DGAP-News
FinTech Group AG subsidiary flatex cooperates with Deposit Solutions - Seite 2
savings-application is a trademark of the Deposit Solutions GmbH. The
FinTech company has its headquarter in Hamburg and provides the first open
architecture for daily call money and fixed term deposits in Europe. Since
2011 the company has already mediated deposits in excess of Euro 1 billion
with its specialized b-to-b applications for savings and time deposits.
Its proprietary technology is unique in Europe and allows banks seeking
retail funding to list their savings offers on an open architecture
platform. Other banks on the platform can market those offers directly to
their own clients who can use them without having to open a new account at
another bank. In addition, the daily and fixed deposit rates of partner
banks are marketed under the own retail service ZINSPILOT since 2014
directly to savers. Banks can be connected to the service platform
ZINSPILOT or use white label applications for the integration of the
open-architecture solution in its retail infrastructure.
About FinTech Group AG
FinTech Group AG (WKN: 524 960, ISIN: DE0005249601, Ticker Symbol: FLA:GR)
is one of the most significant innovative financial technology companies in
Germany. Our B2C brands service a total of 200,000 private clients, and
with our B2B business we are important technology partners for German and
international banks and financial institutions. As of the end of June 2015,
FinTech Group AG had EUR 5.68 billion in assets under administration
group-wide.
FinTech Group AG's goal is to become the leading European provider of
innovative financial services technologies. Our earnings before interest,
taxes, depreciation, and amortization (EBITDA) amounted to EUR 11.8 million
in the first half of the year 2015.
Our wholly owned subsidiary flatex GmbH has been one of the innovation
leaders in the German online brokerage market for years. Over 140,000
private clients both in Germany and internationally have chosen flatex'
clear and transparent pricing model.
XCOM AG, in which we hold a majority interest, was founded in 1988 and is a
German pioneer in the area of financial technology. Today, XCOM AG is one
of the most successful software and technology providers for banks and
financial institutions.
biw Bank für Investments und Wertpapiere AG, which is also owned by the
Group, has a full-service banking license and is the backbone of our
banking services. It also serves as outsourcing partner for other
well-known banks ("white label banking services") and is one of the most
modern online banks in Europe..
FinTech Group AG is also an important partner for many young fintech
FinTech Group AG (WKN: 524 960, ISIN: DE0005249601, Ticker Symbol: FLA:GR)
is one of the most significant innovative financial technology companies in
Germany. Our B2C brands service a total of 200,000 private clients, and
with our B2B business we are important technology partners for German and
international banks and financial institutions. As of the end of June 2015,
FinTech Group AG had EUR 5.68 billion in assets under administration
group-wide.
FinTech Group AG's goal is to become the leading European provider of
innovative financial services technologies. Our earnings before interest,
taxes, depreciation, and amortization (EBITDA) amounted to EUR 11.8 million
in the first half of the year 2015.
Our wholly owned subsidiary flatex GmbH has been one of the innovation
leaders in the German online brokerage market for years. Over 140,000
private clients both in Germany and internationally have chosen flatex'
clear and transparent pricing model.
XCOM AG, in which we hold a majority interest, was founded in 1988 and is a
German pioneer in the area of financial technology. Today, XCOM AG is one
of the most successful software and technology providers for banks and
financial institutions.
biw Bank für Investments und Wertpapiere AG, which is also owned by the
Group, has a full-service banking license and is the backbone of our
banking services. It also serves as outsourcing partner for other
well-known banks ("white label banking services") and is one of the most
modern online banks in Europe..
FinTech Group AG is also an important partner for many young fintech