Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Xetra  >  Hypoport SE    HYQ   DE0005493365

HYPOPORT SE

(HYQ)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Bancassurance: Europace credit platform and SMART INSUR insurance platform seamlessly integrated with each other for the first time

11/24/2020 | 02:29am EST

Press release

Thanks to Europace and Smart InsurTech, Sparda BW enables payment protection insurance linked to mortgage finance to be taken out digitally

Bancassurance: Europace credit platform and SMART INSUR insurance platform seamlessly integrated with each other for the first time

Berlin, 24 November 2020. For the first time, Europace - the largest German transaction platform for mortgage finance, building finance products, and personal loans - and the web-based SMART INSUR insurance platform can communicate with each other directly. In cooperation with Sparda-BankBaden-Württemberg eG (Sparda BW), a standard connection was developed that enables payment protection insurance to be taken out digitally in conjunction with a mortgage finance application.

"We want to digitalise our processes and reduce manual tasks that take up a lot of time so that our advisors can focus more on looking after clients while administrative staff can concentrate on value- adding tasks," says Michael Lichtner, Back Office Head of Department at Sparda BW, explaining the reasons for the joint project. "This not only improves our efficiency but also enables us to avoid errors that might potentially occur in manual processes."

Thanks to the cooperation between Smart InsurTech AG and Europace AG, both of which are wholly owned subsidiaries of Hypoport SE, an advisor who applies for mortgage finance for their client using Europace's Baufi Smart frontend receives an offer for payment protection insurance and thus benefits from the Smart Compare comparison tool. Smart Compare connects the mortgage finance advisors to the product supplier Credit Life, enabling a quote to be requested almost in real time.

Stefan Münter, Co-CEO of Europace, adds: "We are delighted that Sparda BW, a long-standing customer of the credit platform, has teamed up with us for this project. The collaboration between the two Hypoport companies allows us to be a one-stop shop for Sparda BW, providing the best possible process for advisors and end clients. It was important for us to create a standard interface to the SMART INSUR insurance platform as it means we can offer a link to payment protection insurance as part of the mortgage finance application process for all prospective customers in future."

Besides the synergies, another benefit of the interface between the credit and insurance platforms is the high level of data security because both systems are part of the Hypoport Group and thus no external

Management Board:

Supervisory Board:

Lübeck local court

Ronald Slabke (CEO),

Dieter Pfeiffenberger (chairman),

HRB 19859 HL

Stephan Gawarecki,

Roland Adams (vice-chairman),

VAT reg. no.: DE207938067

Martin Krebs

Website: www.hypoport.com

service providers are involved. Care was taken to maintain a separation between the two companies, with each one working in their own domain and only with access to the data that it actually needs.

"By combining the expertise of Europace and Smart InsurTech, we can make inroads into new markets," reports Marcus Rex, member of the Management Board of Smart InsurTech AG. "It provides the blueprint for the integration of further payment protection insurance products. Any such product can be integrated through the interface, so it opens up huge market potential."

About Hypoport SE

Hypoport SE is headquartered in Lübeck (Germany) and is the parent company of the Hypoport Group. The Group is a network of technology companies for the credit, real-estate and insurance industries with a workforce of more than 2,000 employees. It is grouped into four segments: Credit Platform, Private Clients, Real Estate Platform and Insurance Platform.

The Credit Platform segment operates Europace, which is an online B2B financial marketplace and the largest German platform offering mortgages, building finance products and personal loans. A fully integrated system links more than 750 partners - banks, insurers and financial product distributors. Several thousand loan brokerage advisors execute approx. 35,000 transactions per month on Europace, generating a volume of more than €7 billion. Besides Europace, the FINMAS and GENOPACE sub-marketplaces and the B2B distribution companies Qualitypool and Starpool support the growth of the credit platform.

The Private Clients segment, made up of the web-based,non-captive financial product distributor Dr. Klein Privatkunden and the consumer comparison portal Vergleich.de, brings together all business models aimed at directly advising consumers on mortgages, insurance or pension products.

