As the year draws to a close, we can look back on a number of highlights. That 2016 was such a successful and special one for figo was, of course, first and foremost due to our customers, partners, and supporters – in other words, you! (more…)
My dear PSD2 …
… it’s been almost a year since you stepped into our lives. We fell in love with you at first sight. You were the answer to our hopes for innovation in open banking, consumer freedom and for our legally watertight business models in what was once a rather uncertain area. We were attracted by your EU level-playing-field character, your empathy for fintech use cases and your potential for fostering collaboration between banking incumbents and new market players.
Like in every good relationship your flaws have shown through the more time we have spent together. (more…)
DB1 Ventures, the Corporate Venture Capital arm of Deutsche Börse Group, has participated in a Series B financing round for the Hamburg-based FinTech company figo GmbH and is investing a seven-digit amount for a significant minority stake. Further investors are reputable business angels from Germany. figo raised €6.8 million in total in the current financing round. (more…)
Make payments by instalments in every online shop. Impossible? Wrong! IntraBase shows how and takes 1st place at the Bankathon 2016
Take one event–the first Hamburg FinTech Week, one organizer – namely figo, 16 sponsors, nine media partners, six API partners, a 30-hour time limit, 85 ingenious programmers and product developers forming 21 teams, as well as over 200 participants at the Final Pitches. One of the biggest FinTech events that has ever taken place in Hamburg has finished, and believe it or not, the icing on the cake at Bankathon 2016 was the EU Payment Services Directive 2 (PSD2)! The task for the teams, who participated in the FinTech programming competition from 9 to 11 October, was based on the ‘Access to Account’ concept. To put it simply: the contestants had to include an existing bank account in their ideas and solutions. (more…)
Banking and FinTech markets are currently faced with consultations on PSD2 content as part of national implementation processes as well as at the EU level with consultations initiated by the European Banking Authority (EBA) on their first Guidelines and Regulatory Technical Standards as mandated by the PSD2. (more…)
A pool of knowhow, ideas and products which also benefits banks
Banking is becoming a context-based, and above all, useful everyday companion. Making this possible requires a combination of inspiration, creativity, ideas, and of course the ability to bring the mix to reality. Not to mention an entire profession: IT professionals active in the FinTech field, the most sought-after good in an industry! Nearly 1,000 developers, companies and banks are now working with the figo banking API, proof that the Hamburg company has developed a dynamic FinTech ecosystem. Clearly, figo has an asset in place from which banks and software companies can benefit. With the banking API, third parties have the opportunity to connect their applications, products and services with several thousand financial sources in a short time. (more…)
The team from CANDIS participated already in the first edition of Bankathon in April 2015. The team actually developed the first version of CANDIS during the competition – and won the first prize! In the following weeks, team leader Christopher Becker and his colleagues registered the company, rented an office and in the beginning of 2016 raised one million Euros from Point Nine Capital and other investors.
In this Bankathon interview, Christopher Becker tells us about his experience and why the team is joining again for the third edition of Bankathon 9 to 11 October in Hamburg. (more…)
In the last weeks, we introduced our sponsors for this year’s Bankathon, which takes place from 9th to 11th October in Hamburg. Some weeks ago we started with FinLeap, one of our Gold Sponsors. Our questions were answered by Matthias Lange, Managing Director of the Berlin company. Here is the English version for the non-German readers. (more…)
There are many FinTech hackathons out there – but there is just one Bankathon! We live FinTech every second – and so do all the people we attract: sponsors, media partners, API sponsors and also the guests at the final pitches. But how to attract true FinTech developers? At Bankathon everything is FinTech – and this year even our prizes are FinTech. The lucky winners of the third Bankathon will win free trips all around the world to attend the most prestigious FinTech developers conferences! So you should ask yourself: Do you have the skills to win a free trip to New York? Register now! (more…)
Our third Bankathon is less than one month away and we are excited to present you the APIs (and infrastructure) that will be available – all of them will send representatives to support you during the implementation. The APIs are from the areas of banking, loyalty, credit cards, portfolio analysis and Blockchain. So the main question is: What will you develop based on these APIs? Register now (more…)