DGAP-News
FinTech Group AG: FinTech Group AG achieves turnaround in the first quarter 2015 - Seite 3
Austria. In the B2B space, the subsidiary CeFDex GmbH provides banks and
other institutional partners with efficient access to electronic trading in
CFDs around the globe.
In March 2015, the FinTech Group acquired a majority stake in the XCOM
Group, one of the most successful providers of software and technology
solutions for financial services companies. The XCOM subsidiary biw Bank is
licensed to provide the full range of banking services and a member of the
Association of German Banks also participating in the deposit insurance
fund. For more than 20 years, XCOM has been one of the most important
technology and outsourcing partners of the German banking industry and one
of the most successful partners of the rising German fintech sector. In
future, the B2C and the B2B segment shall evenly contribute to the growth
of FinTech Group. With innovation ingrained in the corporate DNA, an
entrepreneurial mindset, access to the capital market and full
accreditation to engage in banking activities, conditions are ideal for the
market launch of new technology based business models in the B2C area. In
the B2B business there are enormous growth opportunities due to the
disruptive changes in the German and European financial services sector.
All FinTech Group subsidiaries operate their own strategies under separate
brands in Germany and Austria. The Group is currently preparing to expand
individual subsidiaries into other European markets. The FinTech Group AG
performs central functions for the subsidiaries as a holding company. The
resulting efficiency gains will mean lower costs within the Group structure
and higher returns for the shareholders.
Disclaimer
This release may contain forward-looking statements and information which
may be identified with such formulations as "expects", "aims",
"anticipates", "intends", "plans", "believes", "seeks", "estimates" or
"will". Such forward-looking statements are based on our current
expectations and certain assumptions which may be subject to a variety of
risks and uncertainties. The results actually achieved by FinTech Group AG
may substantially differ from these forward-looking statements. FinTech
Group AG assumes no obligation to update these forward-looking statements
or to correct them in case of developments which differ from those
anticipated.
Contact FinTech Group AG:
FTI Consulting
Roman.Kessler@fticonsulting.com
+49 69 92037-136 direct
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Language: English
Company: FinTech Group AG
E.-C.-Baumann-Str. 8a
95326 Kulmbach
Germany
Phone: 09221/952-0
Fax: 09221/6058234
E-mail: info@fintechgroup.com
Internet: www.fintechgroup.com
ISIN: DE0005249601
WKN: 524960
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Munich,
Stuttgart; Open Market (Entry Standard) in Frankfurt
End of News DGAP News-Service
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