Deutsche B?rse partners with figo, Finologee to launch FinTech Acceleration platform

Deutsche B?rse has partnered with banking service provider figo and digital identification platform Finologee to create a FinTech Acceleration platform.

The programme, which is also supported by Deutsche B?rse post-trade service provider Clearstream, will launch in Q4 2018.

Through this new platform, financial industry enterprises and digital technology businesses can leverage each other services to open up new revenue streams and develop new products. It will also offer access to Deutsche B?rse market and reference data, as well as functional API services.

During the piloting phase the platform will be a development environment to enable testing and low barriers to coding. Initial services from third parties on the Acceleration platform will be an access to account gateway for banks for PSD2.

Other services present at the launch will include Finologee identification and consent automation solution and figo PSD2 solution for non-banks RegShield and PSD2 enabler for banks. Several other products from Clearstream and Deutsche B?rse will be available.

A selection of other FinTech offerings for the marketplace are being reviewed and include Budget Insight, IDnow, AriadNEXT,, Jemmic and KYCTech.

Finologee co-founder and CEO Raoul Mulheims said: ?I think we found a perfect match here. We aim at building a very powerful service distribution platform and marketplace, serving both the traditional financial industry and the new generation players needs. For us, this is a logical evolution in our entrepreneurial journey, and also a unique opportunity to deploy our own apps and products.p>

Deutsche B?rse has worked with figo since 2016, with it participating in the ?6.8m Series B round of funding. This is the B?rse first interaction with Finologee and this partnership will support the impact within the Luxembourg market.

Andre?? M. Bajorat, CEO of figo, concluded: ?With Clearstream, we use the infrastructure of a trustworthy partner from which our customers, banks and non-banks, benefit. Technology, developer community and compliance the idea of open banking in general come together in the PSD2: and this is exactly what all three partners make clear at this point. Creating this market place is the logical consequence of what we have done so far.p>

Copyright ? 2018 FinTech Global

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