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  • @fintechna 3:35 pm on December 13, 2016 Permalink | Reply
    Tags: , , , , , , Deutsche, , , , , ,   

    Deutsche Bank Names Two New Tech Leaders In Fintech Push 

    AG has hired two new as the German bank seeks to boost development.

    Deutsche Bank Names Two New Tech Leaders In Fintech Push fintech

    via Linkedin

    Deutsche Bank Names Two New Tech Leaders In Fintech Push fintechElly Hardwick, the former chief executive of Credit Benchmark, has joined Deutsche Bank&;s London office as the new head of innovation, which includes oversight of all Deutsche Bank Labs.

    The bank announced plans to open three Deutsche Bank Labs last year in Berlin, Silicon Valley and London. The labs are aimed at helping the organization apply new technologies to enhance its products, services and processes. It will help it innovate and deepening its relationships with startups.

    Hardwick will also work with fintech startups and the firm&8217;s business units to drive new technology adoption, the bank said in a statement last week.

    Philip Milne, who previously was the CEO and founder of a Silicon Valley virtual reality startup, joined Deutsche Bank&8217;s Palo Alto office in November as chief technology officer for innovation. Milne has been acting as &;an interface between the Deutsche Bank Labs and the bank&8217;s wider technology organization.&;

    Both Hardwick and Milne will report to JP Rangaswami, the chief data offer and head of strategy and innovation for the bank&8217;s chief operating office.

    Deutsche Bank has been facing a number of headwinds and its increased focus on fintech is intended to help it shore up its capital position and stabilize its share price, according to the Wall Street Journal. The firm said earlier this month that it plans to cut roughly 3,400 trading clients a part of a broader restructuring designed to cut costs and restore long-term stability.

    Deutsche Bank Lab

    The Deutsche Bank Labs are part of the bank&8217;s Strategy 2020 under which it plans to spend up to EUR 1 billion on digital initiatives over a period of five years.

    Deutsche Bank Names Two New Tech Leaders In Fintech Push fintech

    Deutsche Bank Digital Factory in Frankfurt, Germany, via DB.com

    Alongside the labs, Deutsche Bank has also opened a Digital Factory in Frankfurt where it focuses on developing digital banking products. Around 400 software developers, IT specialists and financial experts from 14 nations were working together in the space as of September 2016. The bank plans to increase headcount to 800 by 2018.

    In October, Deutsche Bank partnered with Misys for a five-year enterprise license agreement to deploy Misys FusionBanking Lending and Misys FusionCapital solutions across the business.

    Misys’ FusionBanking Lending offering includes the Loan IQ back office platform for syndicated lending and the front-end that originates from Custom Credit Systems, a US-based provider of commercial loan software which Misys acquired in 2014.

    The FusionCapital solutions include a number of treasury and capital markets systems acquired by Misys over the years: Opics, Summit, Kondor and Sophis’ Risque.

    Deutsche Bank Partners with Plug and Play Berlin

    In September, Deutsche Bank teamed up with startup accelerator Axel Springer Plug and Play in Berlin to back banking and insurtech startups with cash and other support.

    Upon completion of the program, which runs during 100 days, Deutsche Bank could decide to invest and partner with the companies. Investment would range between EUR 100,000 and EUR 500,000. The bank seeks to back and partner with roughly six companies by the end of 2017, according to the Financial News.

    Matthaeus Sielecki, head of working capital advisory, financial technology, at Deutsche Bank, said in a recent interview that and fintech startups must learn to co-operate to align strengths while addressing shortcomings.

    &8220;In a highly regulated market such as financial services, neither type of organization can innovate and scale on its own,&8221; Sielecki said. &8220;Together, they can find the best ways of serving business customers in the digital age &; by combining cutting-edge creativity with proven processes and infrastructure.&8221;

    The statements echoed an extensive report released earlier this year in which Deutsche Bank calls for more collaboration between financial institutions and the startup community to leverage their respective strengths.

     

    Featured image: Deutsche Bank Twin Towers, Frankfurt, Germany, via Wikimedia.

    The post Deutsche Bank Names Two New Tech Leaders In Fintech Push appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.