All real estate-related activities of the Hypoport Group, with the exception of mortgage finance, are grouped together in the Real Estate Platform segment (previously Institutional Clients) with the aim of digitalising the sale, valuation, financing and management of properties.

The Insurance Platform segment operates SMART INSUR, a web-based B2B platform for advice, comparison of tariffs and the administration of insurance policies. The segment also incorporates the insurance unit of Qualitypool, a B2B distribution company.

The shares of Hypoport SE are listed in the Prime Standard segment of the Frankfurt Stock Exchange (Deutsche Börse) and have been included in the SDAX since 2015.

Contact

Jan H. Pahl

Investor Relations Manager

Phone: +49 (0)30 / 42086 - 1942

Mobile: +49 (0)176 / 965 125 19

Email: ir@hypoport.de

Hypoport SE

Heidestraße 8

10557 Berlin www.hypoport.com

Management Board:

Supervisory Board:

Lübeck local court

Ronald Slabke (CEO),

Dieter Pfeiffenberger (chairman),

HRB 19859 HL

Stephan Gawarecki,

Roland Adams (vice-chairman),

VAT reg. no.: DE207938067

Martin Krebs

Website: www.hypoport.com

Key data on Hypoport's shares

ISIN DE 0005493365

WKN 549336

Stock exchanges symbol HYQ

Management Board:

Supervisory Board:

Lübeck local court

Ronald Slabke (CEO),

Dieter Pfeiffenberger (chairman),

HRB 19859 HL

Stephan Gawarecki,

Roland Adams (vice-chairman),

VAT reg. no.: DE207938067

Martin Krebs

Website: www.hypoport.com

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Hypoport SE published this content on 24 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 November 2020 07:28:04 UTC


© Publicnow 2020
All news about HYPOPORT SE
01/18HYPOPORT AG : Gets a Neutral rating from Warburg Research
MD
01/18HYPOPORT SE : further significant gains in market share in 2020
PU
01/18PRESS RELEASE : Hypoport SE: Further significant gains in market share in 2020
DJ
01/18HYPOPORT SE : Further significant gains in market share in 2020
EQ
01/06HYPOPORT : New head of B2B personal loans business in the Hypoport network
PU
01/06HYPOPORT SE : New head of B2B personal loans business in the Hypoport network
EQ
01/06PRESS RELEASE : Hypoport SE: New head of B2B personal loans business in the Hypo..
DJ
2020HYPOPORT : IKB and Hypoport join forces on the corporate finance platform &lsquo..
PU
2020HYPOPORT SE : IKB and Hypoport join forces on the corporate finance platform 'fu..
EQ
2020PRESS RELEASE : HYPOPORT SE: IKB and Hypoport join forces on the corporate finan..
DJ
More news
Financials
Sales 2020 399 M 485 M 485 M
Net income 2020 26,5 M 32,3 M 32,3 M
Net Debt 2020 102 M 124 M 124 M
P/E ratio 2020 142x
Yield 2020 -
Capitalization 3 735 M 4 547 M 4 546 M
EV / Sales 2020 9,62x
EV / Sales 2021 7,95x
Nbr of Employees 2 059
Free-Float 55,4%
Chart HYPOPORT SE
Duration : Period :
Hypoport SE Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends HYPOPORT SE
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 5
Average target price 431,20 €
Last Close Price 593,00 €
Spread / Highest target -7,25%
Spread / Average Target -27,3%
Spread / Lowest Target -73,0%
EPS Revisions
Managers and Directors
NameTitle
Ronald Slabke Chief Executive Officer
Dieter Pfeiffenberger Chairman-Supervisory Board
Christian Würdemann Head-Group Operations
Roland Adams Vice Chairman-Supervisory Board
Martin Krebs Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
HYPOPORT SE15.15%4 547
FIDELITY NATIONAL INFORMATION SERVICES-8.75%80 095
ADYEN N.V.0.73%70 798
WORLDLINE-7.74%24 799
STONECO LTD.-5.86%24 389
BROADRIDGE FINANCIAL SOLUTIONS, INC.-2.78%17 910