |  

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Friday it has launched a new installment payment plan for online shops in Germany. According to Wirecard, the new offering is available through its digital financial commerce platform, benefits both merchants and consumers thanks… Read More

October 9, 2019 @ 8:46 am By JD Alois  |  

Huge German real estate developer, Bauwens Group, has invested in security token issuance platform Fundament Group ostensibly with the intent of issuing digital assets backed by real estate. Details on the investment were not disclosed. Bauwans Group has an estimated €6.7 billion in managed project… Read More

October 8, 2019 @ 2:41 pm By JD Alois  |  

Deutsche Handelsbank has appointed two co-CEOs. Deutsche Handelsbank is an interesting institution that is focused on Fintech. Originally launched as a payment transaction service provider, today the bank provides SME loans, including factoring, as well as savings accounts. On top of this, Deutsche Handelsbank provides… Read More

October 8, 2019 @ 8:11 am By JD Alois  |  

In partnership with Raisin, Yolt has launched access to competitive savings accounts in the UK, Italy and France. Raisin announced a new relationship with Yolt this past summer. Yolt users may now apply for a Raisin account accessing a range of deposit products, select from… Read More

October 4, 2019 @ 12:05 pm By Omar Faridi  |  

BayernLB (Bavarian State Bank), a publicly regulated bank in Munich, Germany, recently published a report that analyzes the claim made by some investors that Bitcoin is outperforming gold. The report states that the “hardness” of an asset in the traditional commodities market is determined using… Read More

October 1, 2019 @ 5:18 pm By JD Alois  |  

Bitbond, the first security token offering in Germany to have its prospectus approved by Bafin, has issued its first on-chain coupon payment according to a tweet. Bitbond is a unique global online lender that recently completed a security token offering (STO) for a debt offering… Read More

October 1, 2019 @ 9:22 am By Omar Faridi  |  

WEG Bank AG, a German bank that’s partly owned by blockchain-related organizations Nimiq, TokenPay, and the Litecoin Foundation, is reportedly preparing to accept cryptocurrency transactions on behalf of its clients next year.  WEG Bank AG CEO Matthias von Hauff said that the bank’s program is… Read More

September 26, 2019 @ 1:04 am By JD Alois  |  

Online lender Kreditech has raised €20 million in its latest funding round, according to a note from the company. Apparently, the additional capital will help the Fintech scale globally in its goal to provide credit to near-prime customers. The funding was co-led by Runa Capital… Read More

September 20, 2019 @ 9:17 am By JD Alois  |  

Peer to peer platform Robo.cash has published a report indicating growing interest from Germany regarding P2P lending. In a study conducted by the platform, the company said that in 2015 the monthly number of requests related to P2P lending in the country was less than… Read More

September 20, 2019 @ 7:23 am By JD Alois  |  

Berlin based digital bank Penta has announced that after only 18 months of operation it has acquired over 10,000 business customers. User numbers have increased over 200% in the past two months, according to a release. Penta is a partner of Berlin-based solarisBank. In August,… Read More

September 19, 2019 @ 7:01 am By Cali Haan  |  

As part of a “blockchain strategy” passed Wednesday, German Chancellor Angela Merkel’s cabinet has forbidden the issuing of currencies by private companies, Reuters reports. The move is likely a direct response to the announcement of Facebook’s Libra, a proposed in-app “stablecoin” cryptocurrency the company plans… Read More

September 19, 2019 @ 1:30 am By JD Alois  |  

According to reports, the German cabinet announced its blockchain strategy today. The Economy Minister Peter Altmaier and Minister of Finance Olaf Scholz both said they see huge potential related to blockchain technology. It is believed that the energy sector can benefit from blockchain but the… Read More

September 16, 2019 @ 8:36 am By Omar Faridi  |  

Security token offering (STO) platform Neufund has received regulatory clearance from the Financial Monetary Authority (FMA) in Liechtenstein to offer securities to retail investors.  The first retail issuer on Neufund is Greyp, an electrical mobility platform that is backed by Porsche, Camel Group and T-mobile…. Read More

September 15, 2019 @ 12:16 pm By Omar Faridi  |  

Germany’s government has spoken against the authorization of the ongoing development of Facebook’s controversial stablecoin project Libra in Europe. Christian Democratic Union parliamentarian Thomas Heilmann, who’s responsible for creating CDU’s policies on blockchain technology, said the German government will not allow projects like Libra to… Read More

September 6, 2019 @ 12:24 pm By JD Alois  |  

Germany based investment crowdfunding platform aescuvest has kicked off pan-European securities offerings with Surge On Medical. The Dutch Medtech has developed technology aimed at setting new standards in precision and robotic surgery. Surge-On seeks to raise up to €5 million on aescuvest. A launch event,… Read More