FinTechGermany Award Honors Best FinTechs

The Financial Centre Frankfurt will soon honor outstanding FinTech companies with the FinTechGermany Award. FinTech and InsurTech companies with successful and promising business models will compete for the prize. The annual award, presented by Frankfurt Main Finance, Business Angels FrankfurtRheinMain and WM Gruppe (Börsen-Zeitung), will spotlight the German FinTech community and hopefully attract further investment. Top sponsors of the award are Deutsche Bank and Deutsche Börse. This coming September, the jury of FinTech experts and prominent representatives of the financial sector will evaluate applicants in four categories, seed/early stage, later stage, growth stage and foreign new entrant to Germany. The most important criteria considered will be financial viability, scalability and exit strategy.

Jury member and Executive Chairman of Frankfurt Main Finance, Dr. Lutz Raettig, welcomed the announcement of the award, “This award is the perfect addition to the Financial Centre Frankfurt’s FinTech landscape and the forthcoming FinTech Hub will also profit from attention from domestic and international investors. Frankfurt is an international Financial Centre that offers FinTech companies the optimal conditions for successful development and growth.”

Heading the jury is Andreas Lukic, Chairman of Business Angels FrankfurtRheinMain, who explains that the FinTechGermany Award is a positive signal in the context of the Frankfurt FinTech Center initiative. He explains, “The award creates the optimal environment for our efforts. Additionally, we have the opportunity to ease access to institutional capital and subsidies; as well as hopefully mobilizing private capital for FinTech companies.” The founder’s award will give provide FinTech and InsurTech companies access and visibility to investors at all levels as well as relevant feedback on the feasibility of their business models.

Business Angels FrankfurtRheinMain e.V. is the central forum for growing companies seeking investors and for mentoring private investors from across Germany. The organization sees itself as a patron for the youngest generation of businesses, particularly in the Rhine-Main Region and attempts to close the wide funding gap for innovators. Therefore, the network is active in politics, commerce and the community in order to strengthen Business Angels’ role as an integral supporter of entrepreneurs.

Contact Info for Business Angels FrankfurtRheinMain

Andreas Lukic, Chairman,
Frank Müller, Managing Director,
+49 (0)69 21 97 15 91, Börsenplatz 4, 60313 Frankfurt am Main

Frankfurt Finance Summit 2016: Challenges of Digitalization

The countdown is running! The 6th Frankfurt Finance Summit takes place on May 12th, 2016 under the motto On the Move – the Future of Finance. In advance of this extraordinary conference, a short look at some of the topics with three of our renowned speakers.

Dr. Lutz R. Raettig, Chairman of the Executive Committee, Frankfurt Main Finance

“It’s a real game changer: We may be talking about tectonic moves or tectonic changes. We are all invited to discuss with prominent practitioners, with central bankers, with politicians, among all is our Finance Minister, Dr. Wolfgang Schäuble. So we are looking forward to go through a very interesting and exciting program with you.”

Carl-Ludwig Thiele, Member of the Executive Board, Deutsche Bundesbank

“Yet, we are at the beginning of a very interesting development. And right now, we are only just beginning to understand its impact on the financial system and the way we bank in the future.”

Roland Boekhout, Chairman of the Management Board, ING-DiBa AG

“Digitalization, the Internet of Everything and Industry 4.0 – they offer massive changes to all kind of industries, including financial services and banking in particular. Massive challenges to move along, but also massive opportunities to offer more convenience services to our customers.”

Frankfurt Finance Summit: Digitalization in Focus

The second panel at the Frankfurt Finance Summit On the Move on May 12, 2016 covers the theme Digitalization – The Dawning of FinTechs.

Topics include:

  • FinTech: a regulative legal black hole?
  • Where can newcomers seriously threaten the big players?
  • Do the FinTechs want to cooperate with or attack the banks?
  • How does the digital bank of the future look like?
  • What are the downsides of digital in banking, e.g. cyberrisks?