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  • @fintechna 3:35 pm on December 2, 2016 Permalink | Reply
    Tags: , , , , , , , , , Deutsche, , , ,   

    Blockchain Technology – Opportunities and Challenges- Speech by Deutsche Bundesbank 

    Keynote Speech at the 6th Central Banking Workshop 2016 by Carl-Ludwig Thiele, Member of the Executive Board of the Deutsche Bundesbank.

    Introduction

    I would like to warmly welcome you to the 6th Central Banking Workshop. I am delighted that we have been able to attract such top-class speakers and participants to this event, who, given their experience and knowledge, are able to provide valuable contributions on what is a highly topical subject. This year, the workshop is about , which has generated a large swell of public interest, or even hype, one could say.

    With our workshop, entitled &;Blockchain technology – opportunities and challenges&8220;, we want to enable a lively exchange between researchers, practitioners and regulators. Each of these groups, in its own right, has a keen interest in this topic. But, as Ernst Ulrich von Weizsäcker once said: &8220;An exchange of views requires people to talk to each other, not about each other&;. In this spirit, I hope that we will have a stimulating exchange of views over the coming days.

     

    Blockchain Technology – Opportunities and Challenges- Speech by Deutsche Bundesbank fintech

    Blockchain technology is currently generating almost exuberant enthusiasm among , enterprises and public bodies. New initiatives and cooperation agreements on blockchain applications are being announced in the financial press on a near daily basis. This is not limited solely to banks and private enterprises, but also encompasses projects by governments and central banks.

    Examples of such cooperation agreements can be found on all of the world’s continents. Beside Fintechs and other startups, participants include the Bank of England, stock exchanges in the United States, Australia and Japan, as well as numerous commercial banks, to name only a few. Even an aircraft manufacturer, Airbus, is exploring blockchain for the purpose of process optimisation.

    Structure and Objectives of The Workshop

    How is it that a relatively complicated form of technical processing is generating such enthusiasm?

    In this workshop we want to address this question by talking about the possibilities that blockchain technology opens up and the this presents.

    This is anything but a trivial undertaking. Indeed, views on these possibilities and challenges vary greatly from person to person, but also among institutions. At present, there is no telling whether blockchain will supersede existing technology in a few years’ time. All the more reason, therefore, is to examine this technology and its implications in detail and gather key insights about it. This is true, not least, for central banks and regulators. So what lies behind this technology?

    Even when it comes to a basic definition, we see that the word blockchain is not always used to mean the same thing. Often, the term &8220;distributed ledger technology&8221; is used as a synonym for blockchain. If we regard distributed ledger technology as the principle behind distributed databases, blockchain represents a sub-category thereof. However, there is, as yet, no uniform definition of the term.

    Blockchain Technology – Opportunities and Challenges- Speech by Deutsche Bundesbank fintech

    Image: Stock market chart by bluebay via Shutterstock.com.

    An elementary understanding of the technology is a prerequisite for discussing its potential, which is why module 1, entitled &8220;Blockchain – basics, technological achievements and general potential&8221;, is dedicated to this question.

    Blockchain became known, above all, as the technology behind the . The term is derived from the fact that transactions are grouped together in &8220;blocks&8221;. These blocks are chained together through a complex mathematical procedure that is unforgeable and tamper-proof.

    Essentially, blockchain allows a ledger of transactions to be run on a decentralised basis within a network. The technology therefore enables the safe transmission of all manner of assets (not just bitcoin), without the need for confirmation from a central institution. With blockchain, reconciliation between participants occurs automatically. But what are we to do with this technical innovation?

    Plato once said that: &8220;Necessity is the mother of invention&8220;. But in the case of blockchain, we are seeing the exact opposite. The invention, ie blockchain, has already been born. Now people in many places are searching for the necessity – for the specific cases where it can be applied in practice.

    Blockchain-based technologies offer up the chance of simplifying complex intermediation processes for payment and settlement activities. Virtually all payment service providers are therefore currently looking for ways to apply this technology. Its use in payment transactions is an obvious choice, as the cryptocurrency bitcoin has already been created for this purpose.

    But does it make sense to use blockchain in this of all areas? And in what form should it be used in the area of payment transactions? These questions will be addressed in module 2 of the workshop: &8220;Possible business cases for payments&8221;.

