20.10.2016
JDC Group AG DE000A0B9N37
DGAP-News: JDC Group and flatex launch strategic partnership
DGAP-News: JDC Group AG / Key word(s): Alliance
JDC Group and flatex launch strategic partnership
20.10.2016 / 08:00
The issuer is solely responsible for the content of this announcement.
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- flatex joins the JDC Group in launching digital insurance business
- Over 165,000 flatex clients to gain access to the "allesmeins" digital
insurance wallet from JDC
The JDC Group, Europe's leading Advisortech company, today announced its
first strategic partnership in the banking sector. Starting in December,
flatex, a company of FinTech Group AG (new WKN: FTG111, new ISIN:
DE000FTG1111, Ticker: FLA.GR) and one of the leading online brokers in
Germany, will begin offering its more than 165,000 clients access to JDC's
digital JDC insurance wallet, "allesmeins".
"We are extremely excited about this first major collaboration between JDC
and a thriving online broker," says Ralph Konrad, JDC Group CFO. "Our
digital insurance wallet, allesmeins, has already become well established
with our more than 16,000 financial advisors, and now we want to accelerate
the roll-out by joining with strategic partners from the banking and
insurance sector. This allows us to offer our potential partners attractive
cross-selling capacities that they would be unable to raise on their own:
We assume, for example, that the more than 165,000 flatex clients have
concluded a total of more than 1 million insurance contracts. And the
average annual broker's commission is 30 euros per contract. Together with
flatex we want to do our best to tap into this potential client base."
Starting in December, flatex customers can simply transfer their insurance
contracts into the digital insurance folder and digitally mandate a broker
to manage their policies. Going forward, this will help the client not only
stay current on what's happening with his insurance portfolio - including
scans of all important documents - he will also receive automated updates,
which he can accept or reject with a single click. In addition, flatex
clients will have access to professional online agents, who can answer
questions by phone or video chat and provide services above and beyond the
purely technical.
"What impressed us most about allesmeins was its simplicity and the
advantages it offers our clients. Going forward, we believe that managing
insurance has to be both digital and easy - like it is with allesmeins,"
says Niklas Helmreich, CEO at flatex GmbH.
Along with flatex, JDC Group is also currently in talks with other
potential partners in the banking and insurance sector. "During periods of
low interest rates, a lot of banks are looking for additional revenue
streams. Gaining a foothold in the digital insurance business through
allesmeins or JDC is absolutely ideal," comments Dr Sebastian Grabmaier,
CEO at JDC Group AG. "Very few banks have realized their earnings potential
in the area of insurance - most of them haven't even started. We want to
change that. Our extensive experience as one of the largest suppliers of
insurance products in Germany combined with an efficient transaction
technology operating in the background makes us an ideal partner."
Further information about JDC Group AG can be found at www.jdcgroup.de.
Contact
Ingo Middelmenne
Head of Investor Relations
JDC Group AG
Telephone: +49 611 3353 514
E-Mail: [email protected]
About JDC Group AG
JDC Group AG (ISIN: DE000A0B9N37) stands for modern financial advice and
intelligent financial technology for advisors and customers. In the
"Advisortech" business unit, we provide our customers and advisors with
modern advisory and administration technology using the Jung, DMS & Cie.
Groups. While many sales and distribution partners perceive the
technological transformation as a problem and the young Fintech companies
as the new competitors, we perceive the "technology" factor to be a great
opportunity. Solutions from the "Advisortech" business unit will help
advisors in the future to take even better care of their customers and
generate increased sales in their earnings. In the "Advisory" segment, we
convey financial products to private end customers via free advisors,
brokers and financial distributors using the FiNUM Group. With over 16,000
connected sales partners, around 1,000,000 end customers, a portfolio of
more than EUR 4 billion and over EUR 1.3 billion in product sales each
year, we are one of the market leaders in the German-speaking area.
About FinTech Group AG
FinTech Group AG (new WKN: FTG111, new ISIN: DE000FTG1111, Ticker Symbol:
FLA.GR) is one of the most significant innovative financial technology
companies in Europe. Our B2C brands service a total of 200,000 private
clients. Likewise, our B2B business lines are important technology partners
for German and international banks and financial institutions.
Our wholly owned subsidiary flatex GmbH has been one of the innovation
leaders in the German online brokerage market for years. About 160,000
private clients both in Germany and internationally have chosen flatex'
clear and transparent pricing model. XCOM AG, in which we hold a majority
interest, was founded in 1988 and is a German pioneer in the area of
financial technology. Today, XCOM AG is one of the most successful software
and technology providers for banks and financial institutions.
biw Bank für Investments und Wertpapiere AG, which is also belongs to
FinTech Group, has a full-service banking license and is the group wide
backbone of our banking services. It also serves as outsourcing partner for
other well-known banks ("white label banking services") and is one of the
most modern online banks in Europe. FinTech Group AG is also an important
partner for many young fintech companies in the up-and-coming German start-
up scene, who benefit from our innovative profile.
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20.10.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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