Outstanding Start-ups – FinTechGermany Awards presented

Top performance in difficult times: Eight financial start-ups received the FinTechGermany Awards in Frankfurt on September 17, 2020 – the most important FinTech award in the German-speaking countries for five years. At the awards ceremony in the Tatcraft New Hardware Studios, over 200 FinTech and InsurTech enthusiasts, bankers and investors celebrated the winners. The livestream was followed by numerous interested people.

The award was presented in eight categories:

  • Category
  • Seed Stage
  • Early Stage
  • Late Stage
  • Growth Stage
  • Foreign New Entrant to Germany
  • Insurtech
  • Artificial Intelligence
  • Blockchain
  • 1. Place
  • Tangany
  • Myos
  • Penta
  • Raisin
  • Qonto
  • Getsafe
  • Hawk AI
  • Cashlink

In total, more than 220 startups and scaleups from Germany and around the world had applied or were nominated by the jury at the beginning of the year. The jury then compiled a shortlist of 43 start-ups. The prestigious FintechGermany Award has been presented since 2016 – this time, due to the corona pandemic and the resulting hygiene and distance regulations, the award ceremony was held for the first time as a hybrid event and not, as usual, in the Tech Quarter at Messe Frankfurt.

Dr. Jens Zinke, Managing Director of WM Gruppe/Börsen-Zeitung, which has been accompanying the award since 2016 as media partner and co-organizer, says: “This was the fifth time that the FinTechGermany Awards were presented and once again it showed the high performance density among young and innovative companies in the financial sector. A big praise to all participants, all applications were of high quality, which is really impressive in an international comparison”.

Michael Mellinghoff, Managing Director of TechFluence UK, co-organizer and co-head of the jury: “For the top-class, 19-member jury it was a very special challenge to track down the top FinTechs from all over Germany among so many really great applications this year. We are particularly pleased that this year, with Raisin, a company has managed to take home our award for the second time”.

Dr. Lutz Raettig, President of the Financial Center Initiative Frankfurt Main Finance: “This year’s edition of the FinTechGermany Award has once again proven that young financial companies can establish themselves alongside the top performers of the financial industry and that the source of ideas for new business models, products and services does not dry up.”

The complete list of the winners:

  • Category
  • Seed Stage
  • Early Stage
  • Late Stage
  • Growth Stage
  • Foreign
  • Insurtech
  • Artificial Intelligence
  • Blockchain
  • 1. Place
  • Tangany
  • Myos
  • Penta
  • Raisin
  • Qonto
  • Getsafe
  • Hawk AI
  • Cashlink
  • 2. Place
  • Spherity
  • Trade Republic
  • Fraugster
  • N26
  • SumUp
  • -*
  • -*
  • -*
  • 3. Place
  • Crypto Tax
  • Arabesque S-Ray
  • FinTecSystems
  • Mambu
  • Klarna
  • -*
  • -*
  • -*

*In the categories Insurtech, Artificial Intelligence and Blockchain no second and third places were awarded.

Impressions FintechGermany Award 2020


Photos: Kaleidomania / Axel Gaube

European Digital Week 2020: Fintech & Digital Banking Innovation Conference

The modern digital technologies are impacting traditional banking models and consumer expectations. More and more people are paying their bills using a smartphone instead of going to the nearest bank branch.

From 21 to 26 September 2020, one of the biggest events in the scope of digital technologies called “European Digital Week” will take place virtually.

The virtual event “Fintech & Digital Banking Innovation Conference” on 24 and 25 September 2020 is a part of European Digital Week 2020. Participants will have a chance to learn more about the latest innovations in this field. Lecturers of the conference are professionals with huge practise experience at the Conference. They will discuss important topics like future trends in the Fintech industry and new advances in processes and technology to improve overall banking experience.

