News Feed Item
arvato Financial Solutions is Working With Leading Financial Incubator Startupbootcamp FinTech
|By PR Newswire
|August 12, 2014 04:01 AM EDT
BADEN-BADEN, Germany, August 12, 2014 /PRNewswire/ --
Finance goes next generation
In keeping with the philosophy, "Finance goes next generation," arvato Financial Solutions is investing in Startupbootcamp FinTech, which specializes in supporting financial-technological innovations and the latest technologies in order to provide for and equip financial services. In doing so, this arvato subsidiary is going beyond the scope of a classic financial service provider. In the future, its goal is to be able to use innovations to provide a stronger response to the demands of global customers. For the time being, arvato Financial Solutions has committed itself for a total of three years with a six figure cash (€) contribution.
"We aren't expecting the financial industry to be revolutionized by new technologies as quickly and extensively as the music industry at the turn of the century, for example. However, in the coming years, we do expect our sector to see marked changes, most of which will be driven by new entrants to the market." That is how Michael Weinreich, CEO of arvato Financial Solutions and Member of the Executive Board of arvato, assesses the future development of the financial industry.
In an environment like this, the start-up scene is providing the classic financial institutes with streams of challengers. They are not necessarily in the process of reinventing the banking business. Instead, they often use the existing banking infrastructure as a basis but put forward creative, unusual and innovative business ideas. They are often start-ups which initially develop software modules or complete IT solutions for banks. In Germany alone there are more than 30 providers competing for market share - from small start-ups to large providers of telecommunications and credit cards.
Michael Weinreich emphasizes arvato's commitment to Startupbootcamp FinTech: "We do come from the traditional financial services industry, but because of our global orientation it is also precisely this expertise that we now wish to employ in the next generation of financial transactions, so as to benefit all of our customers. That's why we are increasingly promoting technologies that radically simplify all kinds of payment flows and the way that money is managed. In the future this will enable us, along with our partners, to cover the entire financial value chain."
Nektarios Liolios, Managing Director at Startupbootcamp FinTech, said: "arvato has a rich history helping to deliver successful IT projects across a number of industries, including the financial services sector. The company's expertise in this field will greatly benefit our startups, helping them negotiate the often far-from-simple systems which support our banks and finance organisations. We're really excited to welcome arvato to our growing community of partners and looking forward to working with them."
For more information visit finance.arvato.com
arvato Financial Solutions is a global financial service provider and part of Bertelsmann SE & Co. KGaA as a subsidiary of arvato AG.
The company has around 7,000 employees in 21 countries, including a strong presence in Europe, America and Asia, and offers flexible full-service solutions for the value-oriented management of customer relationships and cash flows. arvato Financial Solutions is synonymous with professional outsourcing services (Finance BPO) centering on cash flow in all phases of the customer lifecycle - from risk management and invoicing to debtor management, the sale of receivables and debt collection. As part of this, we focus on minimizing default rates in the business initiation phase and during the collection process. As a result, our services also include optimizing the selection of payment types internationally.
As a financial solutions provider, we manage around 10,000 customers, specializing primarily in the retail/e-commerce, telecommunications, insurance, banking and healthcare sectors. This makes us Europe's third largest integrated financial service provider. Your one stop shop for financial services. Professional. Reliable. Efficient.
About Startupbootcamp FinTech
Launched in 2014, Startupbootcamp FinTech is Europe's leading FinTech accelerator, and the only program of its kind to attract such wide industry support. Based in London, its partners include Lloyds Banking Group, MasterCard, Rabobank, SBT Venture Capital, arvato Financial Solutions, Route 66 Ventures and Intesa Sanpaolo, as well as an extensive mentor and alumni network from 30+ countries across the globe.
The award-winning accelerator offers FinTech startups access to world class industry expertise during an intensive three month program. At the end of the program, startups pitch at Demo Day to more than 150 investors.
arvato infoscore GmbH
part of arvato Financial Solutions
Copies may be printed free of charge
Proof copy requested
If you’re responsible for an application that depends on the data or functionality of various IoT endpoints – either sensors or devices – your brand reputation depends on the security, reliability, and compliance of its many integrated parts. If your application fails to deliver the expected business results, your customers and partners won't care if that failure stems from the code you developed or from a component that you integrated. What can you do to ensure that the endpoints work as expect...
Sep. 24, 2016 04:30 PM EDT Reads: 1,472
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data.
In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
Sep. 24, 2016 04:30 PM EDT Reads: 1,661
Data is an unusual currency; it is not restricted by the same transactional limitations as money or people. In fact, the more that you leverage your data across multiple business use cases, the more valuable it becomes to the organization. And the same can be said about the organization’s analytics.