Keynote (1:00 – 1:20 p.m.):

Günther H. Oettinger, Commissioner Digital Economy & Society European Commission

Conversation (1:20 – 1:50 p.m.):

  • Caroline Hyde, European Business Correspondent, Bloomberg Television
  • Gottfried Leibbrandt,CEO, SWIFT

Panel Discussion (1:50 – 2:40 p.m.):

  • André M. Bajorat, CEO, figo GmbH
  • Roland Boekhout, Chairman of the Management Board, ING-DiBa AG
  • Dr. Markus Pertlwieser, CDO Private Wealth & Commercial Clients, Deutsche Bank AG
  • Hauke Stars, Member of the Executive Board, Deutsche Börse AG
  • Carl-Ludwig Thiele, Member of the Executive Board, Deutsche Bundesbank

The conference is held in English. Follow along on Twitter or over our live stream on May 12th beginning at 1:00 p.m. at

Frankfurt Finance Summit: On the Move

The 6th Frankfurt Finance Summit will take place on May 12, 2016. This year’s theme is On the Move – the Future of Finance and renowned experts will be on location to deliver Keynotes and participate in moderated panel discussions. Amongst those attending are German Minister of Finance Wolfgang Schäuble and Günther Oettinger, the EU Commissioner for Digital Economy and Society.

The themes of the panels are:

  • Redefining Banking – Regulatory and Economic Challenges
  • Digitalisation – The Dawning of FinTechs
  • Tectonic shift – Where will finance move to?

The conference will be help in Kap Europa at the Frankfurt convention center. The programme can be found here.

FinTech Meetup sets Focus on InsurTech

Excitement around the topic FinTech has taken hold in the Rhine-Main-Neckar Region. This is evidenced not only in the number of emerging companies, but also by the dozens of FinTech events. The range and selection of events are especially diverse in Frankfurt. On March 9th, FinTech FFM organized a MeetUp at Frankfurt’s Goethe University. The event revolved around the theme InsurTech. Attendees met for refreshments sponsored by Frankfurt Main Finance and enjoyed presentations from three terrific speakers.

First, Steffen Glomb, a seasoned expert and CTO of Clark, provided excellent insights on the technical side of InsurTech. Next, the CEO of Allianz Digital Accelerator, Bernd Scharrer presented an overview of the Alliance Accelerator program and what young entrepreneurs could expect from it. In addition, Paul Morgenthaler, Investment Manager at Commerz Ventures, shared his experience as an investor in the area of InsurTech. The expert presentations were followed by three very different pitches from companies from Frankfurt, Berlin and South Korea. Credit Shelf explained their new vision for providing credit to businesses. The Exmedio team presented their product which helps to handle clients’ online profiles should they pass away. Another highlight of the evening, was the presentation from the Finotek, a South Korean start-up which specialises in online and digital identity verification.

Frankfurt goes Digital: 22% growth in FinTechs in 2015

Rhein-Main-Neckar is Germany’s most dynamic FinTech Region

The FinTech scene continues to gain momentum with entrepreneurs. In 2015, 1.2 billion euros were invested in FinTech companies in Germany where 250 FinTech companies already employ over 13,000 people. Germany has the second largest concentration of FinTechs in Europe and the fourth largest in the world. Leading the charge in Germany are Berlin and the most dynamic region, the Rhine-Main-Neckar Region, whose number of FinTechs rose by 22 percent in 2015 to 56. Read more

Korean FinTechs Visit the Financial Centre Frankfurt

To help mark the 25th anniversary of Germany’s reunification, a 14-member South Korean delegation headed by Congressman Kim Jeong Hoon (pictured with Angela Merkel during the reception) visited the financial centre, Frankfurt. The delegation included leading FinTech companies like YAP Global, Finotek, Yello Finance Group and Datastreams corp. Frankfurt Main Finance organised an exchange at the offices of Frankfurt Economic Development between Frankfurt’s universities, Germany’s leading FinTech companies and the Maininkubator.

South Korea is the world leader in mobile payment among industrialized countries with a usage rate of 40%. With more than 60 million mobile payment users, Koreans are among the world’s fastest adaptors of FinTech.

Dr. Lutz Raettig, Chairman of the Executive Committee of Frankfurt Main Finance was impressed: “In this regard, Germany needs to catch up and we want to this to happen. On the other hand, in Frankfurt we have FinTech companies, like as 360T, which are unparalleled infrastructure providers. Korea and Germany complement each other well and we therefore hope to continue to work together even more closely.”

In December 2013, the financial centres Frankfurt and Busan signed a “Memorandum of Understanding” to mutually support and strengthen one another.