Some of the topics that will be presented at the conference are:

    • Reinvent the Financial World
    • The Future of the Service Sector
    • GreenTech
    • Future of FinTech under Covid-19
    • Reinvent the Financial World
    • Innovative Digital Platforms in Cashless Society
    • SEA Insurance Market and Digital Transformation
    • Financial Crimes and Digital Forensics

Find out more about the speakers and schedule of the event here.


Back in Business – CRIFBÜRGEL’s new online portal ensures financial transparency in the crisis

Well-founded information about business partners or suppliers is even more important in times of crisis than in good economic times. With this in mind, CRIFBÜRGEL has developed Back in Business, an online portal that enables companies in Germany to let the market know that they are back in business. Companies that rebuild and strengthen their business relationships with customers, suppliers, dealers and importers are thus supported in showing financial transparency.

Companies benefit from the Back in Business initiative on several levels. First of all, the portal offers them a simple and free opportunity to provide their business partners and suppliers with an up-to-date picture of their economic performance and thus to document their activities with regard to future-oriented entrepreneurship.

As part of the Back in Business network, companies also benefit from exclusive access to webinars and services.

Further information can be found here.


Europe lacks uniform rules – Marc Roberts in interview with Franz Công Bùi (Börsen-Zeitung)

The European Fintech Association (EFA) was founded in Brussels on 16 June. As a lobby group representing the interests of European FinTechs, it aims to advance topics on the digital financial agenda in the EU. Marc Roberts, Chairman of the EFA Board, discusses the association’s orientation, goals and potential in an interview.

The chairman of the newly founded European Fintech Association on the lobby group’s plans for financial start-ups.

  • Mr Roberts, the recently founded European Fintech Association is to become the mouthpiece of European FinTechs. Now eleven of the 21 founding members are from Germany, and the six-member board includes three German start-ups. Isn’t that an imbalance right from the start?

German FinTechs are still overrepresented in the association. We are in the process of balancing this out and acquiring FinTechs throughout Europe. Some will join in the near future. The initiative began in Germany, mainly as a result of a co-operation between Raisin, N26, Transferwise and Finleap. However, we try to create space within the board for a European perspective.

  • Among the founding members are four UK-FinTechs. In light of Brexit, what do they hope to gain from participating in an association that operates primarily in the European Union?

In the case of the British FinTechs, there are, of course, some restricted to the domestic market. Still, there are also many, including our members, who want to continue operating in the European market. What is essential is that they have an interest in European issues. The focus is not on Brexit issues, but on services within the EU. And for British FinTechs operating in Europe, the same questions continue to arise.

  • What requirements must members meet?

There are ultimately three prerequisites. First, it must be a European FinTech. This does not mean that it must have been established in Europe. It must have a genuine interest in focusing its activities in Europe and want to promote policy issues here. And it must operate across borders. In addition, it must have a tech background; in other words, it must provide technology-based services.

  • Your lobbying work for FinTechs will be based on the digital finance strategy of the EU Commission. Where is there a need for action?

A key point is that digital financial services bring real benefits for customers, businesses and also for regulators. For example, by making services particularly transparent, saving costs or reflecting product innovation. Current regulation is still very much tailored towards manual, rather analogue processes. This is particularly evident in the identification of customers. It does not take into account the advantages of digital services – when opening business processes, but also in many other regulations that protect the consumer. Ultimately, this is still based on the fact that a lot of paper is made available to the customer. In digital processes, this cannot be meaningfully depicted. Of course, consumer protection is essential, but one should still evaluate what is really useful in a digital process.

  • Could you illustrate this more clearly using the example of identification?

In this field, European regulation does provide uniform identification methods. It depends on whichever methods the respective Member State allows, which varies between each state. Basically, most Member States assume that a customer is identified face to face. This can be in a bank branch or in Germany, for example, through video identification or Postident procedures. These are not optimal processes for digital providers because the customer has to go out of the online offer and do something completely different. The normal course of business is interrupted and must then be restarted. Here, standardisation with a Europe-wide identification method would be desirable.

