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FinTech Group AG: Great entrepreneurial potential for Fintechs in Germany

DGAP-News: FinTech Group AG / Key word(s): Market Report
FinTech Group AG: Great entrepreneurial potential for Fintechs in
Germany

18.05.2015 / 10:14

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/Press Release/Frankfurt, 18 May 2015

Great entrepreneurial potential for Fintechs in Germany

- biw and XCOM provide pump-priming help with regulatory and technical
solutions

The finance technology sector is frequently referred to as Fintech and in
Germany it is increasingly developing into a growth market. Alongside
mature providers such as auxmoney, kesh, Savedo and Zinspilot, a lively and
promising start-up scene has also developed in Germany. FinTech Group AG
(WKN 524 960, ISIN: DE0005249601, Kürzel: FLA.GR) is anticipating
significant business potential over the coming years thanks to the boom in
new finance technologies.

biw Bank für Investments und Wertpapiere AG and XCOM AG, two subsidiaries
of FinTech Group AG, are already providing one-stop solutions with
leading-edge finance and technology expertise for new providers in Europe.
They offer banking, technology and regulation solutions as a service for
everyone and also give assistance as a proactive partner in helping
newcomers to get good fintech ideas ready for market. The customer-friendly
innovations relating to virtually all money matters are based on these
services.

"A plethora of young companies in Germany are currently working on
outstanding ideas. The potential is enormous," said Björn Jüngerkes, Head
of Business Development at biw AG. "We are communicating closely with many
innovative Fintech developers. There will come a time soon when the top
dogs in the financial sector will have to adopt a more robust approach
because the newcomers are creative and agile. Our banking services allow
them to concentrate entirely on their customers."

The first Bankathon in Frankfurt am Main recently indicated just how
creative and flexible the Fintech start-ups really are. biw AG sponsored
the event with the aim of promoting the Fintech scene in Germany and
discovering new talent. Teams of innovative product developers and
programmers took part in a development marathon lasting 30 hours. Their
objective was to develop prototypes for banking products of the future. The
participants took a more customer-centric approach than was typically the