Berlin Finance Initiative’s Post

Munich x Berlin x Frankfurt UniCredit x Banxware Product Launch When FinTechs and banks work together this is good news for everybody. ✔️For clients: Loans in no-time. Small and medium-sized entreprises (SME) need reliable and swift financing, e.g. in e-commerce, (re)selling goods on platforms. ✔️For banks: Financing becomes a commodity, fast end-to-end processes. The loan is delievered in-time (24 hours) and with deep understanding of the client‘s performance and outlook which reduces risks. And the new product is good for the bank‘s existing client base and secures market shares in new (fast growing digital) markets. ✔️ For FinTechs: Partnerships, funding and stability scaling-up. FinTechs create state-of-the-art user journeys, fast and innovative on-bording and reliable credit processes. And they focus on under-banked target clients, solving financing needs. And this new partnership of Banxware (FinTech) and UniCredit (bank) is just one example for loans up to 5mn euros that is very promising. More? -> https://lnkd.in/dJKg4gsS Many more such cooperations are needed in all areas from retail, SME and corporate banking to wealth management. Thanks for the invitation and very insightful thoughts by Lukas Zörner (ex Penta and Qonto), Christian Steiger (Lexware), Miriam Wohlfarth, Jens Roehrborn (both Banxware) and Sven Stipković (UniCredit) brillantly moderated by Kathrin von Ilberg. This is the stuff what makes me very happy and think positive about our future in finance and tech. By the way, this is a good example why we launched the House of Finance & Tech Berlin & the international FinTech Festival FIBE Berlin in order to enable and promote better products, better services that solve problems and foster growth for clients, banks and FinTechs. The evening showed that it’s fun and fruitful when Berlin, Munich, Frankfurt work together. We need more of this Frank Nicolaisen, Falko Meißner #FinTechCapital #BerlinFinance Berlin Finance Initiative