  • Where do you still see an acute need for action?

Some regulations make cross-border services considerably more complicated; for example, IBAN discrimination. In practice, this means, by way of example, that a French electricity bill can only be paid with difficulty from a German account. Accordingly, to operate on the French market, a German FinTech must have a branch in France just to obtain a French IBAN. In addition, there are special regulations in consumer protection, which mean that the interest rate has to be displayed differently for straightforward and transparent products such as overnight and fixed-term deposits. Each country has to develop its concept of how to do this – with taxes, without taxes and so on.

  • Fragmented regulations are often criticised when it comes to money laundering. What are your ideas here?

As already described, we have to deal on the one hand with varying regulatory specifications for digital identification. In addition, there is an area that is extremely important for co-operations, the so-called reliance on third parties. If a FinTech product is integrated into a bank, for example, the bank naturally does not want the customer to have to be identified again, since they are an existing customer. It should be possible to use the existing identification again for the integration of the new product. This is admittedly permitted within the European Union, including the provisions of the European Money Laundering Directive. But then there is so-called gold plating.

  • What do you mean?

Gold plating means that one has national regulations that have additional requirements for this reliance on third parties. For example, a time limit where the first identification must not be older than two years, or the requirement of a written contract or that the first step must have been a face-to-face identification. The new services under PSD2, i.e. payment initiation and account information services, are also subject to very different regulations as to whether these providers are obligated under money laundering law or not. The rules vary from one Member State to another, in particular the obligations that apply to these providers. In other words, you must always look at the regulations applicable to the service in question in the country in question.

  • How could this be solved?

The matter is primarily one of standardisation at the European level, which is a relatively lengthy process. It must first be decided, discussed with the Member States and ministries, and finally implemented. At the same time, however, certain areas could be regulated relatively quickly. One example would be to adapt the guidelines of the European Banking Authority (EBA) to allow certain areas to be regarded as low-risk and not subject to the corresponding obligations. There are also opportunities below the level of legislation to introduce significant simplifications for certain business models.

  • Some FinTechs would like to have a sandbox like in the UK. Is this also a direction for you?

Sandboxes are an exciting topic and an especially great opportunity for newer FinTechs or start-ups to get in touch with the regulator. What’s more, from our point of view, is the exchange on a European level between regulators on new business models. Often each country has to deal with each business model anew, and you always start from scratch. There is no cross-border exchange. We believe a kind of FinTech hub at the European level would be practical. This is also a point which we discuss with the European Commission.

  • Do you also see a need for change in the area of data protection?

Views on data protection, which is a concern for all our members, vary depending on the Member State. At the same time, GDPR provides uniform regulation at the European level, which is already a relatively far-reaching harmonisation. However, there are additional regulations at the national level, which are more or less strict. France, for example, is very strict compared with other countries. This is also the case in Germany. Especially in the financial sector, data protection plays a critical role. At the same time, however, we believe that the data protection issue should not be misused to discredit certain new developments.

  • What do you mean?

For example, in the area of opening up account interfaces within the framework of PSD2, we believe that this data protection issue has already been brought to the forefront in order to protect certain business models. As a consequence, regulation emerged that does not help anyone, especially not customers, and certainly not FinTechs.

  • It is often criticised that we do not have European Champions. How can Europe remain competitive? Where do you see disadvantages compared to other regions?

It is often said: If you cross the border by car, you have to obey the traffic regulations in the other country. The picture is a bit skewed when it comes to cross-border financial services. Because when you drive across the border, you don’t have to convert your car. But if, for example, you want to establish a platform across the border in another European country, then that is a project of six to eight months. You have to adapt the documentation and also the product, as well as design the conditions so that they comply with local law. There is no uniform regulation which would allow you to reach customers throughout Europe and use the full capacity of the market.

  • Are there any other obstacles?

