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HYPOPORT SE
Business and Financial Review • Jan 11, 2023
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Business and Financial Review
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Corporate | 11 January 2023 08:00
Hypoport SE: Sales efficiency of the cooperative banking group boosted by the GENOFLEX personal loans platform
EQS-News: Hypoport SE / Key word(s): Market Launch/Joint Venture
Hypoport SE: Sales efficiency of the cooperative banking group boosted by the GENOFLEX personal loans platform
11.01.2023 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
GENOFLEX rollout
Sales efficiency of the cooperative banking group boosted by the GENOFLEX personal loans platform
- GENOFLEX adds to a positive experience for customers and advisors
- Pilot phase with 70 cooperative banks concluded successfully
- Rollout from January 2023
Berlin/Nuremberg, 11 January 2023: GENOFLEX GmbH, a joint venture of Hypoport SE and TeamBank AG, is set to expand its offering to a broader audience following the successful completion of the pilot phase.
The joint venture will enable participating cooperative banks to offer alternative personal loan products to their customers if no suitable easyCredit product is available. These alternative products may be from other cooperative banks or from financial institutions outside the cooperative banking sector. The two partners combined their strengths in order to deliver this joint project. TeamBank has an extensive sales network thanks to contractual relationships with nearly all cooperative banks in Germany, while Hypoport has brought its experience with platform business models to the joint venture. The pilot phase, which involved 70 cooperative banks, was concluded at the end of 2022 and the rollout to further cooperative banks will begin in January 2023.
Christian Polenz, Deputy Chief Executive Officer of TeamBank AG, is pleased with the pilot phase: “The GENOFLEX platform attracted so much interest from our cooperative partner banks that we increased the number of participants from the original pool of 30 banks to 70 during the pilot phase. Now, we look forward to progressively rolling out GENOFLEX to all of our partner banks in the cooperative financial network. This will allow us to create a new positive experience for customers and advisors and to contribute to the profitable growth of the cooperative financial network.”
Jens Fehlhauer, general representative of Hypoport SE with responsibility for the cooperative banking sector, adds: “The progressive rollout of GENOFLEX across the cooperative financial network is the logical next step now that the pilot phase has been concluded. And I would like to take this opportunity to thank the entire GENOFLEX team for making the pilot phase a success.”
TeamBank AG – a DZ BANK Group company
Offering the easyCredit product in Germany and ‘der faire Credit’ in Austria, TeamBank AG is the centre of excellence for liquidity management in the cooperative banks. In total, over 90 per cent of all German cooperative banks have partnered with TeamBank, which is based in Nuremberg. In Austria, it collaborates with all Volksbank institutions and around half of the Raiffeisenbank institutions. TeamBank offers integrated, innovative products and services, providing customers with fully digitalised solutions and thus easy access to liquidity wherever they are and whenever they want.
And with its seamless cross-media payment process easyCredit-Ratenkauf, TeamBank also provides tailored embedded finance solutions for merchants.
Contact
Ute Scharnagl
Head of Corporate Communications
phone: +49 (0) 911 / 5390-3202
mobil: +49 (0) / 170 375 6364
TeamBank
Beuthener Straße 25, 90471 Nürnberg
www.teambank.de
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 approx. 2,500 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 approx. 800 partners – banks, insurers and financial product distributors.
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 or MDAX since 2015.
Contact
Jan H. Pahl
Head of Investor Relations // IRO
phone: +49 (0)30 / 42086 – 1942
mobile: +49 (0)176 / 965 125 19
Email: [email protected]
Hypoport SE
Heidestr. 8
10557 Berlin
www.hypoport.com
Key data on Hypoport’s shares
ISIN DE 0005493365
WKN 549336
Stock exchanges symbol HYQ
11.01.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
| Language: | English |
| Company: | Hypoport SE |
| Heidestraße 8 | |
| 10557 Berlin | |
| Germany | |
| Phone: | +4930420861942 |
| Fax: | +49/30 42086-1999 |
| E-mail: | [email protected] |
| Internet: | www.hypoport.de |
| ISIN: | DE0005493365 |
| WKN: | 549336 |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1532089 |
| End of News | EQS News Service |