Business Updates

For example, Commerzbank subsidiary Main Incubator recently joined High-Tech Gründerfonds, Plug and Play and Sparkasse Bremen in a seven-figure financing round for Hamburg-based fintech startup Etvas. Etvas has developed a platform that brings value-added services to banking and insurance customers and can be used via a single interface. "Against the backdrop of rapidly changing customer needs, banks in particular are looking for ways to differentiate themselves in markets with a high density of banks, such as in Germany, as their core products are usually very similar," says Alena Kretzberg, Divisional Board Member Digital Banking & Comdirect at Commerzbank.

Sören Timm on personalized user experience, intuitive interfaces, creating value-added service ecosystems, and why partnering with fintechs can be a smart choice for a bank.

Hamburg Startups is the leading independent private startup platform in the north and is committed to effective networking and representation of the startup scene. The ecosystem, which has been significantly shaped by our work over the past seven years, has now become a role model for numerous other locations.

In this article, Hamburg Startups reports on the cooperation between Etvas GmbH and Die Sparkasse Bremen AG .

The insurance industry has come under pressure in recent years. With the success and increasing ubiquity of technology, companies are being forced to revise their strategy to keep pace with the challenges ahead. Compliance, regulatory and legal functions are pushing the insurance industry to do more with less without compromising on value. On a global level, regulators are primarily concerned with ensuring data privacy, as this is the only way to mitigate the risks associated with inaccurate data collection, storage, use and handling, but on the other hand, to give consumers back control over personal data.