It is much more difficult for companies to recruit talent in Europe because of the difficulties of employee participation in option schemes, especially from a tax perspective. This is a problem that needs to be tackled. It is bad for innovation in Europe if you cannot recruit the best talent, even though offering incentives could be a possibility. I understand the logic behind this, but a European stock option scheme is needed. The existing employee stock option schemes only ever work in one country according to the law of that country. If you have an employee who would rather live in Barcelona, then you have to set up a new programme. And of course, it is already challenging to set up an entirely new programme to acquire someone just because he wants to work elsewhere in Europe.

  • How do you assess the current situation for FinTechs in Germany and Europe affected by Corona?

The pandemic, of course, has a considerable influence on FinTechs. There is always a need for financing for rapidly growing companies, and we can see that the situation has not improved in the financing rounds as a result of this Covid-19 crisis. It hasn’t become impossible to get financing rounds underway, even large financing rounds, but the starting position is different from before the crisis. The same applies to recruiting.

  • In what way?

There is now a hiring freeze for the time being. It is complicated to train new employees with remote procedures. And of course, FinTechs also reduced staff. At the same time, it can be seen that most FinTechs are well-positioned. Firstly, through their business model, because digital services can basically still be offered. Secondly, the employees have had fewer problems with the necessary changes, because many of the services or working methods are very agile and Internet and cloud-driven. Overall, it must be said that FinTechs have proven at this stage that their product offerings are relevant.


Source: Börsen-Zeitung, July 7, 2020, Franz Công Bùi, © All rights reserved

New, innovative conference for digital finance

The first Frankfurt Digital Finance Conference brings together decision-makers and innovators from the financial industry – companies, start-ups, politicians, investors, regulatory authorities and academics – on a neutral platform in Frankfurt am Main. We spoke with the conference organizers, Corinna Egerer and Max Hunzinger, about FinTech trends, the Frankfurt location and the added value of the event.

Which services in the field of FinTech are currently of particular interest?

“Alongside with the usual suspects – such as Artificial Intelligence applications, Blockchain solutions and Payment –  Digital Identities are in focus. Open Banking is also still a hot topic to cover the chances that derive from the PSD2 Directive. IT security is and remains a vital challenge. And last but not least services that enable better customer experience – B:B and B:C – are crucial for success. All these and more topics will be discussed at Frankfurt Digital Finance.”

What can events like the Frankfurt Digital Finance Conference do for the various members of the FinTech community?

“Events like Frankfurt Digital finance connect people who have similar interests but come from different companies, institutions and backgrounds: to learn from others’ experiences, to get to know each other, to network and eventually start joint projects, all this can be reached with such a conference. “Better Together” is the motto of Frankfurt Digital Finance. Participants from incumbents and entrants, from academia, from investors and politics all meet on a level playing field. Not least a “Corporate Challenge” will take place at Frankfurt Digital Finance where teams from different companies develop ideas and concepts to better connect corporates and startups, to create value together.”

Why did you choose the Frankfurt Financial Centre as the location for this conference?

“Frankfurt as an ecosystem with incumbents and entrants can develop into a leading digital finance hub in Europe. Here we do not only have the industry expertise but also trusted personal networks and the ability of a financing chain providing the necessary resources for all stages from startups to institutions. This fact we have to communicate better  – Frankfurt Digital Finance shall support here.”

Further information about the event and registration options are available on the website

FinTech Financial Centre Frankfurt

The Financial Centre Frankfurt has great chances to become the European Capital of Financial Technologies

A European consortium of universities and FinTechs is working to promote knowledge-sharing between banks, FinTechs, regulators, and financial supervisors on the risk management of financial technologies. Since 2019, the financial technology company Firamis GmbH has been part of this consortium. In an interview, Dr. Jochen Papenbrock, CEO and founder of Firamis, discusses the role of Artificial Intelligence (AI) in managing risks of financial technologies and its significance for the Financial Centre Frankfurt.

