DvH Ventures invests in NDGIT – the API platform for banking and insurance solutions

Munich, 23 March 2017

Together with other strategic partners, Dieter von Holtzbrinck Ventures (DvH) is investing a seven-digit figure in NDGIT, the Munich technology business innovator. The venture capital fund, a joint initiative of DvH and Nord/LB, is specialised in FinTech and InsurTech investments and involved for the first time with a provider of finance architectures for banking and insurance solutions. With its API platform NDGIT paves the way for future digitisation and networking with online providers.

“API platforms will become the fast track for the digitisation of banks and insurance. They support traditional finance providers and FinTechs to network with digital ecosystems. NDGIT doesn’t just provide a single function as APIs, but also covers the complete range of digital banking and insurance solutions with its API platform,” said Peter Richarz, Managing Director of DvH Ventures.

Stephan Tilack, Head of IT for NORD/LB: “Banking IT is becoming increasingly linked with the customer systems and their value chains in corporate banking. With its new API platform, NDGIT offers the opportunity to provide custom-tailored information to our customers’ processes or vice versa to precisely collect and process our customers’ information. This opens up new opportunities for networking and collaboration.”

NDGIT stands for Next Digital Banking and delivers the first API platform for the requirements of banks, insurance providers and FinTechs. In numerous industries, including include banking, APIs form the key foundations for the development of digital applications. With NDGIT technology, banks can implement their Open Banking and PSD2, use digital ecosystems and integrate the best special functions from FinTechs via API into their systems. In addition, the NDGIT API marketplace makes the services provided by the top FinTechs much easier to use and more convenient to manage. These are supplemented by from a middleware technology with which the universal digital processes and application backend with APIs can be developed more efficiently and more quickly than old-fashioned conventional application development.

“I am pleased to be shaping our growth together with strategic VC partners and industry experts. Our API banking platform delivers the technological backbone for the digital challenges of the finance sector. Banks and digital ecosystems can network much more easily, implement Open Banking APIs and develop innovative applications more quickly with FinTech services,” explained NDGIT CEO and Co-founder Oliver Dlugosch.

About NDGIT GmbH

NDGIT GmbH stands for Next Digital Banking and supplies the first API platform for banking and insurance. It connects banks and FinTechs with digital ecosystems. Its technology enables banks to open themselves up to digital partners with Open Banking APIs and PSD2 solutions. In addition, special functions from FinTechs can be easily used via the Next Banking API marketplace, adapted and integrated into applications. The platform makes it easier to use internal and external APIs, to monitor them centrally and manage them. The NDGIT FinTech platform is therefore the technological backbone for new applications and IT landscapes in banking and insurance.

About Dieter von Holzbrinck Ventures

DvH Ventures is one of the leading early stage investors in Germany and invests in technology-focused start-ups that develop disruptive products and services – from FinTech, InsurTech and Big Data through to art and culture, from training and further training to mobile advertising. As an independent Venture Capital fund, DvH Ventures invests with capital, management support and access to readers of the journalistic heavyweight trade journals, Handelsblatt, WirtschaftsWoche, Tagesspiegel and Die ZEIT. In November 2015, DvH Ventures started a Venture Capital Fund for FinTech and InsurTech Investments together with NORD/LB. Oliver Finsterwalder, Peter Richarz and Fabian von Trotha make up the management team. You can find further information at: DvH Ventures