FinTechGermany Award

FinTech Matchmaking Events in Amsterdam and Frankfurt

Financial services technology companies, known as FinTechs, are making moves and currently the latest trend in the financial sector. Across the globe, start-ups are pursuing the goal of digitalization in the finance industry, making it more efficient and customer oriented.

FinTech is a global game that cannot be played in one hub alone. Digitalization is a global process. Even though information travels at the speed of light across the world, the local connection to people is what creates value. Therefore, creating a worldwide network of Fintech hubs is the only way to really accelerate Fintech growth and reduce time to market both for start-ups and large corporates.

The large number of FinTechs in both the Netherlands and Germany presents the perfect opportunity to increase cooperation between the FinTech Communities. Therefore, Frankfurt Main Finance and Holland FinTech will organize two events, one in Amsterdam on 4 November 2016, and one in Frankfurt on 25 November 2016. FinTechs from across both countries are encouraged to participate in these events, present or pitch their company and discover potential cooperation partners, investors and friends.

“Our FinTechs and their innovative power are essential to Frankfurt maintaining its position as a leading international financial center. Supporting their expansion internationally by leveraging our global network of partners is of utmost concern for us. Together with Holland FinTech, we want to bring Amsterdam and Frankfurt closer together,” said Hubertus Väth, Managing Director of Frankfurt Main Finance e.V..

The event in Frankfurt will be sponsored by ING DiBa.

If you are interested in joining either event, please contact us and for further information. Download the agenda for the Amsterdam and Frankfurt events.

Contacts:

Francesca Aliverti, Holland FinTech, francesca@hollandfintech.com

Dr. Jochen Biedermann, Frankfurt Main Finance, jochen.biedermann@fmfinance.de

Frankfurt FinTech Report #1

The Frankfurt FinTech scene is always buzzing with events and new initiatives. Follow our weekly review each Friday to stay up to date!

Accelerator FFM

The first class of Start-ups have begun their four-month program at Accelerator Frankfurt, an independent accelerator that gets startups investment-ready by finding cooperation partners, customers and investors. The first wave consists of eight startups: Alyne (RegTech, compliance as a service), Beeeye (credit scoring using machine learning), Cindicis (contextual intelligence platform), Fenror7 (Cybersecurity for enterprises) Pronteo (peer to peer FoodTech), Schnellspesen (FinTech, automated expense management), Secured Touched (Cybersecurity for mobile devices) and Wroomer (efinance platform for used cars). Commenting on the program kick-off, Accelerator Frankfurt’s Founder Ram Shoham stated, “The program would not be possible without the help or our strategic partners AtoBe, Beiten Burkhardt, d-fine and die firma, each providing the startups with necessary services that will help to accelerate their learning curve and probability of success.”

Frankfurt Main Finance would like the congratulate the eight Start-ups which were selected from more than 150 applicants. Furthermore, start-up accelerators play an important role in the ever expanding Frankfurt FinTech ecosystem. FMF has long supported efforts to attract accelerators to the Frankfurt Rhine-Main region and will continue to do so. Accelerator Frankfurt brings together expertise and mentors from Germany, Israel and Scandanavia, creating a perfect example of private initiative and international cooperation. Successful start-ups are an important stimulus for the local economy, creating jobs and attracting investment to the region.

The Accelerator program will end with a demo day in January 2017.

Women in FinTech

On Monday, September 22, 2016, the kick-off meeting of Women in FinTech was held in the offices of Frankfurt Main Finance. Initiated by Marguerite Arnold, the event series is intended to address how to increase the proportion of women entrepreneurs and in the FinTech sector in general. Amongst the many themes discussed in the evening, including financing opportunities, legal conditions, information channels, and networking, all agreed that there is a need to increase the visibility of women in the FinTech and finance sectors. The next Women in FinTech evening will take place on October 25th and explore the legal requirements and procedures for founding a Start-up.

Start-Up Grind

On Thursday, September 22, 2016, the Frankfurt Startup Grind chapter hosted their seventh event. Hosted on the 48th floor of PWC’s building in Frankfurt’s Westend, breathtaking views of the Financial Centre to accompanied conversations between members of Frankfurt’s vibrant FinTech community before the formal programming. Speaking at the event were Hartmut Giesen and Andreas Wiethölter. Giesen, of Sutor Bank, manages business relations and is responsible for the strategic development of the Sutor Startup-Platform. Andreas Wiethölter is the CMO and Managing Director of Deposit Solutions, a Hamburg-based FinTech which launched ZINSPILOT as a B2C product in 2014. The video from the event can be found at Startup Grind Frankfurt’s Facebook.