    Payment transactions based on blockchain inevitably also raise the question of virtual currencies. Bitcoin was created shortly after the outbreak of the financial crisis and was intended to serve as a countermodel to the prevailing financial system. At first, bitcoin fired many people’s imagination and led some to expect a revolution in the financial system. It seemed conceivable that banks or even central banks could be bypassed and that a genuine &8220;gold standard&8221; could be created, based on bitcoin and independent of politicians and central banks. In addition to bitcoin, over 700 other virtual currencies have been created. However, none of these virtual currencies have managed to move beyond a niche existence.

    The blockchain used to transmit bitcoins needs to be considerably altered to make it suitable for financial transactions. It is unclear whether the core problems of blockchain in terms of performance, scalability and security can be solved to allow a broad market rollout.

    The question of the future of bitcoin and digital currencies in general will be examined in more detail in module 3: &8220;Bitcoin – a promising alternative for payments?&8221;

    Blockchain Technology – Opportunities and Challenges- Speech by Deutsche Bundesbank fintech

    Image credit: Golden Bitcoins by Julia Tsokur via Shutterstock.com

    It is interesting to see how the public debate has developed since the early days of bitcoin. Efforts are now centred on evolving blockchain into a basic technology capable of facilitating allocation processes across companies. The potential users of this technology are often precisely those institutions which the creation of bitcoin was originally designed to make superfluous.

    In addition to its application in payment transactions, numerous blockchain-based applications are being developed for securities settlement. Possible advantages from the use of blockchain technology arise not only from the technology itself, but also through process optimisation and potential disintermediation in this area.

    Securities settlement has improved considerably in recent years, especially in Europe. However, this development is not yet complete, as the settlement landscape remains complex and is characterised, in part, by convoluted processes. Although we trade securities within nanoseconds, we need several days to settle these transactions.

    We will take a closer look at securities settlement in module 4, entitled &8220;Possible applications and its potential in the post-trade industry&8220;.

    Blockchain Technology – Opportunities and Challenges- Speech by Deutsche Bundesbank fintech

    Image credit: Bitcoin by 3Dsculptor, via Shutterstock.

    These numerous questions and potential radical changes on the financial markets present us, as a central bank, with particular challenges – in payment transactions, securities settlement and beyond. The workshop therefore focuses on the special role of central banks in module 5, entitled &8220;Blockchain – a central bank perspective&8220;.

    As a central bank, we are faced with the question of how to deal with blockchain technology. In settlement, we are affected in two ways. As an operator of central payment and securities settlement systems, we also need to think about the future development of these infrastructures, despite the high performance systems already in existence. Blockchain-based technologies must be integrated in such a way that they provide added value. Indeed, as entrepreneur and politician Philip Rosenthal once said: &8220;He who ceases to be better, ceases to be good&8220;.

    From the perspective of oversight, we need to keep a careful watch on current developments and intervene if necessary. A deep technical understanding is necessary in order to respond appropriately to new business models from a regulatory perspective.

    The two decisive criteria that we need to measure distributed ledger and other new technologies by are the following.

    &; First, does using the new technology improve the security of the systems or at least not make it worse?

    &8211; And second, does the use of new technologies increase the efficiency of financial market infrastructures?

    Current Developments and Outlook

    Many enterprises and institutions currently working on blockchain-based solutions expect to reap great benefits from them. Blockchain technology holds out the promise of cost savings, de-risking potential and efficiency gains. This includes, among other things, the automation of work-sharing processes as well as faster processing and the fulfilment of contractual obligations via smart contract solutions.

    One positive effect that can already be seen is industry-wide cooperation. Dialogue between various market participants on future market developments can foster mutual understanding and facilitate the harmonisation of processes. This makes it possible to adequately react to the challenges posed by new technologies. This is of importance in the financial industry, in particular, which is characterised by network effects.

    Blockchain Technology – Opportunities and Challenges- Speech by Deutsche Bundesbank fintech

    Via Pixabay

    That said, one should not simply gloss over the challenges and weaknesses posed by the technology.

