figo talks PSD2 #11: PSD2 & Innovation – What’s in for the consumer?

PSD2 & Innovation - What's in for the consumer?

Let’s talk about how to use innovative FinTech solutions under PSD2 for the greater good for the consumer!

The guests of our 11th episode of ‘figo talks PSD2’ are Jana Koch (Head of Start-up Garage | comdirect) and Nadja Schlössel (Head of Product Strategy | figo). They focus on the effects of PSD2 from the consumer’s point of view.

 

What are the potential risks and opportunities, being born out of Open Banking? How will PSD2 enhance the competition and change the landscape?

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#figoInside: Pickware introduces its Shopware plugin for automatic comparison of banks

This time on #figoInside: Samuel Vogel, CEO of Pickware. Pickware was released to the public for the first time in 2015, making life much easier for retailers – whether online or in the brick-and-mortar store. Since May 2016, the product has been the official ERP system of Shopware and now operates under the name “Shopware ERP powered by Pickware”. One of its many innovations is a plugin that automatically compares and assigns outstanding invoices and incoming bookings using figo’s technology. This saves online retailers a lot of time, to say nothing of nerves. In the following interview, Samuel Vogel tells us exactly how the idea for the plugin came about, what advice he would give to a bank CEO, and what role figo plays in Pickware.

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Bankathon #6 – The original returns to Frankfurt

The Bankathon reaches half a dozen! The sixth edition of the FinTech- and banking-related hackathon will take place from 27 to 29 August 2018 in Frankfurt am Main, this time as part of the Handelsblatt Conference “Banking Summit”. The Bankathon brings together representatives of banks and FinTech, developers, industry experts and other interested parties. Based on prototypes developed there, they experience where the “open banking” journey, driven by the PSD2, can go. As an independent platform, the event is the perfect place for open exchange – free of any silo mentality. This is proven by the success it’s already had: after five events, a network of more than 1,000 developers has now been created around the Bankathon, and more than 400 participants have so far programmed around 100 creative solutions.

20 teams, 30 hours, €15,000 prize money

Whether individual developers, prospective founders or entire teams of startups and established companies – everyone is welcome and can prove their creativity in one of the themed tracks which debuted in Berlin and generate a variety of ideas and high-quality prototypes. The framework for the tracks is provided by the PSD2, which is also the topic of the partnering conference, “Banking Summit”. “Both events complement each other perfectly,” explains André M. Bajorat, figo CEO and Bankathon founder. “While experts at the conference are discussing how banks and banking will change in the future, teams at the Bankathon are developing implementation options for it in practice.” Exactly 30 hours are available to the participating teams to implement their ideas in the Frankfurt FinTech hub TechQuartier. The winners can look forward to a total of €15,000 in prize money.

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Deutsche Börse partners with leading FinTechs to launch FinTech Acceleration platform

Deutsche Börse Group and its post-trade services provider Clearstream will partner with Germany-based FinTech figo and Luxembourg-based RegTech start-up Finologee to create a common FinTech Acceleration Platform. The launch is targeted for the fourth quarter of 2018, subject to regulatory approval.

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“Liquidity bottlenecks belong to the past.” Factoring provider Rechnung48 talks in our #figoInside interview

Factoring becomes easier – thanks to figo partner Rechnung48

This time, Matthias Bommer, Managing Partner of the Elbe Finanzgruppe and founder of the Dresden factoring company Rechnung48, joins us for the #figoInside interview. The startup, founded in 2014, offers freelancers, small and medium-sized companies and the self-employed an opportunity to pre-finance outstanding money from commercial customers quickly and easily – thus improving liquidity. The following interview will show Matthias Bommer‘s opinion about FinTechs, what advice he would offer bank CEOs and how figo makes factoring even easier.

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EXEC 2018 Recap: Podcast of the Offsite Event hosted and recorded by Spotcap

Round Table: The Future of Financial Services

Spotcap Roundtable Discussion EXEC 2018

© Spotcap

 

You missed the round table discussion about the future of financial services during the EXEC 2018? Or you want to listen to it again? Spotcap recorded and published the podcast & we are happy to share it with you! Tune in!

 

 

Who were the panelists?

  • André Jerenz (Associate Partner, McKinsey & Co)
  • Julian Riedlbauer (Partner, GP Bullhound)
  • Nadja Schlössel (Head of Product Strategy, figo)
  • Milos Spiridonovic (Head of Startups@Berlin, Deutsche Bank)
  • Jens Woloszczak (Founder and CEO, Spotcap)

The discussion was moderated by Nadine Schimroszik, IT correspondent at Reuters.

What were they talking about?

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The figo Bankathon is getting its own spinoff: BANKATHONx

figo is making it possible for banks, companies and anyone interested to organise their own FinTech hackathon tailored to their individual requirements: the BANKATHONx!

Want to increase awareness of your company? Make yourself known as an attractive employer? Become a master of innovation? Form new alliances?

👉 You can do all this and more with your own BANKATHONx. figo will design the event according to your aims and tailor it to your corporate strategy. Additionally, our team will support you with the organising, acquiring participants, marketing and implementation. As the host of a BANKATHONx, you’ll benefit from a well-known brand and attract the attention of an entire industry.

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figo talks PSD2 #10: How Open Banking will change the world!

How Open Banking will change the world

 

Let’s talk about how Open Banking will change the world!

In the 10th episode of ‘figo talks PSD2’ we are talking with Ashley Groom (Global Expansion | GoCardless), Duncan Barrigan (Head of Product Management | GoCardless)  and Nadja Schlössel (Head of Product Strategy | figo). Tune in and stop the confusion with different understandings of Open Banking!

 

We are talking about:

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#figoInside: easybill introduces its cloud-based online billing software

The beginning of our #figoInside series this year will be our partner easybill. Based in Kaarst near Dusseldorf, the company’s mission is to make life easier for its customers with a cloud-based online billing software: From invoicing and recording of incoming payments to automated accounts receivable management – easybill has thought of everything that saves time and nerves for the entrepreneurs.

The founder Philipp Gesell tells us what he thinks about FinTechs, banks and PSD2, how he came up with the idea of easybill and how users benefit from figo’s technology in the #figoInside interview!

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‘Licence as a Service’ – PSD2 solution powered by figo

With RegShield, figo plans to help third parties with new authorization requirements

13 January 2018 was the day that the PSD2 became a reality and thus EU member states must comply. In addition to this, BaFin confirmed it on 5 December 2017 as part of the conference “Payment services in the field of digitalization and security needs”: ‘Licence as a Service’ models are basically possible under the Payment Services Directive 2 (PSD2)! This means: companies that offer or use payment initiation and account information services (PISP/AISP) today can also seek a regulated partner for this purpose under certain circumstances. For 2018, figo is aiming for its own payment institution licence (PISP and AISP) and plans to be a reliable ‘Licence as a Service’ partner in the market with the service product ‘RegShield’. figo partners will not have to apply for their own authorization!  (more…)