checkAd

    DGAP-News  508  0 Kommentare FinTech Group AG: FinTech Group and Commerzbank form long-term strategic CFD partnership - Seite 2


    most active distribution partners for Commerzbank's structured product
    business. Now we can lead this partnership into a new dimension. We are
    excited to continue developing the CFD business together with Commerzbank
    and to focus on generating new clients via flatex" says FinTech Group Chief
    Executive Officer Frank Niehage. "Our transition to become Europe's leading
    infrastructure provider and operator for financial services technologies is
    in full swing. The partnership with Commerzbank provides further fuel in
    the form of liquidity, freeing up regulatory capital and - most importantly
    - state of the art solutions for our customers. For our shareholders this
    transaction means reduced risk as well as higher and more predictable
    earnings."

    Mario Furlan, Head of Retail CFD's at Commerzbank, comments: "We are very
    pleased about the partnership with FinTech Group. Combining our excellence
    in risk management and execution of CFD transactions and FinTech Group's
    strength and innovation in the retail market with its subsidiary flatex
    makes a lot of sense and will beneficial to both partners."

    About FinTech Group
    FinTech Group AG is one of Europe's leading financial services technology
    companies with two pillars: online retail banking and brokerage business
    under own brands (B2C); and white label banking business for third parties
    (B2B).

    In the B2C segment, the business's core brand is FLATEX with approximately
    150,000 private clients and assets under administration of approximately
    EUR4.8bn. The B2B business comprises XCOM Group (www.xcom.de), one of the
    most successful providers of software and technology solutions for banks
    and financial services companies in Europe, with more than 250 clients. The
    XCOM subsidiary BIW Bank (www.biw-bank.de) is licensed by the German BaFin
    to provide the full range of banking services and is affiliated to the
    Deposit Insurance Fund (Einlagensicherungsfonds) of the Bundesverband
    deutscher Banken e.V. (Federal Association of German Banks). For more than
    20 years, XCOM Group has been one of the most important technology and
    outsourcing partners of the German banking industry and today is also one
    of the most successful partners of Germany's rising fintech industry.

    www.fintechgroup.com

    Disclaimer:
    This release may contain forward-looking statements and information which
    Seite 2 von 3



    EQS Group AG
    0 Follower
    Autor folgen

    Verfasst von EQS Group AG
    DGAP-News FinTech Group AG: FinTech Group and Commerzbank form long-term strategic CFD partnership - Seite 2 DGAP-News: FinTech Group AG / Key word(s): Alliance FinTech Group AG: FinTech Group and Commerzbank form long-term strategic CFD partnership 16.06.2015 / 08:50 --------------------------------------------------------------------- - Commerzbank …