FinLeap Insights February 2018


Categories: Fintech, News, Ventures

With two months of 2018 passed already, so much has happened in the FinLeap Universe! In our first newsletter of the year, we want to update you on all the recent events, latest news and successes FinLeap and its ventures have experienced.

You have heard about the first ever fintech-acquisition from a German bank, namely ING Diba taking over the fintech Lendico, an online loan platform for SMEs. This transaction draws attention to the approach of banks and fintechs cooperating in order to exploit the whole value chain, something FinLeap has believed in and aimed for from the beginning. So, it’s no surprise that our venture solarisBank and loan comparison platform Smava are now offering a new instant credit product. Or the news that Elinvar could convince German private bank Donner & Reuschel to join as platform partner.

FinLeap News

The FinLeap family continues to grow
We have a new member in the FinLeap family: Infinitec Solutions. Our 14th venture just launched with the aim to serve the needs of the SME-industry regarding their financial management. The software-as-a-service company provides financial institutions and cooperations with the technology and makes it possible for SMEs to plan and manage company finances at a glance while providing direct access to custom-made banking and insurance products.
Read more at Handelsblatt (German)

Proudly presenting the Perseus Cyber Security Club 
Perseus, our cyber security venture addressing the cyber security demands for SMEs, was recently launched in September 2017 and is now taking the next step by starting their so called ‘Perseus Cyber Security Club’. Members of the club can benefit from different services, e.g. employee training or quick support in case of cyberattacks. Find out more about Perseus on their website

Elinvar partners with German private bank Donner & Reuschel
Great news for Elinvar – the digital B2B2C platform for asset and wealth managers: German private bank Donner & Reuschel will use Elinvar’s platform for its entire wealth management business with private clients. After already partnering up with M.M.Warburg & CO, this is another private bank with more than 200 years of expertise using Elinvar’s service to digitize their offering.
Read more at Börsenzeitung (Paid content) or private banking magazin (German)

Two fintechs and a credit 
The credit comparison portal Smava has launched their new instant credit “Kredit2Day” in cooperation with banking-as-a-platform solution solarisBank. By using the APIs of solarisBank, Smava can offer their clients low-priced, digital credits and with this satisfy the needs of customers for fully digital loan closings.
Read more at Handelsblatt (German)

A new partnership and an award for FinReach 
Our venture FinReach, the white-label-solution-provider for banks, announced yet another great milestone: Postbank, one of the biggest German major banks, decided to use the Account-Switch-Service in order to drive their strategy “digitally and in person” forward. With that, FinReach continues on its path of success and is currently the most used Account-Switch-Provider for banks in Germany.
Read more at finextra (English) or here (German)

Fintech Ladies Europe
The initiative Fintech Ladies Europe, founded by one of our Managing Directors, Dr. Carolin Gabor, aims to build a strong network of women in the fintech sector. After a successful dinner earlier in February in Munich, jointly hosted with HVB, we look forward to more inspiring events in Amsterdam and in Frankfurt.
Read more about the Fintech Ladies events here

PSD2 is about to change a whole industry 
Since 13th January 2018, the revised payment service directive (PSD2) came into force – the directive allows third-party access to customer account data, with explicit consent, offering new opportunities for the whole fintech and insurtech industry. With this change customers can benefit from higher security standards and fintechs & enterprises from new business opportunities.
Read more about PSD2 on the FinLeap Blog