Global Fintech Hubs Federation

FMF Founding Member of Global FinTech Hubs Federation

Frankfurt Main Finance is excited to announce becoming a founding member of the Global FinTech Hubs Federation, an initiative supported by Innovate Finance and Innotribe. The Global FinTech Hubs Federation is an independent and inclusive global network of emerging and established FinTech hubs to help foster innovation across the world’s financial services industry. Hubertus Väth, Managing Director of Frankfurt Main Finance, explained Tuesday that, “This is another important step in Frankfurt Main Finance’s work to position Frankfurt as a global destination for FinTech. We look forward to working closely with the UK’s Innovate Finance and SWIFT’s Innotribe, both exemplary initiatives for advancing FinTech around the globe. FinTechs play an increasingly critical role in the finance industry and therefore, their advancement is of the utmost importance for the Financial Centre Frankfurt.”

Frankfurt Main Finance is no stranger to promoting FinTech. As the initiator of Dialogforum FinTech Frankfurt Rhein-Main, FMF worked to develop FinTech ecosystem in the region today. Part of Dialogforum’s work will culminate with the opening of Frankfurt’s new large-scale FinTech Centre, Tech Quartier, in October 2016. Supporting numerous initiatives across the region, Frankfurt Main Finance has facilitated cooperation and dialogue between entrepreneurs, academics, regulators, politicians and financial institutions to advance the Financial Centre Frankfurt as a destination for FinTech and innovation. Furthermore, in May 2016, Frankfurt Main Finance dedicated its flagship event, the Frankfurt Finance Summit, to exploring trends in digitalisation and FinTech. Titled On the Move – the Future of Finance, central bankers, politicians, regulators and executives met there to discuss the current trend of digitalisation and it’s consequences for the industry.

Expanding International Network with Global FinTech Hubs Federation

As the FinTech sector develops globally, it is creating a growing international community. The Global FinTech Hubs Federation is bringing together FinTech hubs to provide a neutral, cross-border platform to encourage greater collaboration, engagement and knowledge sharing in this growing global community. In addition to work within the region, Frankfurt Main Finance strives to maintain and develop relationships with other FinTech and financial centres around the world. This international network has advanced understanding and cooperation between FinTech centres and allowed for a productive dialogue to address the needs of young FinTech companies in a global environment. “We actively support German FinTech companies to expand internationally. Via our global network, we help them to easily find peers, clients and investors in our partner hubs. Furthermore, we welcome international FinTech companies in Frankfurt Rhine-Main. Frankfurt, the leading financial center of the Eurozone, offers them first-class infrastructure as well as easy access to capital, talent and regulatory know-how. Via the Global FinTech Hubs Federation, we will broaden our network and we are very much looking forward to sharing knowledge and to cooperate with other leading FinTech hubs and communities,” says Dr. Jochen Biedermann, Senior Advisor to Frankfurt Main Finance.

FinTech in Frankfurt Rhein-Main Region

Over the past years, the Frankfurt Rhein-Main region has distinguished itself as a dynamic centre for fostering FinTech innovation and growth. According to a 2016 study by consulting firm EY, the number of FinTech companies in the region rose by 22% in 2015 to 56 at the beginning of 2016. The study also shows a huge increase in investment in German FinTech companies, which totalled 1.2 billion Euros in 2015. Furthermore, the Financial Centre Frankfurt is home to several FinTech centres, including the forthcoming Tech Quartier, Main Incubator, FinTech Headquarter, Deutsche Börse Venture Network’s FinTech Hub, Accelerator Frankfurt and Goethe University’s Unibator.

16 September 2016: Joint ESAs’ Consumer Protection Day

The Joint Committee of the European Supervisory Authorities (ESAs) is pleased to announce that the 4th “Joint ESAs Consumer Protection Day” will take place on 16 September 2016 in Paris. For the first time, the ESAs will livestream the event so that the content is available to everyone. The event aims to promote exchanges of views on consumer protection topics between regulators, consumer representatives and the finance industry.

