Best practice

Deutsche Bank

Use case: Multibanking

With the MultiBanking function, Deutsche Bank customers can see all of their accounts, loans and deposits in real-time at a glance – even if the accounts are with other banks. This is possible via online banking as well as via the “Deutsche Bank Mobile” application.

Transactions in foreign bank accounts are stored permanently for Deutsche Bank customers in Deutsche Bank Online and Mobile Banking, allowing easy access at any time. In 2017, transactions in foreign bank accounts and cards are also automatically assigned to categories such as “living costs”, “lifestyle” or “travel” in the MultiBanking Financial Planner.

Deutsche Bank uses figo technology for the aggregation of financial data in its online banking.


Best practice

Cringle

Use case: P2P

Cringle is a financial service provider that enables electronic P2P payments in Europe. For this, we offer banks Cringle-branded products for P2P payments, which banks can use to offer their customers P2P payments. Our core product, the Cringle App, lets us send money to every mobile number in seconds. We can already do this with every German and Austrian account. We use figo to identify the user. Thanks to our collaboration, users can do the entire registration process at Cringle in less than 60 seconds. We benefit from a very fast KYC process and thus lower abandonment rates.


Best practice

fino

Use case: Account Switching Service

fino offers the possibility to perform an account change in a matter of minutes, and without the bureaucracy. Via Banking API, figo allows a connection between the “old” bank and fino,  through which the company can access precisely this “old” bank account and perform the account change. fino analyzes existing accounts to identify transaction data. From this, regular payees and senders can be determined. All relevant parties receive a notification of the change by post or by fax. The service also transmits standing orders from one account to the next.


Best practice

fincite

Use case: Investing Solution

Via API, fincite offers access to over 120 algorhythms for individually chosen recommendations for savings and investment. Together with figo, fincite can analyze the customer’s financial situation in its entirety and from this offer a personalized Next Best Action. This is done by fincite using intelligent algorithms based on modern financial mathematics.


Best practice

bonify

Use case: Credit Score

Credit plays a crucial role in many transactions in everyday life: in getting a loan, in applying for an apartment, the signing of a new mobile contract or for payment on delivery from an online store. bonify allows users to view their personal credit score for free. Through the combination of personal credit scores with personal financial data, consumers get a comprehensive view of their credit and financial situations.


Best practice

Kontoalarm

Use case: Banking App

kontoalarm is a practical everyday companion which detects, among other things, automatic payments for unwanted subscriptions and provides the ability to terminate them immediately. In addition, kontoalarm informs users about fraudulent charges or overpriced overdraft interest. The application helps the user to reduce expenses and to keep an eye on their own financial situation.


Best practice

debitoor

Use case: Accounting and Invoicing

Debitoor is simple, cloud-based billing and accounting software for freelancers, small businesses and the self-employed. It is also available as an iPhone or Android app und covers all important functions, from preparing quotations to VAT advance returns. Debitoor recognizes that the self-employed need not so much an escalating variety of functions, but rather intuitive workflow and an easy-to-use program. Combined with figo the user has the possibility to have bank accounts directly integrated into the accounting program. Best of all, both incoming and outgoing payments are adjusted automatically for maximum time efficiency.


Best practice

FastBill

Use case: Accounting and Invoicing

FastBill is a smart comprehensive solution for digital bookkeeping and financial management of small businesses and freelancers.

With the help of innovative technologies, FastBill creates automation in accounting and thus more time for every entrepreneur. For example, invoices can be created and paid by customers directly online, documents can be archived and automatically posted, and payments can be assigned using an integrated bank account reconciliation. And the best: the tax consultant is just a click away and gets all the data he needs.

Bank transactions are indispensable for this purpose and are foundational to our product. figo has been the partner for years in integrating bank accounts of FastBill’s customers. Through the universal banking API, FastBill can call up payments in the background and proactively inform customers about changes and paid invoices. In the future, payment of expenses and direct debiting will also be added.


Best practice

auxmoney

Use case: Risk management

Whether cash advance, instant credit, installment loan or loans for self-employed individuals, auxmoney brings private borrowers and private investors together in an online marketplace, and accepts loan processing in cooperation with the experienced SWK-Bank. Users make a loan comparison and get their loan faster and, with good credit, save on interest and benefit from the easy processing.


Best practice

weclapp

Use case: ERP-software

weclapp is cloud-based ERP software. With weclapp as an all-in-one solution, the need for separate CRM, merchandise management, and accounting software all from different providers is eliminated. Our software is fully integrated and the individual modules communicate intelligently.
figo allows weclapp customers to manage their company finances in one place. Invoices can, for example, be created in weclapp and directly linked to payment receipts via figo. The interplay ensures acceleration and simplification of the whole process.