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Press release

Human and artificial intelligence in tandem: DVAG and FinLeap establish Deutsche Fintech Solutions GmbH

Berlin, 5 April 2018. Deutsche Vermögensberatung AG (DVAG) - the country's largest independent financial advisor - and fintech company builder FinLeap founded the Deutsche Fintech Solutions GmbH on April 1, 2018. The aim of the joint venture is to further professionalize services in financial sales in order to offer the around six million DVAG customers even better transparency. To this end, the joint venture is developing a digital tool that supports DVAG investment advisers in time-consuming tasks, such as analysis and long-term customer care. Whilst building the tool, the IT specialists will be supported by DVAG sales experts, who can tailor the tool to the requirements of the bancassurance service provider.

Man and machine: stronger together

"Our goal is to combine the empathy and expertise of financial advisors with artificial intelligence and put the results at the service of customers," says Christian Glanz, who is responsible for IT on the DVAG Board of Management. The tool will reduce the administrative burden on consultants, so they can concentrate on their core competencies. Dr. Carolin Gabor, Managing Partner at FinLeap, is confident that Deutsche Fintech will enrich the personal advice process for both customer and consultant. "Our tool will recommend measures based on intelligent algorithms. Then customer and consultant can clarify whether these align with their own expectations."

Ideal cooperation partner

"In FinLeap, we have found a partner who convinces us of their strength in two ways," says DVAG CIO, Glanz. "The Company Builder has proven on several occasions that it can set up innovative digital business models for the highly complex financial sector quickly, efficiently and accurately. In addition, FinLeap understands what consumers expect in the digital age." Carolin Gabor is also looking forward to the cooperation. "So far, we have made a name for ourselves as serial founders of fintech start-ups. The cooperation with DVAG now gives us the opportunity to work together with a large and established financial services company to develop a company from the beginning and thus support the implementation of far-reaching strategic goals."

The management of the Deutsche Fintech Solutions GmbH will consist of Reiner Neusser and Vincent Ma. Neusser previously managed the business of DV Deutsche Verrechnungsstelle GmbH. Ma comes from Verivox Finanzvergleich GmbH and was Director Banking there.

About FinLeap

The Berlin-based FinLeap GmbH is a company builder for fintech companies. Founded in 2014 by HitFox Group and Ramin Niroumand, FinLeap has already developed 14 ventures with its technical infrastructure and has made the market entry possible. These include B2B companies such as solarisBank, the first banking platform with a full banking license, FinReach an account switching service provider, and B2C companies such as Clark, a digital insurance broker. FinLeap provides access to 0.5 to 5 million euros of seed capital, a network of investors and experienced entrepreneurs, as well as clients and top talent. FinLeap and its ventures employ a total of around 600 employees from over 40 nations.

About Deutsche Vermögensberatung AG (DVAG)

With more than 3,400 directors and offices, Deutsche Vermögensberatung serves around six million clients on the topics of finance, pensions and insurance. DVAG is Germany's largest independent financial advisory service. It offers comprehensive and cross-industry all-financial consulting for a broad section of the population, true to the corporate motto "building wealth for everyone!".

Press contact FinLeap:

Ina Froehner

Head of Communications

Mail: media@finleap.com

Mobile: +4915128963679

Press contact Deutsche Vermögensberatung:

Dr. Maria Mohr

Director Corporate Communications

Mail: maria.mohr@dvag.com

Mobile: +496923847826

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