Kategorie: Use Case

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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#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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“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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#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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How banking data contributes to financial inclusion with regard to credit provision

“Is there a right to credit?”, Maria Lissowska (Senior Expert, European Commission) asked at the beginning of the “Panel 3 on Credit”. Well, obviously there’s no written right to credit, but it’s also obvious that the opportunity for a credit is a big contributor to financial inclusion. However, the opportunity for a credit depends largely on the consumer’s creditworthiness. The question should therefore be in the future, how can creditworthiness be reflected by the financial reality of the credit applicant and thus promote financial inclusion?

Instead of often incomprehensible and intransparent credit scores for consumers, banking data itself provides the necessary data for the evaluation of creditworthiness. Because in the sense of data minimisation, the question should be which data is actually needed for the credit decision. Furthermore, the financial reality of a credit applicant is not correlated to market data as the basis for credit scores because every single person applying for a credit is an unique case.

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Consorsbank offers customers figo based MultiBanking

More than 10,000 account holders already have the chance to end account chaos

Based on figo technology, Consorsbank has introduced MultiBanking for its customers. They now can also add accounts and deposits they have with other banks after logging into their online banking, giving Consorsbank customers the opportunity to manage all their finances in one place and to keep an eye on their overall financial situation when they want. The technical foundation for this is figo. With its business model, the Hamburg-based FinTech company has opened the banks’ existing data and represents this new, open banking world like no other company. Banks such as Consorsbank have recognized the resulting opportunities and are using figo to offer their customers innovative banking solutions: in this case, MultiBanking. (more…)

FastBill starts the new series #figoInside

As a provider of a ‘Banking as a Service’ platform, we are lucky enough to come into contact with a lot of new ideas about banking every day. Today, consumers can already use more than 50 different solutions based on the figo technology. Some of them are very well-known, others somewhat less. Each partner has its own story. In our series #figoInside, we would like to introduce our partners and their use cases. (more…)

1,000 developers worldwide use figo’s banking API

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…)

Bankathon 2016: CANDIS is back and wants to defend its title

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CANDIS Teamfoto

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…)

“International Hackathon 2016” – 2 winning teams with figo API inside

figo was part of the German one – we provided our Banking API for the participating teams. Eight teams faced the challenge with the topic “Optimizing Daily Money”. In Germany it was hosted by Consorsbank under the umbrella of BNP Paribas. The winners ‘Hi Emma’ and aboalarm obviously found a clever solution, got 7.000 Euro each and lucky us – they designed and built their applications based on figo’s banking API. (more…)