In his session at 19th Cloud Expo, Bill Schmarzo, CTO for the Big Data Practice at EMC, will introduce a methodology for capturing, enriching and sharing data (and analytics) across the organizati...
Sep. 24, 2016 04:15 PM EDT Reads: 1,527
While DevOps promises a better and tighter integration among an organization’s development and operation teams and transforms an application life cycle into a continual deployment, Chef and Azure together provides a speedy, cost-effective and highly scalable vehicle for realizing the business values of this transformation.
In his session at @DevOpsSummit at 19th Cloud Expo, Yung Chou, a Technology Evangelist at Microsoft, will present a unique opportunity to witness how Chef and Azure work tog...
Sep. 24, 2016 04:00 PM EDT Reads: 1,477
The vision of a connected smart home is becoming reality with the application of integrated wireless technologies in devices and appliances. The use of standardized and TCP/IP networked wireless technologies in line-powered and battery operated sensors and controls has led to the adoption of radios in the 2.4GHz band, including Wi-Fi, BT/BLE and 802.15.4 applied ZigBee and Thread. This is driving the need for robust wireless coexistence for multiple radios to ensure throughput performance and th...
Sep. 24, 2016 03:45 PM EDT Reads: 1,395
Information technology is an industry that has always experienced change, and the dramatic change sweeping across the industry today could not be truthfully described as the first time we've seen such widespread change impacting customer investments. However, the rate of the change, and the potential outcomes from today's digital transformation has the distinct potential to separate the industry into two camps: Organizations that see the change coming, embrace it, and successful leverage it; and...
Sep. 24, 2016 03:00 PM EDT Reads: 1,012
I'm a lonely sensor. I spend all day telling the world how I'm feeling, but none of the other sensors seem to care.
I want to be connected. I want to build relationships with other sensors to be more useful for my human. I want my human to understand that when my friends next door are too hot for a while, I'll soon be flaming. And when all my friends go outside without me, I may be left behind.
Don't just log my data; use the relationship graph.
In his session at @ThingsExpo, Ryan Boyd, Engi...
Sep. 24, 2016 02:15 PM EDT Reads: 1,178
The Internet of Things can drive efficiency for airlines and airports.
In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, will discuss the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports.
The session will include a working demo and a technical d...
Sep. 24, 2016 02:00 PM EDT Reads: 1,615
SYS-CON Events announced today that China Unicom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
China United Network Communications Group Co. Ltd ("China Unicom") was officially established in 2009 on the basis of the merger of former China Netcom and former China Unicom.
China Unicom mainly operates a full range of telecommunications services including mobile broadband (GSM, WCDMA, LTE F...
Sep. 24, 2016 01:30 PM EDT Reads: 1,667
Enterprise IT has been in the era of Hybrid Cloud for some time now. But it seems most conversations about Hybrid are focused on integrating AWS, Microsoft Azure, or Google ECM into existing on-premises systems. Where is all the Private Cloud? What do technology providers need to do to make their offerings more compelling? How should enterprise IT executives and buyers define their focus, needs, and roadmap, and communicate that clearly to the providers?
Sep. 24, 2016 01:00 PM EDT Reads: 1,466
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
Sep. 24, 2016 12:00 PM EDT Reads: 722
The Transparent Cloud-computing Consortium (abbreviation: T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data processing High speed and high quality networks, and dramatic improvements in computer processing capabilities, have greatly changed the nature of applications and made the storing and processing of data on the network commonplace.
Sep. 24, 2016 12:00 PM EDT Reads: 724
Digital innovation is the next big wave of business transformation based on digital technologies of which IoT and Big Data are key components, For example:
Business boundary innovation is a challenge to excavate third-party business value using IoT and BigData, like Nest
Business structure innovation may propose re-building business structure from scratch, as Uber does in the taxicab industry
The social model innovation is also a big challenge to the new social architecture with the design fr...
Sep. 24, 2016 11:45 AM EDT Reads: 1,014
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies.
In his session at @ThingsExpo, Da...
Sep. 24, 2016 11:15 AM EDT Reads: 1,442
In his session at @DevOpsSummit at 19th Cloud Expo, Robert Doyle, lead architect at eCube Systems, will examine the issues and need for an agile infrastructure and show the advantages of capturing developer knowledge in an exportable file for migration into production.
He will introduce the use of NXTmonitor, a next-generation DevOps tool that captures application environments, dependencies and start/stop procedures in a portable configuration file with an easy-to-use GUI. In addition to captu...
Sep. 24, 2016 11:00 AM EDT Reads: 940