Dr. Jochen Papenbrock, CEO and founder of Firamis Gmbh

Dr. Jochen Papenbrock, CEO and founder of Firamis GmbH

What are the risks of FinTech’s increasing importance for the financial sector?

We understand the term FinTech to comprise of much more than start-ups using financial technologies such as Big Data Analytics, AI, and Blockchain. Traditional banks and insurers use new financial technologies as well and might face similar challenges as start-ups do, especially with regards to risk management. In addition, banks and FinTech start-ups are increasingly cooperating – more outsourcing relationships are emerging as a result of the continuous break-up of value chains. At the same time, many banks are invested in start-ups. As systems, data, and processes become increasingly intertwined, banks are equally affected by the risks of financial technologies. Therefore, we are currently observing a growing need for discussion between the industry, regulators, and supervisory authorities.

Against this background, Fintech Risk Management and model/data governance are of particular importance. While traditional banks most certainly have gained more experience in regulatory and supervisory practice, it is new territory for many FinTech start-ups.

Can you explain this in more detail?

Complex, non-transparent, and biased models and data pose a problem to new financial technologies. Several supervisory bodies have decided to reject black box models – i.e. non-transparent machine learning approaches such as multi-layered artificial neural networks (deep learning) – in production-critical processes.

We are currently working on these and other topics as part of a larger EU project on Fintech Risk Management. The exchange of knowledge between banks, FinTechs and regulators takes place throughout Europe over a period of two years. Standards are being developed that ensure the use of financial technologies in secure financial products and enable FinTech business models in Europe to be scaled as efficiently as possible. Our Fintech-AI-B2B-start-up Firamis is part of the consortium and member of the Executive Board. We are working to build an EU Research Sandbox and establish requirements for a Trustworthy AI. The EU also runs several programs on related topics.

Furthermore, the increasing use of financial technology may create systematic risks. If several FinTechs use the same technology, they will react quite similarly to certain market phases. In addition, the risks of a domino effect are rising due to the increased interconnectedness of value chains. The supervisory focus will continue to shift from individual companies to the entire value chain.

What regulatory framework is needed to keep risks under control?

We believe that risks can be managed by focusing on model validation as well as the entire model risk management process and data/model governance. Black box models will have a hard time with more intensive regulatory reviews by national and international supervisory authorities. On the other hand, the use of financial technologies will continue to increase due to competitive pressure. So the question of which modification of the technology is needed to meet the requirements remains.

Are there solutions to make these approaches more accessible and understandable for regulators and supervisors?

XAI (Explainable AI or Interpretable AI) is one of those approaches. New approaches, technologies, and data visualization are used to make the models more explainable. XAI is also one of the core competencies of our start-up Firamis, and we are currently expanding our resources in response to those developments. AI thus is implemented to, for example, explain black box models automatically. This is especially important for customers who want to know, for example, why they received a certain credit score or why they are assigned a certain risk profile by their Robo Advisor and how they can improve.

The question of how these regulatory controls should be implemented in practice is exciting. Several models are conceivable, ranging from independent control by supervisors to outsourcing to third parties. We will observe a certain degree of standardisation and also something like a technical inspection for financial algorithms.

What does the dynamic development of AI / Machine Learning mean for the FinTech industry in Frankfurt?

Current developments in financial technologies show that Financial Centres compete with each other. The game is changing due to disruption. The Financial Centre Frankfurt has great chances to become the European capital of financial technologies. (Central) banks, technology companies, FinTech ecosystems, supervisors, and regulators are already presented. AI may hold more potential for the Financial Centre Frankfurt than Brexit and Blockchain do.

So there’s still a lot to do. In 2017, we launched the annual Summit on AI, Big Data and Network Analysis in Financial Services with other partners. In addition, we founded the association  AI in Financial Services e.V., in which anyone can become a member who is interested in advancing AI.

