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    DGAP-News  538  0 Kommentare FinTech Group and Finotek engage in first German-Korean fintech joint venture

    DGAP-News: FinTech Group AG / Key word(s): Joint Venture
    FinTech Group and Finotek engage in first German-Korean fintech joint
    venture

    02.06.2016 / 20:54
    The issuer is solely responsible for the content of this announcement.

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    Corporate News / Frankfurt am Main, 2 June 2016


    FinTech Group and Finotek engage in first German-Korean fintech joint
    venture


    - FinTech Group and Finotek start cross-licensing of innovative
    technology solutions

    - FinTech Group contributes mobile-payment solution "kesh" to the joint
    venture

    - Finotek provides all-digital mobile-processed loan solutions and e-
    verification technology

    - Partnership boosts market access and technological capabilities on both
    sides in Europe and Asia


    Frankfurt, Germany - FinTech Group AG (WKN 524 960, ISIN: DE0005249601,
    FLA.GR) and Finotek Inc. start cross-licensing innovative technology
    solutions in the first European-Asian fintech joint venture. Today, FinTech
    Group AG was invited by the Korean government to sign the joint venture in
    the presence of Korea's president Park Geun-hye in Paris.

    Under the framework of the joint venture, FinTech Group provides access to
    its proprietary mobile-payment solution "kesh", a multi-facetted smartphone
    wallet, which allows peer-to-peer, POS, and online-payments. The "Made in
    Germany" solution is user friendly and has significant advantages in terms
    of flexibility, data security, and regulation. It is planned to market the
    solution under a white-label-agreement in Asia.

    Finotek, a B2B-specialist with renowned Korean clients both public and
    private, offers a number of all-digital mobile-powered solutions, which
    will be leveraged to expand FinTech Group's product portfolio in the
    European market. Finotek provides cutting-edge mobile banking solutions,
    which allow for remote internet banking services with real-time ID
    verification - a fully digital process without any media breaks. With
    "SmarterSign" Finotek also developed a biometric authentication solution
    for mobile-based e-signature verification and fraud prevention.
    Additionally, Finotek provides a cloud-based, fully-mobile, and real-time
    mortgage platform to complete a loan application in just 30 minutes.

    "We are very proud to join forces with our partner Finotek and build a
    bridge between two huge markets. This is the first German-Korean fintech
    joint venture, allowing to jointly seize business opportunities which make
    sense both technologically and commercially", comments Frank Niehage, CEO
    of FinTech Group AG.

    "We are proud that the joint venture with one of the leading German Fintech
    companies, the FinTech Group AG, pushes the German-Korean relationship to
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    DGAP-News FinTech Group and Finotek engage in first German-Korean fintech joint venture DGAP-News: FinTech Group AG / Key word(s): Joint Venture FinTech Group and Finotek engage in first German-Korean fintech joint venture 02.06.2016 / 20:54 The issuer is solely responsible for the content of this announcement. …