DGAP-News

FinTech Group AG subsidiary flatex cooperates with Deposit Solutions

DGAP-News: FinTech Group AG / Key word(s): Contract
FinTech Group AG subsidiary flatex cooperates with Deposit Solutions

20.01.2016 / 09:10
The issuer is solely responsible for the content of this announcement.

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- Overnight and fixed-term deposits of various banks are now available
for 150,000 flatex customers

- Unique one-stop-solution for a diversified portfolio strategy including
a wide range of top-yield deposit offers

Frankfurt am Main, Germany - More than 150,000 customers of the
online-broker flatex, a company of FinTech Group AG (WKN: 524 960, ISIN:
DE0005249601, Ticker Symbol: FLA.GR), can now access a wide range of
third-party overnight and fixed-term deposit products. Through a
cooperation with Deposit Solutions, a fintech start-up backed among others
by technology investor Peter Thiel, flatex customers can pick from deposit
offers of various financial institutions and add them to their portfolio,
just as they are accustomed to with any other security. For the first time,
German retail investors now are able to trade financial securities and
deposit products using the same current account.

By virtue of this cooperation, online-broker flatex is now the first and
only online broker in Germany covering all key elements of a diversified
portfolio strategy: a wide range of stocks, structured products, options,
mutual funds as well as overnight and fixed-term deposits - and all that
via one single account without the need to open various accounts at various
banks.

"Once again, we are able to position flatex as the pacemaker and innovator
in the online-brokerage business. At the same time, we are expanding the
value chain and the offer for our customers", Frank Niehage, CEO of FinTech
Group AG, said. "This is part of our efforts to enhance the passive side of
our subsidiary biw AG, our full-service bank behind flatex. We expect these
measures to make a contribution to our aim of reaching earnings before
interest, taxes, depreciation and amortization of EUR 35m in 2016."

"We are the only provider in the overnight and fixed-term deposits market
with a one-account-solution and hence the only platform as efficient and
easy to use as an online broker. Through this cooperation we give flatex'
customers access to our top yields", Dr. Tim Sievers, the founder and CEO
of Ddeposit Ssolutions said.

About Deposit Solutions

Deposit Solutions is the single-account-solution for German savers. The