    The requirements imposed on regulated providers cannot currently be met by blockchain technology, or can only be met with difficulty. This concerns, for example, the question of how to engineer absolute finality. Furthermore, the know-your-customer requirements need to be observed and the confidentiality of transaction data must be ensured. This is also a reason why the regulatory status of blockchain technology in many countries is still unclear.

    Furthermore, despite the supposedly greater resilience of its decentralised structure, blockchain still has high obstacles to surmount before it can be applied across the board, owing to its susceptibility to manipulation. Recent hacker attacks are a case in point.

    This is another reason why the debate has largely shifted from open blockchain applications, such as bitcoin, to closed networks with a limited circle of participants.

    Conclusion

    Inefficiencies are often perpetuated not by a lack of technology, but by (historical) structures. Blockchain technology is therefore not a patent solution for change, but it does provide an opportunity to make change.

    Disruptive technologies require time to develop, mature and unfurl their full potential. Not every innovation succeeds, though, and it remains to be seen how the application of blockchain technology will develop.

    Following the revolutionary beginnings with bitcoin, the prevailing view now seems to be that blockchain applications will spread rather more gradually. One might therefore speak of evolution rather than revolution. Before we can even ask questions about the broader use of this technology, we must first be sure that using this new technology is at least as secure, efficient and cost-effective in financial transactions as conventional technology.

    Blockchain Technology – Opportunities and Challenges- Speech by Deutsche Bundesbank fintech

    Image: Global Bitcoin Network by Oez, via Shutterstock.

    Blockchain technology could become a game changer, in the financial industry and, perhaps in particular, beyond. The potential of blockchain technology is often compared to that of the internet. It should be remembered that it took some time before the truly beneficial applications of the internet emerged. With blockchain, we are only at the very beginning of a potential development of this kind.

    Innovations are the lifeblood of a continually developing economy. Moreover, evolution processes are never linear. The first great wave of euphoria, which was also seen in the media, is being followed by a phase of checking, weighing-up and consolidation, before new offers and technologies are rolled out on a broad scale.

    Ladies and gentlemen, Goethe once said: &8220;We know accurately only when we know little; with knowledge doubt increases.&8221;

    My impression is that with the increasing efforts being devoted to blockchain technology, doubts will also increase as to whether this technology can meet the expectations being placed on it, which in some cases are extremely high. The question that we want to examine in more detail in this workshop is what specific doubts we have and whether the technology can overcome them.

    I would like to conclude by wishing you all an interesting and, above all, informative workshop.

    Thank you very much for your attention.

     

    About Carl-Ludwig Thiele

    Blockchain Technology – Opportunities and Challenges- Speech by Deutsche Bundesbank fintech

    Carl-Ludwig Thiele &8211; Executive Board of the Deutsche Bundesbank

     

     

     

     

     

     

     

     

     

    The post Blockchain Technology – Opportunities and Challenges- Speech by Deutsche Bundesbank appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.

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  • @fintechna 3:35 am on November 29, 2016 Permalink | Reply
    Tags: , , , Deutsche, , , , Sportausweis, vereinbaren   

    MUUME und der Deutsche Sportausweis vereinbaren Kooperation 

    Das Schweizer -Unternehmen MUUME und die Deutsche Sportausweis GmbH kooperieren. Ein Ziel ist es, den physischen unter Verwendung der Technologie zu digitalisieren und ein Cross-Channel-Service inkl. Payment für den Deutschen Sport zu etablieren.

    Die Partnerschaft wird den Deutschen Sport-/Vereinsausweis um die vielfältig einsetzbaren MUUME Lösungen erweitern. Dafür soll u. a. eine eigene Smartphone-App Einkäufe in kooperierenden Geschäften möglich machen oder auch für digitale Services im Vereinsumfeld dienen &; wie z.B. bei lokalen Partnern von Sportvereinen.

    MUUME und der Deutsche Sportausweis vereinbaren Kooperation fintech

    Die Vorteile für Sportvereine und -verbände liegen auf der Hand: Die Risiken einer Bargeldabwicklung, die personalintensiv ist und häufig zu intransparenten Abrechnungen führt, werden konsequent eliminiert &8211; egal ob im Vereinsheim, der Gastronomie, beim Verkauf von Eintrittskarten, Wertmarken oder der Abrechnung von Kurs- oder Platzgebühren. Zudem kann das Problem des Bargeld-Diebstahls deutlich reduziert werden. Ein weiteres Anwendungsfeld ist das Team-Wallet, mit dem Teams Geldbeträge, etwa Teilnahmegebühren, Mannschaftskassenbeiträge oder Spenden, einsammeln können.