Advanced Analytics and Artificial Intelligence will gain in importance

In our interview Christopher Schmitz, Partner and FinTech specialist at Ernst & Young (EY), evaluates the characteristics of the Rhine-Main FinTech ecosystem and explains why, in the near future, we can expect to see even closer cooperation between emerging FinTechs and established companies like banks, insurers and asset managers.

The investment volume in FinTech start-ups, measured by average deal size, has grown over the past years. Do you think this development will continue?

We estimate the trend of growing deal sizes will continue. Several of the FinTechs founded in Germany in recent years have been able to achieve success on the market side in the B2C or B2B segment. Investors who are operating globally have detected German FinTechs as profitable business cases. Based on these extensive investment rounds FinTechs have been able to grow and expand their businesses internationally. Parallel to this success, the valuations of several FinTechs have risen enormously – most recently to around €2 billion for the most successful start-ups. Therefore, average deal size will continue to grow.

The Rhine-Main FinTech ecosystem focuses on “Enabling Processes & Technology” and “InvesTechs”. Besides this, what else exactly makes the Rhine-Main FinTech ecosystem unique?

Compared to other German FinTech hubs, the Rhine-Main FinTech ecosystem is characterised by a strong focus on B2B business models, a very grown-up start-up network and the proximity to and the active exchange with potential investors and clients. A significant proportion of the founders in the ecosystem benefits from many years of experience in banks, insurance companies or asset managers and use this experience to tailor their business models to the specific problems of their clients. B2B business models for example require significantly less capital in the seed and growth stage compared to B2C business models because customer acquisition is not carried out via the classic online media with correspondingly high marketing expenditure, but through direct customer relations. While this makes the B2B sales cycle considerably longer and more complicated, B2B service providers often achieve a faster break-even. The proximity to regulators, customers and the structure of the ecosystem as well as the good international network enable a rapid evolution to the range of services offered.

What is your outlook for 2019? Which FinTech trends are you particularly interested in and which trends should we prepare for?

We will observe even closer cooperation between emerging start-ups and established companies. Because of their legacy infrastructure and the growing innovation speed, banks, insurers and asset managers won’t be able to ignore emerging financial technologies. However, purely disruptive approaches can only be found in a few successful start-ups. Cooperation will take centre stage. Open banking and the API/platform-economy will become central fields for the future positioning of established players as well as new players entering the market. The beginning convergence of value creation across industry boundaries in emerging marketplaces like mobility, digital health, smart cities or smart home requires a rethink in the financial services industry. Advanced analytics and artificial intelligence will become even more important in this context, and FinTechs will drive much of the customer-centric innovation as a partner and service provider to the financial services industry.

“We should highlight the strengths of the location”, Matthias Hübner, Partner at Oliver Wyman in Frankfurt, in an interview on the FinTechGermany Award 2019

Matthias Hübner, partner at Oliver Wyman, is a jury member for the FinTechGermany Award 2019, the leading investor-driven FinTech Award in Germany. Amongst other things, we asked Matthias Hübner what he pays special attention to when judging FinTech applicants.

What is especially important to you when judging applicants for the FinTechGermany Award?

I find two aspects to be crucial: First of all, a need for a product should be clearly identifiable, which means that the product should offer a solution to an actual problem facing customers. Secondly, it must be innovative. Unfortunately, we have recently seen many copycat products that lack a clear differentiation from existing ones. In my opinion, most of them will not stand a chance in becoming established in the long run.

What are the biggest challenges for FinTechs in Germany? How can start-up companies be supported more? What can platforms like the FinTechGermany Award do to help?

The scalability (i.e. reaching the critical and long-term profitable size) is what most start-ups struggle with – and this doesn’t only apply to the FinTech sector. This is something the FinTech Germany Award helps with: It enables companies to get in contact with potential investors for financing of growth and award winners get a chance to increase their brand awareness.

How will the German FinTech ecosystem evolve in 2019?

