figo receives ZAG licence and enables ‘Licence as a Service’ through RegShield

Hamburg FinTech is a payment institution regulated by the BaFin in accordance with PSD2

As of 16. August 2018, it’s official: figo GmbH is now a regulated institution under the Payment Services Supervision Act (Zahlungsdiensteaufsichtsgesetz – ZAG), granting figo authorisation by the Federal Financial Supervisory Authority (BaFin) to provide payment initiation (PIS) and account information services (AIS), which have been regulated since the beginning of the year.

At the end of 2015, figo set its focus on fulfilling regulatory requirements as soon as the new licensing requirements for the Payment Services Directive 2 (PSD2) became known. This licence as a payment institution is the natural consequence of a consistent focus on security, transparency and compliance. figo saw early on that the consistent rules offered by the regulation were an opportunity not only for their own business model, but for the entire industry, leveling the playing field.


Bankathon #6 Frankfurt: Silver Sponsor Sutor Bank

Today we want to introduce to you Sutor Bank, Silver Sponsor of Bankathon #6. The private bank was founded in 1921 in Hamburg and makes professional asset accumulation available to everyone. It supports our event for the third time already – thank you for the trust in us and in the Bankathon!

With Hartmut Giesen, Business Development Manager at Sutor Bank, we have a true FinTech expert on board. Seize the opportunity and talk to him about intelligent technology for tailor-made private banking.


The P in PSD2 is for Pain

I used to write love letters and was even called an idealist when it comes to Open Banking regulation. So what has happened? Why has the second Payment Services Directive (PSD2) become so painful for me lately?


Bankathon #6 Frankfurt: Silver Sponsor Senacor

May we introduce Senacor, Silver Sponsor of Bankathon #6? The provider for business and IT transformation, digitization and individual software development supports the event for the third time already! Also, they participate with their own developer team.


Bankathon #6 Frankfurt: Silver Sponsor KI finance

Today, we introduce to you KI finance, Silver Sponsor of Bankathon #6. They were there right from the beginning of Bankathon in 2015 and with five supported events they are our record sponsor, together with Deutsche Bank!

The company is part of the KI group, its focus lies on agile product development and consultancy of banks. We are happy that KI finance is supporting Bankathon for such a long time already and look forward to extending this cooperation well into the future!


Bankathon #6 Frankfurt: Silver Sponsor RatePAY

Let us introduce RatePAY, Silver Sponsor of Bankathon #6. The FinTech company was founded in 2009 and offers secure e-payment solutions. We are glad that RatePAY got on board for the second time!


Bankathon #6 Frankfurt: Silver Sponsor Main Incubator

Main Incubator is Silver Sponsor of Bankathon #6. Not only their name and their location makes them a perfect fit for our event in Frankfurt, but also their purpose: To accompany and support FinTech companies from their founding to market entry of products and beyond. As the incubator of one of Germany’s biggest banks Commerzbank they are able to offer startups access to a lot of valuable resources in the banking world.


Bankathon #6 Frankfurt: Diamond Sponsor Deutsche Börse

Deutsche Börse is Diamond Sponsor for figo’s Bankathon #6. It operates the largest of seven German stock exchanges and the world’s 10th largest stock exchange measured by market capitalisation – Frankfurt Stock Exchange.

This makes them the perfect fit as a sponsor for our Bankathon #6 in the beautiful Main metropolis. We are very happy to have them on board, not only as a sponsor, but also with their API and a participating developer team.


Bankathon #6 Frankfurt: Silver Sponsor Axway

Today we present to you: Axway, Silver Sponsor of Bankathon #6The IT company offers API management services also to players of the financial services industry. As such a provider Axway is the perfect fit for an API-driven event like the Bankathon! Of course, they make their API available to Bankathon #6 participants who can get creative with it.


Bankathon #6 Frankfurt: Silver Sponsor iNNOVO Cloud

A huge thank you goes to iNNOVO Cloud, Silver Sponsor of Bankathon #6. The full service cloud platform provider sponsors the event for the second time now. Among the company’s customers are financial institutions, FinTechs as well as SMEs.