flatexDEGIRO AG
Fintech Company ‘Zinsgold’ Launches in Germany
DGAP-News: FinTech Group AG / Key word(s): Product Launch
Fintech Company “Zinsgold” Launches in Germany – Zinsgold makes online investment in fixed-term deposits swift and easy
Zinsgold founder Frank Biedka states: “The partnership with the bank biw AG, which is based in Germany and regulated under German standards, allows us to offer investors a high degree of security for their capital. The modern bank technology of our partner FinTech Group AG has allowed us to implement our business model quickly, from idea to finished product.” With an estimated market volume of EUR 80 billion, fixed-term deposit investments are among the most popular types of financial investments in Germany. Zinsgold puts great emphasis on investment security. In addition, up to EUR 100,000 of each customer’s invested capital is secured via statutory deposit insurance. Our highly automated banking process also leads to cost savings that allow Zinsgold to offer investors the best terms and conditions. Frank Niehage, the CEO of FinTech Group AG, states: “With Zinsgold, we have helped develop a product that combines a digital platform with investor security. We placed top priority on customer trust and satisfaction in the business model – and, at the same time, we offer all the advantages that today’s customers expect from digital business models. Together with our partner Rocket Internet, we have quickly achieved a first milestone in the development of digital bank processes in Europe.”
Zinsgold is a digital platform that allows investments in fixed-term-deposits at attractive terms and conditions. The company was founded in the summer of 2016 by Rocket Inter- net and Frank Biedka, in partnership with FinTech Group AG. Zinsgold operates in Germany.
FinTech Group AG (new German WKN: FTG111, new ISIN: DE000FTG1111, new Ticker Symbol: FTK.GR) is one of the most significant innovative financial technology companies in Europe. Our B2C brands service a total of 200,000 private clients. Likewise, our B2B business lines are important technology partners for German and inter- national banks and financial institutions. Our wholly owned subsidiary flatex GmbH has been one of the innovation leaders in the German online brokerage market for years. About 160,000 private clients both in Germany and internationally have chosen flatex’ clear and transparent pricing model. XCOM AG, in which we hold a majority interest, was founded in 1988 and is a German pi- oneer in the area of financial technology. Today, XCOM AG is one of the most successful software and technology providers for banks and financial institutions. biw Bank für Investments und Wertpapiere AG, which also belongs to FinTech Group, has a full-service banking license and is the group wide backbone of our banking services. It also serves as outsourcing partner for other well-known banks (“white label banking services”) and is one of the most modern online banks in Europe. FinTech Group AG is also an important partner for many young fintech companies in the up- and-coming German start-up scene, who benefit from our innovative profile.
This release may contain forward-looking statements and information, which may be identified by formulations using terms such as “expects”, “aims”, “anticipates”, “intends”, “plans”, “believes”, “seeks”, “estimates” or “will”. Such forward-looking statements are based on our current expec- tations and certain assumptions, which may be subject to variety of risks and uncertainties. The results actually achieved by FinTech Group AG may substantially differ from these forward-looking statements. FinTech Group assumes no obligation to update these forward-looking statements or to correct them in case of developments, which differ from those anticipated. Contact: Roman Kessler Roman.kessler@fintechgroup.com Head of Communications FinTech Group AG Rotfeder-Ring 5 D-60327 Frankfurt/Main +49 (0) 69 450001 041 Roman.kessler@fintechgroup.com
2016-11-08 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English | |
Company: | FinTech Group AG | |
Rotfeder-Ring 5 | ||
60327 Frankfurt am Main | ||
Germany | ||
Phone: | +49 (0) 69 450001 041 | |
E-mail: | ir@fintechgroup.com | |
Internet: | www.fintechgroup.com | |
ISIN: | DE000FTG1111, DE0005249601 | |
WKN: | FTG111 | |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; Open Market (Entry Standard) in Frankfurt | |
End of News | DGAP News Service |