Finanz Informatik, the IT service provider of the Sparkassen Finanzgruppe, has extended the contract and ordered additional services such as pricing services and fund X-rays. With 590 Sparkassen, Landesbanken, and various joint ventures, the Sparkassen Finanzgruppe employs 350.000 people and serves one third of Germany’s retail clients.
As a result of its growing North America business, financial.com has put a new data center in Chicago into operation. In addition to Munich, Frankfurt and Toronto, the new data center is our fourth operational unit to host our managed solutions for our customers.
Subsequently to the event in Frankfurt the 13th Kapitalmarkt Kolloquium was held in Düsseldort at the Steigenberger Parkhotel. Two lectures had been given to 120 attendees. The event was an ideal platform for networking and discussions among institutional investors. The first presentation was held by Eckhart Sauren, one of Germany’s most successful fund managers and entrepreneurs. As the pioneer of the fund of funds industry he presented the history of his 25 year old company with now 3 billion EUR assets under management. The second presentation was held by Prof. Dietmar Harhoff, Director of the Max Planck Institute and President of chancellor Angela Merkel’s commission for innovation and competition. He gave valuable insights into the trends and metrics of the global patent system.
With 150 institutional investors at the 12th Kapitalmarkt Kolloquium in Frankfurt was fully booked. Thomas Bauerfeind, Executive Partner of leading ALM consultant Protinus, presented on the difficult environment for pension funds given low interest rates, increasing regulatory requirements and unfavorable demographics. Subsequently Dr. Matthias Pötzl, founder and managing director of octimine technologies, presented on trends and metrics in the patent universe. Using maschine learning and artificial intelligence algorithms one can easily identify value drivers and patterns ouf of 22 million patents globally.