Kategorie: figo API

Bankathon #7 Prague: Diamond Partner Trask

Three weeks before Bankathon #7 in Prague, it is time to present another Diamond Partner of the event:

Trask is one of the leading digital banking solutions providers in the CEE region – helping companies to innovate their processes since 1994. Since Trask raised PSD2 awareness in the Czech Republic and supported Czech banks to be among the European Open Banking leaders, it is a logical step for them to be part of Bankathon #7 in Prague.

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Bankathon #7 Prague: Diamond Partner Deloitte

Deloitte is Diamond Partner of Bankathon #7 in PragueFounded 174 years ago in London, Deloitte today is one of the “Big Four” professional services networks with approximately 286.200 employees worldwide. Its Czech operations started in 1990, with a first office in Prague. Today, Deloitte Czech Republic has five offices and provides services in the area of audit, tax, legal advisory, consulting and risk management. (more…)

Bankathon #7 Prague: Diamond Partner Česká spořitelna

Let us introduce Česká spořitelna, Diamond Partner of Bankathon #7 in Prague: 

Founded in 1825, Česká sporitelna is the bank with the longest tradition in the Czech market. Since the year 2000, Česká sporitelna is part of the Erste Group – one of the largest financial services providers in Central and Eastern Europe and former partner of Bankathon #4 in Vienna. Today the bank counts 4.6 million customers and more than 10.000 employees.  (more…)

Bankathon #7 Prague: Co-Organizer and Diamond Partner Komerční Banka

Without our partners, Bankathon would not be what it is today. To show you who is behind this event, we want to present every single partner of Bankathon #7 to you. We start with our Co-Organizer and Diamond Partner Komerční Banka (KB)!

Founded in 1990 in Prague, KB today counts over 7.500 employees and 1,6 million customers – which means that every fifth Czech citizen is among them. KB is one of the major Czech banks and a member of the Société Générale international financial group. (more…)

#apoHackathon – apoBank’s first Hackathon

apoHackathon

Ready, set, go – from May 31 to June 2, developers, UX designers and creative thinkers comprising 11 teams of 2 to 4 participants competed at apoBank headquarters in a marathon of programming. It was a 30-hour sprint with the following goal: Develop innovative solutions for four questions (challenges) from apoBank. The coding ran from Saturday to Sunday, even overnight. figo supported apoBank in the organization and as on-site API partner.

 

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figo and finreach solutions join forces

finreach und figoThe two well-known fintech pioneers are about to merge and forming the leading European Software-as-a-Service (SaaS) API platform for finance

Markus Dränert, Cornelia Schwertner and Taner Akcok to form the management team of the Berlin and Hamburg locations

Berlin/Hamburg, March 5th, 2019 – Banking service provider, figo, and fintech platform, finreach solutions, laid down the groundwork on March 4th for their plans to operate henceforth as one company, subject to the approval of the Federal Financial Supervisory Authority (BaFin). The planned merger of these two fintech companies, both of which are nationally and internationally successful, is taking place on a level playing field. Together, they will reach a new level in the European market. The consolidation of figo and finreach solutions is the logical result of an already-existing, long-lasting partnership. Both companies are pioneers in their respective sectors, as they have developed into leading service providers.

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Container Love in Times of Regulation: Higher stability, security and scalability through microservice architecture

kubernetes Logo

In the first half of 2019, figo will restructure its technical operation environment. In addition to a further data centre – from currently two to three German data centres in the future, operated by the known subcontractors of iNNOVO Cloud – the infrastructure will be converted to a container-based environment. Accordingly, the figo Banking as a Service API will be evolved into a microservice architecture. To orchestrate the overall solution, Kubernetes will be used.

These measures ensure figo API’s future-readiness with regard to requirements for stability, security, scalability and performance, while at the same time, enabling greater flexibility with increasing use of the service. The conversion has no effect on the continued reliable guarantee, that figo can meet BaFin’s Minimum Requirements for Risk Management (MaRisk) for hosted SaaS setups both as a service provider and as a payment institution.

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#figoInside: JustOn Billing & Invoice Management with automatic reconciliation of transaction data

Billing and Invoicing becomes easier – thanks to figo partner JustOn

Today we talk to Marko Fliege, founder and CEO of JustOn GmbH, who answers our #figoInside questions.

JustOn was founded in 2010 with the goal of bringing easy-to-use business software to the market, which automates invoice processing and thus enormously simplifies life for companies. Today, with its JustOn Billing & Invoice Management billing software, the company is a leader in the Salesforce platform.

This innovative software digitises accounting, payment and receivables processes for medium-sized companies and can be integrated into existing IT systems. It not only saves time and money on invoice management, but also enables transparent and well-founded evaluation of key performance indicators. Many well-known customers around the world use cloud-based software to bill XaaS business models and consumption data.

In order to offer automatic data reconciliation in payment management under PSD2 without having to apply for a separate registration as an account information service at BaFin, JustOn has been using figo’s RegShield since December 2018.

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figo RegShield: The first PSD2-compliant product is live in Germany

figo RegShield: The first PSD2-compliant product is live in Germany

figo RegShield: The first PSD2-compliant product is live in Germany

Via Passporting, the company is preparing for the Europe-wide rollout

For three months, Hamburg-based FinTech figo has been a payment institution supervised by BaFin, permitted to offer account information (AIS) and payment initiation services (PIS) – to date the only company in Germany with such authorisation. In the context of the licence, the company has been granted permission to offer a ‘licence-as-a-service’ model: figo RegShield makes it possible for partners to offer their services without having their own registration or licence from BaFin, despite PSD2. In early November 2018, the product went live, with third-party vendors already using the capabilities of RegShield and the first PSD2-compliant services in Germany being conducted with figo.
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Bankathon # 6: RatePAY wins with #swopp

15,000 euros in prize money, 30 hours of coding time, 24 pitches, 16 sponsors, 7 APIs, 5 winners, 4 theme tracks, 3 days, 2 photographers, 1 camera team and the world’s best barista …

… – all told, that’s exactly what you need to describe the sixth Bankathon, which returned to Frankfurt, with interest in the FinTech and banking hackathon continuing unabated. With the TechQuartier as a location for coding and the Handelsblatt ‘Bank Summit’ as a partner for the final pitches, the orga team was able to offer participants and guests exactly what the Bankathon stands for: a platform where the traditional banking world meet industry newcomers at eye level and have meaningful interactions. Here is a detailed recap of the event including teams.

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