Munich/Görlitz, 28 March 2017
Smart Plug and Play banking or a complete redesign of digital investment advice? Thanks to the partnership between both industry thought leaders, an innovative business model has emerged: Banks and FinTechs can use all of the functions relating to deposits and financial investments as API technology from an interface shop and thereby develop new applications more quickly and efficiently. One of the first customers is a provider of digital infrastructures for asset managers and a deposit exchange service provider.
Advanced data interfaces, APIs, make this possible: Security figures, account information, deposit data and transactions are transported, selected, prepared or converted. In this way API platforms pave the way for digital solutions in short cycles and with maximum efficiency. Benefits for customers: Lighthouse functions from the FinTech market can be used as a starting point in order to develop their own creative solutions. The financial services providers are once again able to become the driving force behind digital innovations themselves.
Johann Horch, Chairman of the niiio finance group AG: “We have thereby established a successful partnership: Together, niiio and NDGIT are focused on creating the strategy, additional value for digital banks and FinTechs. The portfolios of both companies perfectly complement each other. We deliver premium deposit data, deposit analysis or security figures, NDGIT provides the technical API platform”. The first joint customer projects have already been started successfully.
“NDGIT has always trusted professional and innovative providers,” said NDGIT CEO and co-founder Oliver Dlugosch. “I am very pleased to have found a partner in niiio. We can now offer the full range of digital wealth management as a service using their APIs.” Financial service providers can now develop their applications from deposit aggregation through to Robo-Advisory more quickly, develop them with greater functionality and operate them more efficiently. “We deliver an API platform with the complete range of digital banking and insurance functions,” said Dlugosch.
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About niiio finance group AG (WKN: 694610 – ISIN: DE0006946106 – stock exchange symbol: niii)
Digital services for the digital future of banking – that’s what niiio finance group AG specialises in. In addition to the Robo-Advisor, there is also a community platform and API banking tools, as well as tailored consultancy and development services and business models. The software company from Görlitz, Saxony sees itself as a solutions partner for banks and financial service providers. The high quality Plug and Play offers are user-friendly and customisable – and help to drastically reduce costs and realise competitive advantages.
The Deutsche Software Engineering & Research GmbH (DSER) functions as the main shareholder of the corporate group. The niiio finance group has operated in this powerful line-up since 2016. The aim is to provide a holistic FinTech ecosystem, which leads banks, consultants and private investors together into the digital future. The DSER already has ten years of operational success in the portfolio management solutions market. With its sophisticated core product munio, it currently has around 70 active customers (around 40 billion euros worth of stocks) and manages around two million deposits.