    Ziel der ist es, die gemeinsamen Services sukzessive als Standard des Deutschen Sports gegenüber den ca. 1.450 Sportverbänden, ca. 90.000 Sportvereinen und über 27 Millionen Mitgliedschaften sowie den zugehörigen Betriebs- und Sportstätten zu etablieren.

    Die Sportausweis GmbH ist exklusive Betreiberin des Systems &;DOSB Deutscher Sportausweis&;, dem offiziellen nationalen Ausweissystem des Deutschen Olympischen Sportbundes, von Landessportbünden und Spitzenverbänden. Sie harmonisiert vereins- und verbandsübergreifend Mitgliedsnummernkreise und schafft eine einheitliche digitale Plattform zur effizienteren Verwaltung und synergetischen Kooperation zwischen Vereinen und Verbänden.

    MUUME und der Deutsche Sportausweis vereinbaren Kooperation fintech

    &8220;Durch die enge Zusammenarbeit mit MUUME, können wir die digitalen Einsatzbereiche weiter ausbauen, die Vereinen und Ihren Mitgliedern, sowie den Sportverbänden verwaltungstechnisch und sportorganisatorisch neue Möglichkeiten eröffnet&8221; so Stephan Penz, CEO DSA.

    &8220;Der Deutsche Sportausweis ist das zentrale Dokument des Sports in ganz Deutschland. Wir möchten dem Ausweisinhaber noch mehr Anwendungsmöglichkeiten bieten und digitale Funktionen beisteuern, die für alle Nutzer einen echten Mehrwert bedeuten. Ich freue mich auf die Zusammenarbeit und auf die Umsetzung der vielen Ideen, die wir für und mit der DSA entwickelt haben&8221;, so Marco Samek, CEO MUUME.

    The post MUUME und der Deutsche Sportausweis vereinbaren Kooperation appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.

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  • @fintechna 3:35 am on September 7, 2016 Permalink | Reply
    Tags: , , , , Deutsche, , , sollte   

    10 Deutsche Bitcoin Blogs die man kennen sollte 

    Bei , was sich aus den Begriffen „Bit“ (kleinste Speichereinheit am Computer) und „Coin“ (Münze) zusammensetzt, handelt es sich um eine digitale Währung die elektronisch geschaffen und verwahrt wird. Diese Bitcoins lassen sich an speziellen Börsen kaufen und können verwendet werden, um Online-Zahlungen zu leisten und damit physische Produkte zu erwerben.

    Die wichtigste Eigenschaft des Bitcoin ist jedoch, dass er dezentralisiert ist. Das bedeutet, dass anders als im herkömmlichen Bankverkehr hier keine zentrale Abwicklungsstelle benötigt wird.

    Für all diejenigen, die noch nie etwas über Bitcoins gehört haben oder diejenigen die ihr Wissen über Bitcoins erweitern möchten beziehungsweise rundum up-to-date sein wollen, werden im Folgenden 10 lesenswerte deutschsprachige Bitcoin vorgestellt:

    The Coinspondent | https://coinspondent.de/

    10 Deutsche Bitcoin Blogs die man kennen sollte fintech

    The Coinspondent ist ein Rechercheblog über Bitcoin und die zugrundeliegende -Technologie. Dabei befasst sich The Coinspondent mit den aktuellen und hintergründigen wirtschaftlichen, technischen und gesellschaftspolitischen Veränderungen bezüglich Bitcoins.

    Coinwelthttp://coinwelt.de/

    10 Deutsche Bitcoin Blogs die man kennen sollte fintech

    Coinwelt ist ein deutschsprachiger Bitcoin Blog, der neben der digitalen Währung Bitcoin, auch über andere Währungen wie beispielsweise Ether, Litecoin und Dogecoin berichtet. Auf Coinwelt finden interessierte Leser Informationen über das Potenzial als auch über die Risiken, die diese digitalen Währungen mit sich bringen.

