GermanyRSS

Commerzbank and BNP Paribas part ways over lending JV

Private equity firms take over German payment services provider Concardis

Commerzbank and BNP Paribas have ended their Munich-based lending joint venture (JV), Commerz Finanz. The German bank says it has reached an agreement with BNP Paribas Personal Finance on the split-off of the business division holding the instalment loans brokered by Commerzbank from Commerz Finanz. Michael Mandel, member of the board of managing directors of […]

Retail deposits platform Savedo acquired by fellow fintech Deposit Solutions

Deposit Solutions buys Savedo

Germany-based Deposit Solutions has acquired fellow fintech Savedo. With the acquisition of Savedo, Deposit Solutions gains 18,000+ clients, 13 partner banks and new regions – thus “further expanding its B2C capabilities”.

Misys and Diebold Nixdorf team for cloud banking tech in Germany

Misys Germany

Misys has announced the availability of its solutions for German retail banks in the cloud. Diebold Nixdorf will deliver infrastructure services out of its certified data centres in Germany.

Germany’s largest savings bank Haspa in major tech overhaul

SAP out, Finanz Informatik in, at Hamburger Sparkasse

Hamburger Sparkasse (Haspa), Germany’s largest savings bank, is modernising its front-to-back office technology with Finanz Informatik and Diebold Nixdorf.

Fintech start-up for SMEs Hufsy teams with SolarisBank for German launch

Berlin: where SME banking innovation happens

Hufsy, a Denmark-based fintech start-up focused on SMEs, is expanding into Germany. Its banking partner in Germany is SolarisBank.

Banks spellbound by innovation? Lessons learnt from digitalisation

Dr Andreas Dombret, Deutsche Bundesbank. Frank Rumpenhorst

Dr Andreas Dombret, member of the executive board of Deutsche Bundesbank, ponders why fintech innovation is such a hot topic now, of all times, what exactly innovation in banking means, and whether banks are even capable of being innovative.

Deutsche Bank launches new mobile payment app

Deutsche Bank app

Deutsche Bank has launched a new mobile payment app for Android devices.

SBI Holdings, Unicredit and Bertelsmann invest in SolarisBank

Solaris Bank

Berlin-based fintech SolarisBank has raised €26.3 million from Japanese financial group SBI Holdings, German media company Bertelsmann, Italian banking group Unicredit, plus other investors.

Accenture in German digital and US innovation drives

Accenture

Accenture will acquire German digital agency SinnerSchrader to boost its Accenture Interactive services in the country. Also, the company plans to launch ten new innovation hubs in the US in the next three years. Accenture has agreed to purchase a 62% majority of SinnerSchrader shares from co-founder and CEO Matthias Schrader, CFO Thomas Dyckhoff, and […]

FinTecSystems fuels Smava automatic credit system

Private equity firms take over German payment services provider Concardis

FinTecSystems, Fidor Bank and credit comparison site Smava have teamed up to offer the “first fully” automatic credit system with an “immediate payout” in Germany. Called Kredit2Go, the entire process of requesting, processing and disbursement is digital, and the payment is made immediately after the digital signature. FinTecSystems provides the “building blocks” for the credit assessment […]

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