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FlatexDEGIRO : trading platform receives special prize in the "Champions of Digital Transformation 2021" study

09/17/2021 | 03:12am EDT

Corporate News / Frankfurt/Main, 17 September 2021

flatexDEGIRO's trading platform receives special prize in the "Champions of Digital Transformation 2021" study

  • Innovative and proprietary trading platform pioneers digital transformation of brokerage and banking offering
  • Comprehensive digital applications and highest cyber security standards allow customers to trade all shares and securities easily and securely from their smartphone or computer
  • All customers to benefit from the use of latest information technology through the introduction of innovative offers in the upcoming evolution of the trading app
  • High development speed and scalability of the platform proven with 100% of employees working mobile

Frankfurt am Main - The innovative trading platform of flatexDEGIRO AG (WKN: FTG111, ISIN:

DE000FTG1111, Ticker: FTK.GR), Europe's leading and fastest-growing online broker for retail investors, was yesterday awarded the "Special Prize for Platforms" as part of this year's study "Champions of Digital Transformation 2021". The study was conducted by the strategy and management consultancy Infront Consulting with the support of its media partner, the business magazine CAPITAL. flatexDEGIRO's trading platform convinced both customers and employees.

In particular, the high level of innovation, the level of cyber security and the significant development progress were convincing, especially in light of the special Covid challenges in recent months. With around 500 of the Group's 1,000 employees working in IT, its own data centers in Germany with its own community cloud and an agile development strategy, flatexDEGIRO is able to process every day up to 3 billion price feeds, settle over 1 million securities transactions daily and to provide new functionalities on a weekly basis.

Frank Niehage, CEO of flatexDEGIRO AG, says: "Receiving this special award fills us all with great pride. As a technology leader, our proprietary trading platform is at the heart of our company's success. On average, we have doubled our customer base every 24 months in recent years, and we aim to grow from 2 million to 7-8 million customers by 2026. Most modern technology, innovative processes and our outstanding teams enable us to be a highly reliable and secure partner for all retail investors who want to take control of their own financial future, while offering continuous product and service innovations."

Muhamad Chahrour, CFO of flatexDEGIRO AG and CEO of DEGIRO adds: "We have a huge technological advantage over competitors who have outsourced a large part of their IT landscape. Our proprietary, autonomous and fully integrated platform allows us to quickly and independently offer highly scalable new products to our customers. With the evolution of our trading apps to 'next 3.0', we will make our technological advantage even more tangible for all flatex and DEGIRO customers in the near future. As the European market leader, we also have a responsibility to make stock and securities trading simpler, more transparent and more personal. This is another crucial step in our mission to retailise access to the capital markets for private individuals and give everyone the opportunity to invest."

Muhamad Chahrour, CFO of flatexDEGIRO AG and CEO of DEGIRO and Steffen Jentsch, Member of the Management Board of flatexDEGIRO Bank AG, accept the "Special Award for Platforms"

The entire study can be found at: www.infront-consulting.com/transformation (in German only)

Background to the study

"Champions of Digital Transformation" was conducted by the strategy and management consultancy Infront Consulting with the support of its media partner, the business magazine CAPITAL , in the first half of 2021. 127 companies participated in the study. The study was published in 2021 for the second time after 2015.

Contact:

Achim Schreck

Tel. +49 (0) 69 450001 0

Head of IR & Corporate Communications

achim.schreck@flatexdegiro.com

flatexDEGIRO AG

Rotfeder-Ring 7

D-60327 Frankfurt/Main

About flatexDEGIRO AG

flatexDEGIRO AG (WKN: FTG111, ISIN: DE000FTG1111, Ticker: FTK.GR) operates one of the leading and fastest-growing online brokerage businesses in Europe, executing millions of paperless securities transactions per annum. B2C customers in 18 European countries are serviced via the flatex and DEGIRO brands and offered a wide range of independent products at competitive pricing, based on a modern, in-housestate-of-the-art technology.

With currently more than 1.25 million customers and over 75 million securities transactions in 2020, flatexDEGIRO is the largest retail online broker in Europe. In a time of bank consolidation, low interest rates and digitalization, the flatexDEGIRO Group is ideally positioned for further growth. Within the next five years, flatexDEGIRO aims to grow its customer base to 7-8 million customers, settling at least 250- 350 million transactions per year - even in years with low volatility.

Disclaimer

Flatex AG published this content on 17 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 September 2021 07:11:08 UTC.


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Frank Niehage Chairman-Management Board
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Martin Korbmacher Chairman-Supervisory Board
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