    BTC Echo | https://www.btc-echo.de/

    10 Deutsche Bitcoin Blogs die man kennen sollte fintech

    BTC Echo versorgt Leser tagesaktuell mit allen relevanten News und gibt einen schnellen und umfassenden Überblick über internationale Geschehnisse auf dem gesamten digitalen Währungsmarkt.

    Bitcoin Bloghttps://bitcoinblog.de/

    10 Deutsche Bitcoin Blogs die man kennen sollte fintech

    Der Bitcoin Blog, geleitet von Christoph Bergmann und finanziell unterstützt von Bitcoin.de, wurde 2015 mit dem finanzblog award (Publikumspreis) ausgezeichnet und ist somit unangefochten auf Platz 1 in Deutschland. Auf diesem Blog lassen sich detaillierte Grundlagenartikel über Bitcoin und ausführliche Reportagen finden. Zudem finden sich dort Artikel von renommierten Gastautoren.

    Bitcoinnews CH | http://www.bitcoinnews.ch

    10 Deutsche Bitcoin Blogs die man kennen sollte fintech

    Auf Bitcoinnews Schweiz können Leser neben den allgemeinen Grundlagen über Bitcoins, speziell Informationen und News bezogen auf die Schweiz lesen. Darüber hinaus findet man auf Bitcoinnews CH auch Bitcoin Bücher Empfehlungen und kann bei Interesse über den Blog an Bitcoin Einführungen, Seminaren und Workshops teilnehmen.

    BitcoinBloggerhttp://bitcoinblogger.de/

    10 Deutsche Bitcoin Blogs die man kennen sollte fintech

    Dieser deutschsprachige Blog befasst sich mit den aktuellen Entwicklungen in der Bitcoin Community, interessanten Geschäftsmodellen und verschiedenen Anwendungsfällen, sowie Informationen über technische Hintergründe.

    Bitcoin Live | https://bitcoin-live.de/

    10 Deutsche Bitcoin Blogs die man kennen sollte fintech

    Das oberste Ziel von Bitcoin Live ist es, den interessierten Lesern einen schnellen Gesamtüberblick der nationalen als auch internationalen Geschehnisse aus dem Bereich der Kryptowährungen zu verschaffen. Realisiert wird dies durch den Newsticker, den es auf Deutsch und auch auf Englisch gibt sowie durch die Content-Kuration verschiedener Blogs.

    BTC Germany | https://btcgermany.de/

    10 Deutsche Bitcoin Blogs die man kennen sollte fintech

    Auf BTC Germany erhalten Leser die wichtigsten Neuigkeiten aus aller Welt zu den verschiedenen Themen Bitcoin, Altcoin, Mining, Börsen, Wallets, Handel, Marktkapitalisierung und allgemein .

    Altcoin Spekulant | https://altcoinspekulant.wordpress.com/

    10 Deutsche Bitcoin Blogs die man kennen sollte fintech

    Altcoin Spekulant ist ein deutscher Blog, der sich schwerpunktmässig um Investitionen in Altcoins beschäftigt. Dieser Blog stellt dabei eher die Investmentperspektive in den Vordergrund und weniger das Minen oder technische Detailfragen.

    Coin-bloghttp://www.coin-blog.de/

    10 Deutsche Bitcoin Blogs die man kennen sollte fintech

    Coin-blog ist ein Blog, welcher insbesondere Networkern (MLM), Vertrieblern, Sparern und Selbstständigen gewidmet ist. Das Wissen, das zum Teil auf Network-, Attraction- und Onlinemarketing basiert und auf diesem Blog vermittelt wird, soll helfen mehr Leads, Kunden, Teampartner und finanzielle Freiheit zu erreichen.

    The post 10 Deutsche Bitcoin Blogs die man kennen sollte appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.

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  • @fintechna 12:59 pm on July 1, 2016 Permalink | Reply
    Tags: , , , Deutsche, , ,   

    Deutsche Börse Creates DB1 Ventures to Invest in Fintech Companies 

    DB1 emerges as Borse’s new venture capital fund for investments.
    FinTech – Finance Magnates | Financial and business news

     
  • @fintechna 3:35 am on June 23, 2016 Permalink | Reply
    Tags: , , Deutsche, , , Foster, , , , ,   

    Deutsche Börse Group: A new platform to Foster Strategic Investments in Fintech Firms 

    announced the launch of a dedicated corporate venture capital (CVC) DB1 Ventures – which fosters in .

