12.05.2016
JDC Group AG DE000A0B9N37
DGAP-News: JDC Group AG: JDC Group expands its Fintech offerings for brokers and taps into the market for overnight and fixed-term rates by entering into a strategic partnership with ZINSPILOT
DGAP-News: JDC Group AG / Key word(s): Miscellaneous
JDC Group AG: JDC Group expands its Fintech offerings for brokers and taps
into the market for overnight and fixed-term rates by entering into a
strategic partnership with ZINSPILOT
12.05.2016 / 10:30
The issuer is solely responsible for the content of this announcement.
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JDC Group expands its Fintech offerings for brokers and taps into the
market for overnight and fixed-term rates by entering into a strategic
partnership with ZINSPILOT
- Going forward, JDC consultants will be able to provide JDC clients with
a wide array of attractive interest-bearing savings accounts from
various European third-party banks
- JDC agents benefit from access to the most popular investment product
in Germany, accessing a business segment with a volume in the trillions
of euros
- The intelligent online platform "ZINSPILOT" guarantees simple, secure
and efficient transactions from a single master account
The sales partners in the broker pool associated with Jung, DMS & Cie., a
subsidiary of the listed JDC Group AG, can now offer their clients
attractive overnight and fixed-term rates with various European banks. This
is made possible through a strategic partnership with the Hamburg-based
Fintech company Deposit Solutions GmbH, which operates an open architecture
system for savings accounts under the "ZINSPILOT" brand. Deposit Solutions
is one of Europe's most innovative and successful FinTech companies and
currently handles savings and term deposits amounting to over 1 billion
euros. Deposit Solutions is backed up by - among others - the legendary
American investor Peter Thiel.
Through this partnership and as part of its Advisortech Initiative, JDC
provides its 16,000 independent financial advisors, brokers and financial
service providers and their approximately 1 million clients with access to
the most popular investment product in Germany.
The innovative single-account solution from ZINSPILOT provides an easy and
secure way to lock in all daily and fixed-term rates listed on the state-
of-the-art investor platform using a single clearing account. This means
customers no longer have to open up an account with a particular bank
simply in order to take advantage of the overnight and fixed-term rates
that bank offers - a cumbersome process that involves significant
administrative costs and red tape on the part of both clients as well as
banks. Instead, clients merely have to open a master account that can then
be used to take advantage of interest rates on savings deposits at a
variety of different banks.
In addition to investments, financing and insurance, brokers and agents
affiliated with Jung, DMS & Cie are now able to use open architecture to
offer their clients advice and support with overnight and fixed deposits -
a business segment that currently accounts for 70 percent of the assets
held by Germans and which therefore holds out the promise of strong
customer loyalty and significant brokering potential. The total volume of
savings held by Germans currently stands at about 2 trillion euros.
With an overnight interest rate of up to 1.4 percent per year and an
interest rate for a one-year fixed deposit of up to 1.61 percent per year,
ZINSPILOT partner banks are generally able to offer much better terms than
borrower banks, even with the agent fees already priced in.
"Through our recent partnership with ZINSPILOT, our brokers and investment
agents are now also able to include savings accounts as part of their
consulting and brokerage services. This benefits both our customers, who
will be able to secure top interest rates with us going forward, as well as
our sales partners, who will be in a position to manage significantly more
investment capital", said Dr Sebastian Grabmaier, CEO at JDC Group AG.
"Although overnight and fixed deposits account for about 70 percent of our
clients' assets, brokering these assets was previously something only the
banks could do. We take this competitive disadvantage for the independent
financial services industry and turn it into an advantage: not only are our
brokers and agents able to tap into this important asset class, but with
the smart and easy-to-use ZINSPILOT we can offer a whole range of
attractive offers from various third-party banks, something banks are
simply unable to do. This lets us preserve the kind of independence and
transparency that agents and clients have come to expect from us. JDC
agents can in future make optimum use of their clients' liquidity, which
gives them an innovative advantage over any competitors."
About JDC Group AG
JDC Group AG (ISIN: DE000A0B9N37) stands for smart financial sales flanked
by new advisory technologies in the age of the digital natives.
In our "Advisory" segment, our Jung, DMS & Cie. and FiNUM subsidiaries
broker financial products to private end customers via independent
advisors, brokers and financial sales operations. With more than 16,000
affiliated sales partners, more than 900,000 end customers, a managed
portfolio of more than Euro 4 billion and new business of more than Euro
1.3 billion a year, we are one of the market leaders in German-speaking
countries.
In our "Advisortech" segment, we are developing state-of-the-art advisory
and administration technologies for customers and advisors alike. Many
sales operations and partners view technological change as presenting a
problem and see young Fintech players as new competitors. We, by contrast,
see the "technology" factor as offering a great opportunity. In future,
solutions from the "Advisortech" segment will help advisors support their
customers even more closely and thus also generate higher sales.
About ZINSPILOT / DEPOSIT SOLUTIONS
ZINSPILOT is a Deposit Solutions GmbH brand which provides an open
architecture for overnight and fixed-term deposits within Europe through
its single-account concept. The Fintech company is headquartered in Hamburg
and since its launch in 2011 has already handled investments totalling over
1 billion euros with its specialist B2B applications for savings and term
deposits. This technology, unique in the European market, lets banks
seeking to acquire retail deposits configure their savings products for the
open-architecture platform, making them available for marketing through
other financial intermediaries, without the need for clients to enter into
a direct relationship with other credit institutions.
In addition, overnight and fixed-term deposit rates of partner banks have
been marketed directly to depositors through the company's own retail
service, ZINSPILOT, since 2014. Deposit Solutions GmbH recently announced
the integration of its investor platform into Germany's leading online
broker, flatex, as well as Pay-Pal founder Peter Thiel's participation as
investor. (www.zinspilot.de)
Disclaimer:
Members of the Management Board of JDC Group AG hold material shareholdings
in JDC Group AG and thus have proprietary interests in the nature and
contents of the information provided in this notification.
Detailed information regarding the company and its daughters can be found
under www.jdcgroup.de.
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462971 12.05.2016
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