With regards to the Fintech ecosystem, Germany still has room for improvement but is developing dynamically and catching up with other countries. This trend should continue in 2019, especially since some of the early FinTechs now have more sophisticated business models and are thus, increasingly growing out of their niche.

How can Frankfurt become one of the leading Fintech hubs in Germany or Europe?

I think that the decentralized structure in Germany is not very helpful in establishing a leading international FinTech hub. However, we should move away from the traditional “Frankfurt vs. Berlin” discussion and instead highlight the strengths of both locations. Frankfurt has the advantage that it offers companies proximity to leading partners such as banks or the stock exchange and has a well-established infrastructure of consulting services. Those are essential aspects for FinTechs with a focus on B2B.

Deutsche Börse – Crypto asset dojo 2018

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FinTech delegation travels to South Korea and Hong Kong

As in recent years, in January a FinTech delegation will be traveling under the leadership of Dr. Raettig to Hong Kong for the Asian Financial Forum (AFF). The Asia Financial Forum is the most important meeting of the Asian financial sector and will be held for the eleventh time on January 15 and 16, 2018. AFF’s topics include financial innovation and technology, AI and robotics, green finance, insurance technology, Fintech, Blockchain and banking innovations.

Frankfurt Main Finance will present itself with a joint stand with FrankfurtRheinMain GmbH and Hessen Trade & Invest to the Asian financial community as an attractive international financial center – not only in the Brexit context.

For years Frankfurt Main Finance has maintained close ties with the FinTech community in Hong Kong, among others with HKTDC, Invest.HK, the FATHK and Cyberport and Metta as leading FinTech Hubs in Hong Kong.

The FinTech delegation will travel to South Korea already on January 11, 2018, where it will present itself at FinTech events in Seoul and Busan. Frankfurt Main Finance is closely linked to both South Korean financial centers through a number of agreements, among others in the areas of FinTech and Blockchain. For several years there has been a regular exchange at the level of the financial centers as well as the supervisory authorities. South Korea is an important partner for Frankfurt and also a regular destination for delegation trips of the state of Hesse.

About the Asian Financial Forum in Hong Kong

For the eleventh time, on January 15 and 16, 2018, top-class international representatives of the financial and business world will meet at the Asian Financial Forum in Hong Kong. During the two days they will discuss developments and trends in the dynamic markets of Asia and over and above that. The event, organized by the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), has this time the motto: steer growth and pave the way for innovations, both in Asia and around the world. In 2017, the Forum had over 2,900 participants, including more than 100 internationally renowned speakers. There was also a great interest in the Deal Flow Matchmaking Sessions, where more than 490 projects were discussed with investors in over 600 conversations. Overall, the organizer has already arranged 3,800 meetings with more than 1,800 companies since the start of these sessions.

Among the contributors in 2018 are Jacob J. Lew, US Secretary of the Treasury until 2017, David Lipton, First Deputy Managing Director of the International Monetary Fund, Pierre Gramegna, Minister of Finance of Luxembourg, Hu Huaibang, Chairman of China Development Bank Corporation, and Takehiko Nakao, President of the Asian Development Bank. From Germany comes Dr. Andreas Dombret, board member of the Deutsche Bundesbank. Speaker at the Keynote-Luncheon on January 16 is this year the expert for AI and Robotics, Professor Daniela Rus, Director of Computer Science and Artificial Intelligence Laboratory (CSAIL) and Professor for Electrical Engineering and Computer Science at the MIT.

The AFF visitors are also offered to have pre-arranged meetings for participants with common interests, the InnoVenture Salon for Startups, who want to present their business ideas to international investors, a free financial and service advisory zone and sessions with project owners, presenting their projects to potential investors.

To the HKTDC homepage:

More articles on the topic:

o “Think Asia, think Hong Kong” in Germany

o FinTech Breakfast with Invest Hong Kong

o Leading Korean FinTech companies visit the Frankfurt financial center

o Delegation from South Korea visits the financial center Frankfurt


Contact: Dr. Jochen Biedermann