Since its inception, the Consumer Protection Day has become an important milestone for stakeholders across the EU that have an interest in the topic of consumer protection. In June 2015, the third annual Joint ESAs Consumer Protection Day hosted by the European Insurance and Occupational Pensions Authority (EIOPA) in Frankfurt attracted over 300 consumer representatives, academics, consultants, national supervisors, experts from EU institutions and members of the financial services industry.
Consumer and investor protection is a common statutory objective of the three ESAs – the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA) and EIOPA. The Joint ESAs Consumer Protection Day aims to gather consumers, regulators and industry participants together to discuss consumer protection-related issues in the financial services area.

Picture: ESA Joint Committee

Frankfurt Main Finance Cup 2016: Eintracht bests Celta De Vigo 3:1

For the third year, the football season opened in the Financial Centre with the Frankfurt Main Finance Cup. This year’s Cup pitted the Spanish RC Celta de Vigo against hometown heroes Eintracht Frankfurt in a friendly match on Sunday, August 14, 2016. The event has become a favorite for families and football fans across the region, who look forward to the events surrounding the game. This year fans enjoyed autograph and photo sessions with their favorite players as well as a presentation of this season’s team and their new home jersey.

Finance meets Football at the Alte Oper

The previous evening, Saturday, August 13, representatives of the Financial Centre and the city celebrated the Frankfurt Main Finance Cup at a reception in the Alte Oper. They were joined by the players and coaches from Eintracht Frankfurt as well as Celta de Vigo. In short podium discussion with Fredi Bobic, Eintracht trainer Nico Kovač expressed his optimism for the upcoming season. Representing Frankfurt Main Finance, Managing Director Hubertus Väth emphasized the importance of football for the Financial Centre and the finance industry for football. “Again the Frankfurt Main Finance Cup is sending the message from the Financial Centre that both the financial sector and Eintracht are playing in the international spotlight. Football always dominates Monday morning discussions throughout Frankfurt’s banks. Tomorrow, we will experience that close relationship between the finance industry in the game against Celta de Vigo.”

 

Frankfurt Main Finance Cup – Schwarz weiß, wie scheeee!

On match day, Eintracht came out as strong as their 40,000 fans in attendance. In the eleventh minute, Branimir Hrgota scored off an assist from Alex Meier and then scored again in the 49th minute. Celta de Vigo found the goal in the 58th minute, closing the gap with a score of 2:1. But Eintracht sealed the deal in the 80th minute and with a two-score lead, the Frankfurt Main Finance Cup was as good as theirs. With a final score of 3:1, Eintracht Frankfurt remained on the pitch to accept the Frankfurt Main Finance Cup. Frankfurt Main Finance’s Dr. Jochen Biedermann presented the Cup to Eintracht Captain Alex Meier. The Cup will join the trophies from the 2014 and 2015 Frankfurt Main Finance Cup in the Eintracht Museum.

Frankfurt Main Finance Cup

Frankfurt Main Finance Cup 2016 – Eintracht Frankfurt vs Celta de Vigo

Schwarz-weiß wie Scheeee! Das ist die SGE! On Sunday, August 14, the Commerzbank-Arena will again be filled with the joyous sounds of Eintracht Frankfurt fans cheering on their home team as the official opening game of the new season. Gates will open at 10 a.m. for the traditional season-opening party which will include plenty of activities, fun and games will throughout the day. The highlight will be the Frankfurt Main Finance Cup, a friendly match pitting Eintracht Frankfurt against Europa League contenders, Real Club Celta de Vigo, kicking off at 15:00. The game and the events around the stadium are included in the cost of the tickets.

Frankfurt Main Finance is proud to be a sponsor of the Cup for the third year in a row. In the previous two years, Eintracht has faced off against Inter Milan and F.C. Tokyo in front of more than 50,000 spectators. Hubertus Väth, Managing Director of Frankfurt Main Finance, weighed in on the importance of football for Frankfurt. “In London, every Monday begins with an analysis of the weekend’s games. With this in mind, Eintracht Frankfurt plays a big role when it comes to showing the bankers in the City and on Canary Wharf that Frankfurt is a world class Financial Centre. Once you’ve experienced an Eintracht game, you’re sure to become a fan. We hope to see more coming soon!”

The match against Celta de Vigo will be a great occasion, they finished 6th in La Liga last season and participate in the UEFA Europa League campaign coming up. One of their star players John Guidetti featured at EURO 2016 for Sweden. Eintracht and Celta have met before, pretty much 10 years ago the Eagles managed a 1-1 draw away to Celta in the UEFA Cup group stage.