19 October 2017

Deutsche Bourse opens up to fintech startups

24 February 2016  |  7944 views  |  2 deutsche boerse

Deutsche Bourse is to open up its offices to financial technology startups in Germany as part of a Government-sponsored initiative to create a fintech cluster in Frankfurt.

The German exchange says it will make fully equipped rooms available to new companies and start-ups in Frankfurt from April onwards, providing firms with on-site support from employees of the Deutsche Börse Venture Network to help founders develop their companies.

The initiative is part of a programme by the German Federal state of Hesse to promote an ecosystem for startups in the country's financial capital. The cluster is intended to provide FinTech start-up jobs, but will also serve as a centre for events, as well as a point of contact for visits from foreign delegations or for investor roadshows.

The objective is to create a central point of coordination for fintech startups, aligned with private sector initiatives from financial market participants.

Deutsche Börse already operates its own 'Open Innovation Forum' to incubate, develop and accelerate new business ideas coming from outside the group. The German exchange has also contributed financial backing to Illuminate Financial, a capital markets startup fund founded by Mark Beeston, the former head of Icap's post-trade and information division.

Hessia Minister of economics,Tarek Al-Wazir, says: “Deutsche Börse's initiative contributes to the emergence of a lively and diverse ecosystem in Frankfurt containing various start-up centres operated by financial market players with different focuses and profiles.”

Comments: (2)

Jean-Pierre Xiao-Min Wang
Jean-Pierre Xiao-Min Wang - IndiceA - Sophia-Antipolis, France | 24 February, 2016, 11:38

Deutsche Bourse opens up to Fintech Startup :

" The significance of things changes with the time. "

--- Lucretius, Roman philosopher

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Jean-Pierre Xiao-Min Wang
Jean-Pierre Xiao-Min Wang - IndiceA - Sophia-Antipolis, France | 24 February, 2016, 11:44

The future of Bourse = Fintech providing services + Bourse maintaining exchanges

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

London Stock Exchange confirms merger talks with Deutsche Bourse

London Stock Exchange confirms merger talks with Deutsche Bourse

23 February 2016  |  8635 views  |  3 comments | 1 tweets | 3 linkedin
Deutsche Bourse and Markit lend backing to capital markets fintech fund Illuminate

Deutsche Bourse and Markit lend backing to capital markets fintech fund Illuminate

09 November 2015  |  7903 views  |  0 comments | 11 tweets | 8 linkedin
Deutsche Bourse launches 'Open Innovation' forum

Deutsche Bourse launches 'Open Innovation' forum

01 July 2014  |  8891 views  |  0 comments | 13 tweets | 2 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
Register nowvisit www.innotribe.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15523 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8714 views comments | 16 tweets | 22 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
8351 views 0 | 8 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7802 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6963 views comments | 9 tweets | 17 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job