DGAP-News: FinTech Group AG / Key word(s): Market Report Corporate News / Frankfurt am Main, 11 October 2017 FinTech Group AG welcomes 200,000th flatex customer -
"We are extremely pleased that flatex keeps winning the trust of ever more customers," comments Frank Niehage, CEO of FinTech Group AG. "Our stringent strategy of a broad range of products, provided by excellent product partners is convincing our customers. In particular, the exchange traded products that we market together with Morgan Stanley under our own label 'flatex select' are becoming increasingly popular. Our customers agree on one thing: they all want to trade safely and flexibly with the best value for their money. Therefore, we expect to grow significantly our market share of currently 25%." In Austria, flatex is also winning more and more customers, who are trading above average - the market leadership in this segment has now been reached with a market share of almost 50%. The total number of customers is presently at 22,500 - an increase by 6,000 (+36%) since the beginning of the year. "Our 200,000 flatex customers are the most active retail customers in the market. Despite overall low market volatility the number of executed trades is increasing continuously and above average. We expect an even higher increase in the number of executed trades should market volatility return - a result of our customers' high trading affinity as well as the broad range of products offered on flatex," says Muhamad Chahrour, CFO of FinTech Group AG. Non-flatex clients to get access to products, introduction of new crypto assets About FinTech Group AG FinTech Group AG (WKN: FTG111, ISIN: DE000FTG1111, Ticker: FTK.GR) is a modern smart bank: We offer innovative financial technology, our own core banking system, and a regulatory liability umbrella. Our cash cow is retail broker flatex which, through our advanced technology, can offer top-quality service at an affordable price. This makes flatex one of the fastest growing trading platform in Europe. Our smart technology is easy to scale, so we also successfully offer it to B2B customers. We provide vital services for many well-known institutions and even state infrastructure. We help start-ups and disruptive business ideas that require a banking license to rapidly become a success. Through our white label banking.
In a time of bank consolidation, low interest rates, and digitization we are ideally positioned for further growth. Our goal is to become Europe's leading provider of financial technology. Disclaimer
This release may contain forward-looking statements and information, which may be identified by formulations using terms such as "expects", "aims", "anticipates", "intends", "plans", "believes", "seeks", "estimates" or "will". Such forward-looking statements are based on our current expectations and certain assumptions, which may be subject to variety of risks and uncertainties. The results actually achieved by FinTech Group AG may substantially differ from these forward-looking statements. FinTech Group assumes no obligation to update these forward-looking statements or to correct them in case of developments, which differ from those anticipated. Roman Kessler Head of Communications FinTech Group AG Rotfeder-Ring 5 D-60327 Frankfurt/Main +49 (0) 69 450001 041 Roman.kessler@fintechgroup.com
11.10.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | FinTech Group AG |
Rotfeder-Ring 5 | |
60327 Frankfurt am Main | |
Germany | |
Phone: | +49 (0) 69 450001 041 |
E-mail: | ir@fintechgroup.com |
Internet: | www.fintechgroup.com |
ISIN: | DE000FTG1111, DE0005249601 |
WKN: | FTG111 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; Open Market (Scale) in Frankfurt |
End of News | DGAP News Service |
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