arvato Financial Solutions is working with leading financial incubator Startupbootcamp FinTech / Finance goes next generation

Baden-Baden (ots) - In keeping with the philosophy, "finance goes
next generation," arvato Financial Solutions is investing in
Startupbootcamp FinTech, which specializes in supporting
financial-technological innovations and the latest technologies in
order to provide for and equip financial services. In doing so, this
arvato subsidiary is going beyond the scope of a classic financial
service provider. In the future, its goal is to be able to use
innovations to provide a stronger response to the demands of global
customers. For the time being, arvato Financial Solutions has
committed itself for a total of three years with a six figure cash
(EUR) contribution.

"We aren't expecting the financial industry to be revolutionized
by new technologies as quickly and extensively as the music industry
at the turn of the century, for example. However, in the coming
years, we do expect our sector to see marked changes, most of which
will be driven by new entrants to the market." That is how Michael
Weinreich, CEO of arvato Financial Solutions and Member of the
Executive Board of arvato, assesses the future development of the
financial industry.

In an environment like this, the start-up scene is providing the
classic financial institutes with streams of challengers. They are
not necessarily in the process of reinventing the banking business.
Instead, they often use the existing banking infrastructure as a
basis but put forward creative, unusual and innovative business
ideas. They are often start-ups who initially developed software
modules or complete IT solutions for banks. In Germany alone there
are more than 30 providers competing for market share " from small
start-ups to large providers of telecommunications and credit cards.

Michael Weinreich emphasizes arvato's commitment to
Startupbootcamp FinTech: "We do come from the traditional financial
services industry, but because of our global orientation, it is also
precisely this expertise that we now wish to employ in the next
generation of financial transactions, so as to benefit all of our
customers. That's why we are increasingly promoting technologies that
radically simplify all kinds of payment flows and the way that money
is managed. In the future this will enable us, along with our
partners, to cover the entire financial value chain."

Nektarios Liolios, managing director at Startupbootcamp FinTech,
said: "arvato has a rich history helping to deliver successful IT
projects across a number of industries, including the financial
services sector. The company's expertise in this field will greatly
benefit our startups, helping them negotiate the often
far-from-simple systems which support our banks and finance
organisations. We're really excited to welcome arvato to our growing
community of partners and looking forward to working with them." For
more information visit finance.arvato.com

arvato Financial Solutions is a global financial service provider
and part of Bertelsmann SE & Co. KGaA as a subsidiary of arvato AG.

The company has around 7,000 employees in 21 countries, including
a strong presence in Europe, America and Asia, and offers flexible
full-service solutions for the value-oriented management of customer
relationships and cash flows. arvato Financial Solutions is
synonymous with professional outsourcing services (Finance BPO)
centering on cash flow in all phases of the customer lifecycle - from
risk management and invoicing to debtor management, the sale of
receivables and debt collection. As part of this, we focus on
minimizing default rates in the business initiation phase and during
the collection process. As a result, our services also include
optimizing the selection of payment types internationally.

As a financial solutions provider, we manage around 10,000
customers, specializing primarily in the retail/e-commerce,
telecommunications, insurance, banking and healthcare sectors. This
makes us Europe's third largest integrated financial service
provider. Your one stop shop for financial services. Professional.
Reliable. Efficient.

About Startupbootcamp FinTech

Launched in 2014, Startupbootcamp FinTech is Europe's leading
FinTech accelerator, and the only program of its kind to attract such
wide industry support. Based in London, its partners include Lloyds
Banking Group, MasterCard, Rabobank, SBT Venture Capital, arvato
Financial Solutions, Route 66 Ventures and Intesa Sanpaolo, as well
as an extensive mentor and alumni network from 30+ countries across
the globe.

The award-winning accelerator offers FinTech startups access to
world class industry expertise during an intensive three month
program. At the end of the program, startups pitch at Demo Day to
more than 150 investors.

Press contact:
Nicole Schieler
arvato infoscore GmbH
part of arvato Financial Solutions
Rheinstraße 99
76532 Baden-Baden
Germany
presse@arvato-infoscore.de
Phone +49 (0)7221/5040-1130
Fax +49 (0)7221/5040-3055
http://finance.arvato.com

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