Upcoming Frankfurt FinTech Events:

EUROPEAN CULTURAL DAYS: Multifaceted Germany

Each year, the ECB’s EUROPEAN CULTURAL DAYS showcase the rich culture of one of the EU’s member states. The events, hosted by the ECB and the national bank of the featured country, are always a cultural highlight for the Frankfurt Rhine-Main region. This year, between 17 October and 1 December, the ECB and the Deutsche Bundesbank will present Germany’s multifaceted culture. Hosted in and around Germany’s most international city, Frankfurt am Main, events range from a classical symphony to electronic music, from modern dance theatre to literature and contemporary art.

“Working together to enhance awareness of a country’s cultural heritage that is part of our roots and our identity offers a good opportunity to educate and prepare future generations, who will have a key role in strengthening cohesiveness and community spirit and in deciding the way in which the European institutions will develop. The mission of the EUROPEAN CULTURAL DAYS fully meets this aim.”

– Mario Draghi, President of the ECB

Under the motto, “unity in diversity,” the EUROPEAN CULTURE DAYS have celebrated cultural diversity and European Unity since 2003. Celebrating in Frankfurt am Main is particularly special, since more than 180 nationalities live and work together in the Mainmetropolis. This years events will be held under the patronage of Mario Draghi, President of the ECB, and Jens Weidmann, President of the Deutsche Bundesbank.

Frankfurt Main Finance is proud to sponsor these events and looks forward to an exciting and enriching program.

Bildquelle: European Central Bank

Financial Centre Breakfast with François Villeroy de Galhau: Sustainable Monetary Policy ensures Economic Stability

On August 31, 2016, the Association of Foreign Banks in Germany and Frankfurt Main Finance hosted the seventh edition of their successful Finanzplatz Frühstück (Financial Centre Breakfast) event series. More than eighty entrepreneurs and representatives of the financial sector, were in attendance to hear François Villeroy de Galhau, Gouverneur of the Banque de France, speak on the topic “European Growth – Challenges in uncertain Times.” Welcoming the audience, Dr. Oliver Wagner, Managing Director of the Association of Foreign Banks in Germany, stressed the importance of foreign banks as a critical economic factor for Frankfurt. “Foreign banks assume responsibility for the local economy and recognize the German Financial Centre as the core market in Europe.”

Villeroy de Galhau wasted no time delving into the current state of monetary policy within the EU and how to ensure sustainable growth. Stressing the importance of investment for growth, especially amongst SMEs, he expressed the need for the Capital Markets Union and the movement of risk and capital across borders. He also weighed in on the ECB’s current strategy of negative interest rates, which has been openly criticized by several German bankers. He described the strategy as a crucial instrument in fighting deflation, which he explained would be more damaging than the negative rates. Villeroy de Galhau continued, stating “Negative interest rates are useful but they are just one among many instruments and have their limits. This is why we have to stick to the current monetary policy. And yes, we’re doing so sustainably.” He did, however, reject the notion of the ECB providing helicopter money directly to consumers.

France and Germany are the major drivers of growth in the Union and, according to the Villeroy de Galhau, still have untapped opportunities to ensure sustainable growth for the future. One proposal highlighted in his address would be a so-to-say Erasmus Pro programme which would offer young people the opportunity to gain vocational training outside of their home country as well as provide them the European experience. Such a programme could be particularly useful for France and Germany. France has a demographic advantage in that they have many more young people than Germany, who boasts one of the best training and educational infrastructures in the world. Alleviating this deficit in skilled labour in both countries, and across the EU, would help to ensure sustainable growth for years to come.

Cooperation between France and Germany in the EU is critical for future growth and the success of the European Project. How does this look, however, in a Europe without the United Kingdom? Speculation is still the name of the game when it comes to Brexit, but Villeroy de Galhau did make it clear that they still want London to be at the centre of European Finance, but as Villeroy de Galhau stated, there will be “no free ride, and no cherry picking.” In other words, the UK must accept and abide by EU rules and regulations in order to gain access to European markets post-Brexit.

Frankfurt Main Finance’s Managing Director, Hubertus Väth, summarized the event, “Mr. Villeroy de Galhau encouraged German entrepreneurs to prepare to invest and take on risk. Only France and Germany can set European growth on an adequate track for growth.” Väth continued, stating, “Monetary policy can only be successful if the economy embraces monetary stimulus by accepting and making investments. In this case, trust plays a central role. Mr. Villeroy de Galhau’s contribution today in further developing this trust is not to be underestimated.”