Frankfurt FinTech Report #5 – Frankfurt FinTech goes global!

South Korea, Hong Kong, Norway and Holland – in the first quarter of 2017 Frankfurt Main Finance was very busy developing its relationships around the world. In January, a Frankfurt FinTech delegation visited FinTech events in Busan and Hong Kong. In February, Frankfurt Main Finance made its first ties with the Norwegian FinTech scene and further solidified its relationship with Holland FinTech.

FMF delegation visit to South Korea and Hong Kong in January

Under the leadership of Dr. Lutz Raettig, President of Frankfurt Main Finance (FMF), a German FinTech delegation, organized by FMF, traveled to South Korea and Hong Kong from January 11 to 19. FMF Members Techfluence, Frankfurt School of Finance & Management and Peermatch also had representatives on the delegation.

In Seoul, the delegation took participated in the Korea-Germany Global Fintech & Blockchain Symposium at the Korean National Assembly. The delegation also met again with Chairman Kim Jung-Hoon, the Chairman of the Policy Committee of the Korean Parliament. After visiting Dayli Financial Group, one of Korea’s leading FinTech companies, the delegation continued its visit in Busan.

FMF signed a first agreement on a comprehensive partnership with the city of Busan in 2013, followed by a further agreement on FinTech in January 2016. At the Korea-Germany Fintech Roundtable, German and Korean FinTech companies presented themselves and took part in a lively debate on the future of FinTech in Korea and Germany.

In Hong Kong, the delegation participated in the Asian Financial Forum (AFF), the largest finance conference in Asia. In cooperation with the FrankfurtRheinMain GmbH and Hessen Trade & Invest, FMF was an exhibitor at the AFF and explained the advantages of Frankfurt as Continental Europe’s leading financial center and a premier location for Asian financial institutions.

At the FinTech O2O International Fintech Pitch Evening in Cyberport, the state-owned tech center in Hong Kong with more than 30,000 sq. meters of space for FinTechs and other tech companies, the delegation took a deep dive into the Hong Kong FinTech community for the first time. The FinTech O2O was part of the startmeup.HK week, organized by the Hong Kong government in collaboration with Invest.HK to promote the local start-up scene. At the AFF Deal Flow the next day, FinTech companies met potential investors. After further meetings with FinTech companies, the Hong Kong Monetary Authority, Cyberport and Metta, the Next Money FinTech Finals 2017 was the highlight of the trip for most delegates. The Next Money FinTech Finals are among the top 10 FinTech events worldwide.

Korean-German Blockchain Cooperation

At the Korea-Germany Global Fintech & Blockchain Symposium held in Seoul on January 12, 2017, a Memorandum of Understanding was signed between the Global FinTech Research Institute in Seoul, the Korean Society of Blockchain and FMF. This Memorandum of Understanding will pave the way to a more intensive cooperation between Korea and Germany on Blockchain. More than 30 members of a Korean-German Blockchain Working Group will meet for the first time on April 7, 2017.

Visit of a Norwegian FinTech Delegation

Since last year, FMF and the Royal Norwegian Embassy in Berlin have closely collaborated on FinTech matters. On February 1, 2017, a Norwegian delegation with representatives of Innovation Norway, the Norwegian Tech Industry Association, the Embassy, ​​the Foreign Ministry and the Tøyen Startup Village Frankfurt visited the Financial Centre Frankfurt. At an event in Deutsche Börse’s FinTech Hub on Sandweg, the delegation met representatives of Frankfurt FinTech companies. Both sides are keen to continue the exchange during the year with further events.

Money2020 Pre-Event in Frankfurt

In close partnership with Holland FinTech, FMF successfully organized two FinTech matchmaking events last November in Amsterdam and Frankfurt. A further meeting took place in Frankfurt in the new Tech Quarter on February 8, 2017, supported by ING DiBa. It featured the European roadshow of Money 20/20. After welcome speeches from all the partners involved, a panel with renowned industry experts discussed the implications of the forthcoming PSD2 directive.

If you are interested in participating in similar activities and events, please contact Dr. Jochen Biedermann.

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