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The STORENEXT 2025 is set to take place on May 14-15, 2025, in Cologne, focusing on innovations in the insurance industry, particularly in areas such as artificial intelligence and digital transformation. This congress aims to bring together insurance companies, startups, and technology providers. For more information, visit Insurenxt.
Jakala Germany Launches a Fintech Unit
Jakala Germany has established a new fintech unit that will concentrate on the Executive for Access to Financial Data (FIDA). This initiative, slated for implementation by 2027, aims to enhance transparency and competition in the financial sector, allowing third-party providers standardized access to financial data. Further details can be found at Jakala.
Globalpay Trades: Payments in the Economy 4.0
Commerz Globalpay, a partnership between Commerzbank and Global Payments, is working to merge financial expertise with modern technology to shape the future of payments in the context of the Economy 4.0. More information is available at Commerz Globalpay.
EDGE SYSTEMS Introduces PrivateMode AI
EDGE SYSTEMS has launched PrivateMode AI, a European chat public API designed for fully encrypted AI services. This solution utilizes confidential IT and end-to-end encryption to protect data processing without compromising privacy. The API is compatible with OpenAI and supports various open-source AI models. Learn more at PrivateMode AI.
Open Finance: Transition to an Open Ecosystem
FPSB Germany outlines how the financial sector can evolve into an open ecosystem through open financing. This approach aims to foster innovation and grant customers greater control over their financial data. Despite some resistance, open finance remains a priority for the European Commission. More details can be found at Früher Planen.
Launch of Digital Euro EURQ on Dusk Blockchain
Payments at ASOOZ and NPEX are introducing the digital Euro EURQ on the Twilight platform. This marks the first instance of a licensed trading exchange utilizing electronic money tokens through blockchain technology. EURQ complies with MiCAR regulations and enables regulated financial transactions.
Bayerische Expands Its Board and Sales Center
Bayerische has announced that Patrick Vehoff will join the Bayerische Prokunde board in April 2025, focusing on enhancing exclusive sales channels and opening a new sales center in North Rhine-Westphalia.
N26 Offers Interest Rates at ECB Level
Mobile bank N26 has announced a new interest rate of 2.75% per year for its premium customers on their savings accounts, aligning with the European Central Bank’s benchmark rate. This move appears to directly target competitors like Trade Republic. More details are available at N26.
LBBW Invests in Metered Energy Startup
LBBW’s venture capital has invested millions in the startup Metergrid to advance the transition to tenant electricity solutions. Partnering with Hager, they aim to create a comprehensive tenant electricity offering that includes financing, technology, and software. The seed round for Metergrid has grown to €7.5 million. For more information, visit Metergrid.
This content covers various financial and technological advancements and initiatives while providing relevant links for further details.