Published on April 9th, 2018

FinLeap Insights April 2018: FinLeap and DVAG launch Deutsche Fintech Solutions GmbH

Dear FinLeap Friends,

With our second newsletter in 2018, we have a big announcement to share: the launch of our 15th venture, Deutsche Fintech Solutions GmbH. Together with Deutsche Vermögensberatung AG, we are building the joint venture to support the company with their digital transformation.

Besides this great milestone, we published together with PwC a whitepaper regarding a current trend in the banking world, namely outsourcing of financial services. You can also find out more about a few recent highlights from our ventures and our debut female hackathon, Texx Factor, coming up soon, which you can take part in.

FinLeap News

Human and artificial intelligence in tandem: DVAG and FinLeap launch Deutsche Fintech Solutions GmbH
We are super proud to announce that Deutsche Vermögensberatung AG (DVAG) – the country’s largest independent financial advisor – and FinLeap founded the Deutsche FinTech Solutions GmbH on April 1, 2018. The aim of this joint venture is to develop a digital tool that will support DVAG advisors by reducing time-consuming tasks such as analysis and long-term customer care, allowing them to focus on finding the best solution for the customer. The ~6 million DVAG customers will benefit from a better transparency of their current financial products, financial health & coverage and will also receive best-of-breed offerings. The management of the Deutsche Fintech Solutions consists of Reiner Neusser and Vincent Ma. FinLeap’s ability to adapt its know-how and expand into other great business models within the financial industry has been successful in forming this new partnership with DVAG.

Outsourcing 3.0 in Banking – FinLeap and PwC Whitepaper
While digitization within the financial industry continues to grow and becomes more essential for survival it is no surprise that banks are increasingly partnering with fintechs to fulfill the new demands of the sector. To examine this current trend in the industry, FinLeap published together with PwC, a whitepaper to explore current outsourcing directions for banks in Germany and new providers entering the market in the financial services industry. The whitepaper reveals a new way of outsourcing for banks – including a use case with solarisBank.
Interested? Download the whitepaper here

solarisBank wins new investors and becomes ‘Fintech of the Year 2017’
solarisBank, the first banking platform with a full banking license, has successfully brought on board further investors after its series A funding one year ago. With their series B round, a total of EUR 56.6 million was raised and four new strategic and financial investors joined the circle of investors, namely BBVA, Visa, Lakestar and ABN AMRO’s Digital Impact Fund (DIF). It is a fantastic result for solarisBank, not only have they completed one of the largest fintech funding rounds ever in Germany, but additionally have won “Fintech of the Year 2017”, awarded by Paymentandbanking! These recent successes further prove their banking-as-a-platform concept and motivate solarisBank to blaze trailing through 2018.

FinReach and DKB launch digital customer assistant “Herbie”
The second largest German direct bank, DKB, has signed on to use FinReach‘s digital customer assistant “Herbie” to accompany interested consumers online on their way to a private loan. The chatbot, based on artificial intelligence, is capable of guiding consumers through the process of applying for a consumer credit online.

Our first all-female hackathon Texx Factor
On the 11th and 12th April, we are hosting together, with Deutsche Bank our first all-female hackathon, Texx Factor! The hackathon is designed for women by women to solve the gender gap and bring together women with different skill sets in tech, product or entrepreneurship to have fun, network, code, prototype, design, and get advice from selected coaches. The challenge for the participants is to create a technical solution (of course, made by women for women) that motivates them to deal with their financial situation during their individual phases of life and help shape it. Even if you don’t participate, you can take part in the Texx Factor afternoon event on the second day and see the pitch sessions as well as enjoying the networking dinner afterwards.
Read more about Texx Factor here or register for the pitch & networking event here