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Centralway Numbrs unveils B2B banking platform

Numbrs logo

Centralway Numbrs is launching a B2B portal, enabling banks to integrate their financial products into its Numbrs Store in Germany digitally and free of charge. The firm says its store is Germany’s first financial products distribution platform, run independently of a bank. The store is part of its Numbrs app, which has got 1.5 million […]

Deutsche Bank leads charge for pan-industry e-identity platform

Private equity firms take over German payment services provider Concardis

Deutsche Bank and a variety of German and European companies have teamed up to establish a joint, pan-industry platform for online registration, e-identity and data services. The initiative was set up by the bank, Allianz, Axel Springer, Daimler, Postbank, technology think tank Core, and location services provider Here Technologies. Their aim is to “make online […]

Top fintech stories this week – 5 May 2017

Banking Tech 2

Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

Penta and SolarisBank team for business bank accounts for German SMEs

Berlin: where banking innovation happens

Two Berlin-based fintech firms, Penta and SolarisBank, have joined forces to provide German businesses with “fast access to bank accounts”.

Digital bank bunq goes international with open API

bunq goes international with open API

Digital-only banking start-up, bunq, has expanded beyond its native Dutch market to Austria and Germany with the launch of its open API.

Klarna acquires BillPay

Wipro acquires InfoServer

Sweden-based payments provider Klarna has acquired a fellow payments company in Germany, BillPay. The deal is understood to be worth £60 million.

Private equity firms to buy German payments provider Concardis from local banks

Private equity firms take over German payment services provider Concardis

Advent International and Bain Capital Private Equity have signed a definitive agreement to acquire Concardis, a German payment services provider currently owned by local banks. It is understood the price tag is around €700 million.

Mobile payments and European millennials: saying and doing are two different things

Cara O'nions, Vocalink

Vocalink has unveiled its comprehensive research into the habits and perceptions of millennials when it comes to mobile payments. Turns out, this group is still waiting for the “Uber moment” of payments.

Case study: Consorsbank – the pursuit of app-iness

Consorsbank

New retail banking apps are released onto the market daily – from traditional banks entering the app era to new disruptive payments services. What does each one of these apps have in common? The need to perform. When Consorsbank, part of BNP Paribas Germany, launched its retail app, it knew performance mattered. The bank shares how it delivered an app that consumers wanted.

Commerzbank in major job cutting spree

Commerzbank logo

Commerzbank has firmed up plans to lay off nearly 5,000 people. Around 3,000 job cuts will be across the bank’s branch network at home in Germany. Another 1,900+ jobs will be eliminated outside Germany and across Commerzbank’s subsidiaries.

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