Fintech Studie

Rhein-Main-Neckar is Germany’s Most Dynamic FinTech Region

  • In 2015 1.2 billion euros were invested in German FinTech companies
  • 250 FinTech companies employ about 13,000 people in Germany
  • Germany is the second largest FinTech location in Europe – behind Great Britain and the fourth largest in the world
  • Berlin and the Rhine-Main-Neckar Region are the leading locations in Germany
  • Number of FinTechs in the Rhine-Main-Neckar Region grew in 2015 by 22 percent to 56

In the German FinTech sector the entrepreneurial spirit prevails: the number of young technology companies in the financial services sector, FinTechs, grew last year by 32, now totalling 250. The amount of Venture Capital funds invested in these Start-Ups has nearly tripled from ca. 200 million Euros in 2014 to 576 million Euros in 2015. In Europe, only the UK has the edge, with 707 million Euros being invested in FinTechs. The British FinTech scene now employs around 61,000 people whereas in Germany FinTechs employ about 13,000 people. Taking into account the acquisition of 360T by Deutsche Börse, the total investment in German FinTechs for 2015 is 1.2 billion euros.

Within Germany, two regions have distinguished themselves as FinTech hotspots: Berlin is currently home to 70 companies and the Rhein-Main-Neckar region is home to 56. The Rhein-Main-Neckar Region, however, has proven to be the most dynamic in the past year. The number of FinTech companies there rose by 22 percent compared to the nationwide growth of 13 percent.

These are the findings of a study commissioned Frankfurt Main Finance and conducted by the auditing and consulting firm EY. The study examines the German FinTech industry and identifies potential areas for advancement.

“The region is much broader and more dynamic than generally assumed,” says Jan-Erik Behrens, one of the study’s authors and executive director at EY. “There are a surprising number of FinTech companies quietly but effectively pursuing their work. Even though two-thirds of the companies studied come directly from Frankfurt, the appeal of the financial centre goes far beyond the city limits of Frankfurt and Eschborn. Compared to the rest of Germany the region is in second place, falling closely behind Berlin and significantly ahead of Munich,” said Behrens. “Above all, in the recent years the region has gained significant momentum.”

Compared internationally, Germany has rallied strongly in recent years, according to Christopher Schmitz, co-author and partner at EY. “The German FinTech industry is one of the challengers in the market. It is clear that Germany and particularly the region around Frankfurt will play an even greater role in the future if the planned Frankfurt FinTech Centre is realized.”

Support from Dialogue Forum FinTech Frankfurt Rhein-Main

“Dialogue Forum FinTech Frankfurt Rhein-Main, an initiative of Frankfurt Main Finance with support from EY, is comprised not only of some 50 public and private institutions but also numerous FinTech companies (list of members enclosed). They are united in the goal of establishing an attractive, successful, and sustainable FinTech ecosystem in the region and to see who can bring what to the table,” explains Dr. Lutz Raettig, spokesman for the Executive Committee of Frankfurt Main Finance. “The support and engagement we’ve seen is quite remarkable.”

Under the leadership of Tarek Al-Wazir, the Hessian Minister of Economics, Transport, Energy and Land Development and member of the board of Frankfurt Main Finance, the State of Hesse has initiated the establishment of an independent and inclusive FinTech Centre in Frankfurt. “As part of the digital initiative, we are working closely with the city, the region and local industry to create a centre for young FinTech companies. Our region has the best conditions for this, offering the necessary infrastructure, the university landscape, the proximity to the regulators, the ECB and the Bundesbank, and networking with industry. Moreover, Frankfurt has the international connections that are essential for a global FinTech industry. This initiative will permanently strengthen Hessen as a business location,” says Al-Wazir.

The venture is also actively supported by the City of Frankfurt. Peter Feldmann, Lord Mayor of Frankfurt, explains, “Our objective is to make Frankfurt the number one FinTech hub in continental Europe. Here, young entrepreneurs will discover the most international city in Europe with the highest economic potential. To this end, we cooperate extensively with the State of Hesse and the Finance Industry. Our optimal resources have been and are consistently confirmed in numerous city rankings.”

This support convinced WebID Solutions, Europe’s leading provider of high-security AML compliant verification and online contracting procedures. CEO Thomas Prince announced at Börsen-Zeitung’s Finanzplatztag (Financial Centre Day) that WebID wants to move their offices to the financial centre and, if possible into the new FinTech Centre. “We are planning a six-fold increase of our revenues in 2016 and our customers are here. In addition, the commitment of those involved with the FinTech initiative is quite unique. The financial centre offers us the broad international network needed for our planned expansion. We witnessed this first hand on delegation trips to India and Korea. We brought back very concrete business approaches that will secure additional growth potential.”

Deutsch Börse has emphasized its broad commitment to FinTech. Just last week, they presented their FinTech initiative in Frankfurt. Furthermore, Eric Leupold, Head of the Venture Network of Deutsche Börse, sees the financing situation for these growing companies significantly improving. “Deutsche Börse’s new Venture Network is in Frankfurt and ready to bring high-growth companies together with investors. We are committed in every way to the financial centre.”