    The DB1 Ventures team will be primarily based in Frankfurt and will undertake new investments as well as actively manage Deutsche Börse’s existing minority shareholdings. While Deutsche Börse has already made several strategic investments in early stage and mature companies, the new approach allows the Group to actively manage its existing and new portfolio to realize the full potential of these strategic shareholdings.

    DB1 Ventures will invest only in areas that are strategic to Deutsche Börse. The focus will primarily be on early to growth stage fintech firms in order to establish mutually beneficial partnerships. DB1 Ventures will initially be funded via the significant resource base of Deutsche Börse’s balance sheet. The strategic investments will be governed by a dedicated Investment Committee, which will be chaired by Deutsche Börse CEO Carsten Kengeter and have a cross functional and business perspective.

    Deutsche Börse Group: A new platform to Foster Strategic Investments in Fintech Firms fintech

    Carsten Kengeter, CEO of Deutsche Börse.

     

    “Our objective with DB1 Ventures is to continue to be active in investing in early to growth stage ventures which are core or adjacent to our client, product, geographic and strategy. And as part of our active management, we will also deepen and extend promising partnerships with some of our current portfolio companies,” said Carsten Kengeter, CEO of Deutsche Börse.

    Ankur Kamalia, Managing Director Deutsche Börse, Head of Venture Portfolio Management and responsible for DB1 Ventures, explained: “This dual approach will allow us to bring in our professional expertise as a market infrastructure provider and offer value creation opportunities for fintech companies. In return, we will benefit from new ideas and technological developments in an early stage. Simultaneously, we continue to actively manage our existing portfolio of investments, including divestments where necessary.”

    New study “Future of Fintech in Capital Markets”

    Deutsche Börse, in collaboration with Celent, a financial technology research and advisory firm, has analyzed the significance of fintech firms and its potential impact on market infrastructure incumbents. The new report “Future of Fintech in Capital Markets” highlights the opportunity for market infrastructure providers to interact with fintech firms and drive a higher degree of strategic partnership. Since 2008, capital flow into fintech investments has grown six-fold. Last year, about $ 19 billion in capital was invested globally in fintech across approximately 1,200 deals. CVCs now represent 25 percent of global fintech capital flows.

    Deutsche Börse Group: A new platform to Foster Strategic Investments in Fintech Firms fintech

    David Easthope, Senior Vice President and responsible for the Securities and Investments practice of Celent: “Major parts of the financial services ecosystem are being transformed by pioneering financial technology firms. Instead of going alone, fintech firms can decide to pursue a collaborative approach with leading incumbents through partnerships, including market infrastructure firms. Combining forces will allow fintech firms to shape the future of capital provision, technology, and other industry workflows.”

    Download the full study: Future of Fintech in Capital Markets

    Recent Fintech developments of Deutsche Börse

    &; In April 2016, Deutsche Börse opened its Fintech Hub in Frankfurt to support the Hessian State Government’s initiative to set up a fintech cluster in Frankfurt. With this Hub, Deutsche Börse aims to promote Germany’s start-up and investment culture.

    &8211; In February 2016, Deutsche Börse sold its 50 percent stake in Infobolsa S.A. to
    its joint venture partner BME.

    &8211; In January 2016, Deutsche Börse also took part in a capital increasing round for Digital Asset Holdings, a developer of distributed ledger technology for the financial services industry. Launched in 2015, Digital Asset’s mission is to improve efficiency, security, compliance and settlement speed while reducing costs through the implementation of distributed ledger technology. Digital Asset software radically improves post-trade processing efficiency, reducing cost, latency, errors, risk and capital requirements.

    &8211; In November 2015, Deutsche Börse Group invested in Illuminate’s IFM Fintech  Opportunities Fund: This fund focuses on fintech companies in areas such as compliance, regulation and connectivity, among others, which fits into Deutsche Börse’s growth strategy to extend its service portfolio.

    The post Deutsche Börse Group: A new platform to Foster Strategic Investments in Fintech Firms appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.

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