editor in the economy.F. A. Z.
the Deutsche Bank was currently, it has a minority share of Traxpay, a platform for supplier financing acquired. On Traxpay retailers and suppliers can quickly find each other and clarify who has just excess Liquidity. It is the dealer and he can pay, therefore, its Were accelerated, he receives from the supplier a higher price discount ("Discount"). The dealer needs to find a between financing through a Bank, is this also available through the platform. Traxpay handles for its customers, with this offer, an annual volume of more than a billion euros.
Deutsche Bank was able to rarely keep up
As Hoops on the Internet platform "Linked to keep up-In" has to admit, it was the Deutsche Bank in the past few months, in competition with Traxpay. You do not want to make the mistake to ignore everything that was not invented in the Deutsche Bank group, or even bad talk. Rather, it is about the customer also through strategic alliances for fast solutions. "With Traxpay, we have found an experienced and good Partner, we will be offering in this field for more solutions for our customers. Our answer to the question ,Fintech or Bank‘ is ,Fintech and banking,‘“ says Daniel Schmand, head of trade Finance and business loans at Deutsche Bank.
For Markus Rupprecht, CEO of Traxpay, is the participation of the German Bank on the one hand, knight, on the other hand, is a risk. Rupprecht, who worked from 1991 to 2001, even for the Deutsche Bank and then to a plurality of stations, for example, in the IT company, GFT and Software AG in 2009, Traxpay has established, wants more European banks as shareholders. "The use of a single platform holds for both customers and suppliers as well as the financing partner, a large transparency and efficiency gains," says Rupprecht.
in other words: If every Bank and Fintech cook your own soup, it will be difficult, the American platforms for supplier financing, oppose something. Because that's the only platforms on which it is already lively, to attract more users. In this respect, Deutsche Bank has an interest that other European banks to participate in Traxpay with business and as a co-owner. In order not to be quenched, has acquired the German Bank probably only a proportion of not more than 10 percent of Traxpay.Updated Date: 27 July 2020, 10:20