Novomatic The Novomatic Group is the producer and operator of one of the largest gaming technology companies in the world and employs more than 25,000 people. The group has operations in 45 countries and exports innovative gaming equipment, system solutions, lottery system solutions and services to more than 70 countries.
Fintech, a trend
“Fintech is a trend that requires explanation and there is no legal definition for it, and over the last five years the hype surrounding fintech has helped the company, but this hype is now ebbing away and the group is often associated with the negative issues Likelihood of confusion and perception as a start-up company without a track record, which burns money and certainly can not be profitable, are completely inaccurate associations with regard to the most successful FinTech Group AG of all time”, explained Frank Niehage, CEO of FinTech Group AG. The preliminary figures for the year 2018 will be published at the end of March.
Regardless of the name change, the B2B business will continue unrestricted
In the future, however, the focus on the high-margin B2C business should, in particular, drive the European expansion strategy “flatex goes Europe”. The significantly higher brand awareness of flatex compared to FinTech is intended to facilitate both the marketing for the acquisition of new retail customers and investors and the market entry into new countries, it said.
FinTech Group AG, in which Österreichische Post is known, is taking over the name flatex. The management and the Supervisory Board decided to rename FinTech Group Bank AG into flatex Bank AG and to propose the reorganization of the parent company FinTech Group AG into flatex AG at the next ordinary general meeting in the summer of 2019, the company announces.
Also published on Medium.