Tagged: germany

May 22, 2019 @ 3:11 pm By Samantha Hurst  |  

On Tuesday, the Federal Financial Supervisory Authority (BaFin), Germany’s supervisor of banks, financial services providers, insurance undertakings, and securities trading, reportedly published an order for N26 to remove backlogs in IT monitoring in order establish process descriptions and workflows in writing. In response to the… Read More

May 21, 2019 @ 7:20 am By JD Alois  |  

Raisin, a Fintech that has taken a simple concept of removing geographic barriers for savers seeking a better return on their money, is finally crossing the Atlantic to enter the massive US market. Germany based Raisin has selected Paul Knodel as US CEO as it… Read More

May 20, 2019 @ 2:00 am By Therese Torris  |  

The German Crowdfunding Association, the federal industry association which represents 85% of the German crowd investment market, welcomed last week the adoption by the German Parliament of the new and improved legal framework for crowdinvesting, albeit with a few regrets. Major Expansion of the Scope… Read More

May 17, 2019 @ 7:13 am By JD Alois  |  

Competition for Robo Advisors Raisin, a Fintech that provides better access to higher interest rates for savers, is expanding the line of its services with a new product that will make investing easier for everyone. First starting on Weltsparen, Raisin’s platform serving Germany, the company… Read More

May 17, 2019 @ 1:50 am By JD Alois  |  

illimity, a banking start-up listed on Borsa Italiana’s MTA exchange, has formed a partnership with Raisin, Fintech marketplace for online savings and investments in Europe. illiminity is a “new generation Italian bank” formed by the merger between SPAXS and Inter-provincial Bank. It plans to reach… Read More

May 14, 2019 @ 10:10 am By JD Alois  |  

creditshelf Aktiengesellschaft (CSQ.F), a Fintech marketplace for small and medium-sized enterprises (SMEs) in Germany, has held its first annual general meeting in Frankfurt am Main following its IPO in July 2018. The company reports solid shareholder participation as 52.16 % of share capital was represented… Read More

May 5, 2019 @ 6:20 pm By Cali Haan  |  

Police in Germany and the US moved in this week to arrest three men in Germany they believe operated “Wall Street Market,” the world’s second largest Dark Net market for drugs and other illicit products, The Telegraph reports. Two more men associated with the case,… Read More

April 30, 2019 @ 11:44 am By JD Alois  |  

BlockState, a new Switzerland based tokenization platform, has announced the first security token offering (STO) from Berlin-based Streetlife International. BlockState is an online capital formation platform for privately owned assets. The company says it will tokenize assets under existing Swiss regulation. The first STO is… Read More

April 29, 2019 @ 7:42 pm By JD Alois  |  

A document recently published by the Fintech Council of the German Federal Government has outlined the country’s potential approach to blockchain technology. The document is a consultation entitled “Stellungnahme des FinTechRat zur Blockchain-Strategie der Bundesregierung im Rahmen der öffentlichen Konsultation.” The “FinTechRat” is an advisory… Read More

April 22, 2019 @ 8:22 am By JD Alois  |  

Digital investment bank wevest has announced it has selected Stellar as its preferred iteration of blockchain for issuance of security tokens. In a blog post, the Berlin-based Fintech stated: “After extensive diligence and testing, wevest has identified Stellar as the most suitable platform for its… Read More

April 17, 2019 @ 10:35 pm By JD Alois  |  

It is not just disruptive startups that are looking to create value in the digital asset sector. More traditional firms are taking the plunge, dedicating capital and investing in the future of finance. In the secondary market and primary issuance sector, there are numerous young… Read More

April 17, 2019 @ 5:56 pm By JD Alois  |  

Bitbond announced the first BaFin approved security token in February. The digital asset, BB1, is a debt based offering with a targeted return of 8% per annum which includes a 4% coupon and a participation percentage (60%) baked into the crypto. BBI was issued with… Read More

April 16, 2019 @ 8:01 am By JD Alois  |  

Commerzbank has partnered with Fintech Raisin to provide the first deposit portal for corporate clients in Germany. Raisin, in a release, said that their service has gained in popularity with consumers and now corporate clients are jumping in. Commerzbank is Germany’s largest bank in the… Read More

April 7, 2019 @ 8:13 pm By Cali Haan  |  

An on-the-ground investigation by London news outlet Financial Times has shown that several payment referral partnerships maintained by German payments giant Wirecard in the Philippines are either insubstantial or dubious. On Friday, it was revealed that a top accounting executive with the firm had departed…. Read More

April 2, 2019 @ 11:05 am By Samantha Hurst  |  

FinLeap, the fintech start-up platform behind Germany’s SolarisBank, announced on Tuesday it has acquired digital business banking solution, Penta. According to FinLeap, Penta offers fast and easy business banking for digital companies. Penta, which counts over 5,500 digital businesses like AirHelp, bepro11, and Global Digital… Read More

March 27, 2019 @ 9:30 am By Therese Torris  |  

At the InnoFinance Summit 2019 on March 26, 2019, the German Crowdfunding Association  (Bundesverband Crowdfunding) introduced its new “Transparency Seal”. The Transparency Seal is a self-regulatory label awarded by the association to member platforms which respect a set of quality and customer protection standards. With this… Read More

March 22, 2019 @ 2:06 am By JD Alois  |  

First Data (NYSE:FDC), has acquired ayCash, a Germany-based provider of cashless payment terminals and digital merchant services. A First Data representative said ayCash has a growing client base, serving the increased demand for cashless technology in Germany and the region. Founded in 2008 by Hans… Read More

March 18, 2019 @ 10:54 am By JD Alois  |  

Bitbond, an online lending platform, has launched one of Germany’s first Security Token Offerings (STO). The Bitbond STO has published a BaFin approved Prospectus in conjunction with the offering representing an important step in the validation of the emerging digital asset ecosystem. The Bitbond STO… Read More

March 13, 2019 @ 11:50 am By Samantha Hurst  |  

wefox Group, a Germany-based insurtech firm, has successfully secured $125 million through its Series B funding round. China-based fintech CreditEase reported that its direct investment arm, CreditEase Fintech Investment Fund (CEFIF) participated in the round, with Goldman Sachs International acting as a private placement adviser… Read More

March 13, 2019 @ 8:55 am By JD Alois  |  

Deutsche Börse, Swisscom and Sygnum are partnering on the creation of a “trusted digital asset ecosystem” to build a platform to provide digital asset issuance, liquidity and banking services. The partnership is indicative of the growing acceptance by mainstream finance regarding the potential of distributed… Read More