Filiz Sarah Gärtner

Meet our CODE_n CONTEST Finalists 2016: BuchhaltungsButler from Germany

52 CODE_n CONTEST finalists – that means 52 amazing teams, 52 innovative business models – and – also, 52 exciting interviews: Over the next weeks, we will present each finalist with a short Q&A, giving you a first impression and some valuable insights before you can get to know them yourself during our new.New Festival in September. We are happy to start off this series with BuchhaltungsButler – a Berlin-based startup belonging in our Applied FinTech cluster. Read on to find out all about their “out of the box accounting” tool!

Logo für BlogWhat is BuchhaltungsButler all about? How did you come up with the idea?

Maximilian:
BuchhaltungsButler is all about automatizing the financial accounting process. It is designed for the needs of SMEs and automatically turns transactions and invoices into accounting records.

The user just has to connect the bank accounts and upload the invoices. Instead of manually doing the sorting (invoice to transaction) and accounting work, the user only has to validate the automatically generated data.

“Digital Disruption“ – that’s the motto of this year’s CODE_n CONTEST. What makes your solution innovative, what makes it disruptive?

Maximilian: We tried to design an accounting tool out of the box, that not only meets the requirements of freelancers and solo entrepreneurs but still meets the requirements of SMEs, currently working with Lexware or DATEV. Our main focus is automation. We do not want to over engineer our product and might never have all features DATEV has, but we aim to automatize 80%+ of the accounting work through AI, that is currently done manually.

You’re one of the 13 finalists in the Applied FinTech contest cluster. Which challenges do you think young companies have to face in this sector? How do you handle these challenges?

Maximilian: I believe that the FinTech industry is still behind other industries when it comes to digitalization. It is a sector that is mostly dominated by bigger players with larger resources, who are slowly getting aware of the challenges of digitalization. Although there is huge potential for Startups in disrupting this industry, there is also a big risk of being pushed out of the market by existing players, once they use their resources to build something innovative. So speed is absolutely crucial to succeed in this industry! More…

Nadine Korany

The secret’s out – these 52 finalists will be celebrating the digital disruption at the CODE_n new.New Festival in September

Over 380 young companies from all over the world applied for one of the four contest clusters under the overarching theme of ‘Digital Disruption’; now the best of the best have been chosen. The 52 finalists from 11 different countries will be travelling to Karlsruhe in Germany this autumn to present their digital business solutions at our new.New Festival, to potential customers, investors, mentors and visitors. Early bird tickets are available as of today.

“From Israel to Germany and over to the U.S., the young startup businesses represent an exciting spectrum of digital solutions in the four contest clusters: Applied FinTech, Connected Mobility, HealthTech and Photonics 4.0,” says GFT CEO and CODE_n Initiator Ulrich Dietz. As different as these four clusters might sound, they all have one thing in common; representing areas in which the digital revolution will take place – quickly, thoroughly, disruptively – changing our lives forever. Wonder what that future might look like? Our CODE_n Finalists of 2016 have the answers and while we will introduce all 52 startups in detail soon, we decided to present some exciting handpicked examples first!

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Nadine Korany

380 applications, 40 countries, 6 continents: The CODE_n CONTEST makes Karlsruhe go global!

Over the last three months, 380 startups from literally all over the globe submitted their application for this year’s CODE_n CONTEST “Unveiling digital disruption”. The deadline ended at midnight – sharp – and what we can tell already is that the first impression of submitted business models is quite impressive. CODE_n initiator and GFT CEO Ulrich Dietz is sure that “we’ll once again showcase this year’s highlights from the world of digital technology” – this time at our own new.New Festival in Karlsruhe.

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There, behind the doors and all around the area of the Center for Art and Media Karlsruhe (ZKM), 50 of the 380 applicants will get the chance to present their unique ideas revolving around the four CONTEST clusters Applied FinTechs, Connected Mobility, HealthTech and Photonics 4.0. They will get to meet our well-known partners, possible investors, potential customers, politicians, the media and research bodies.

As our new.New Festival website (which also went live today!) states: It’s the perfect place for digital pioneers, startups, lateral thinkers, experienced innovators – it might even be the perfect place for you! That is, if your into digital innovation. The CODE_n CONTEST jury, made of renowned experts from the world of business and media, will pick the 50 best candidates and make sure you will get to see 50 ideas with plenty of novelty and a high level of quality. Here’s a little sneak preview from what they get to choose from: More…

Nadine Korany

Do you want to rise your startup in Applied FinTechs? Apply for the CODE_n CONTEST!

Your innovations in Applied FinTechs are radically changing our environment – how we live as society and how we do business professionally. Whether we pay for our coffee, need a credit or set up an automatic payment for the rent, every day we are consciously or unconsciously using financial services while incidentally huge amounts of data are being collected. The ever-present linkage of the financial sector and our everyday life illustrates the huge potential for Applied FinTechs to bring major changes for society.

FinTech revolutionizes a variety of financial services such as mobile payments, social mining, money transfers, predictive analytics, fundraising or cognitive automation – and this brings many improvements for private and commercial use. No wonder that global investment in FinTech has skyrocketed from $ 930 million back in 2008 to over $ 12 billion by the beginning of 2015! Step by step FinTech startups are disrupting the traditional finance system. We are thrilled to find out what the next big step will be! Do you have an ace up your sleeve with your startup in Applied FinTechs? Make the move and apply for the CODE_n CONTEST! More…

Nadine Korany

The race is on! The CODE_n16 startup competition is now open for applications!

As the CODE_n16 CONTEST contest kicks off, we are once again seeking the world’s most innovative startups and ground-breaking business models. This year’s focus fields include FinTechs, Photonics, Mobility, and Health. Don’t miss your chance to become one of the 50 CODE_n CONTEST Finalists and benefit from free exhibition space during our CODE_n new.New Festival this fall. Not only will this be a once-in-a-lifetime opportunity to meet digital disruptors and outstanding entrepreneurial personalities, but the winner of the CODE_n16 Award – to be announced during a spectacular show – will receive prize money totaling €30,000. Interested? We have all the information you’ll need on the four CONTEST clusters and how to apply.

important dates 2Let’s start at the beginning. Your company was founded in 2011 or later? Perfect. With that you’ve already cleared the first hurdle. What we’re looking for are startups with ground-breaking new hardware or software solutions, IT applications, or IT-based business models that fit in with the overall contest theme: “unveiling digital disruption.” It’s not important that your innovation is already available on the market.
What’s mainly relevant is that your business model relates to one of the four focus topics of this year’s CONTEST: Applied FinTechs, Connected Mobility, Photonics 4.0 or HealthTech.

Applied FinTechs powered by GFT: from machine learning and robotics consulting to smart living through to Blockchain

Banking can seem like such a dry topic, but don’t be fooled: Financial solutions are based on new thinking, new technology, all put together in a clever way, which, in many cases, are a lot closer to the customer than you might think. Applied FinTechs, as we call these solutions, have been of particular interest to the CODE_n initiator and cluster representative GFT. The company recognized early on that fresh ideas from the outside make it much easier to stay at the forefront of technological (r)evolution.

Machine learning, robo advisory – there are many terms to describe how we automate financial tasks that were formerly in human hands. Maybe your startup knows how to become even better at this? Perhaps your business model is related to smart living and works to create a better customer journey, perhaps it’s were FinTech meets the Internet of Things, or perhaps you work with predictive analytics or the personalization and dedication of services. Or maybe you even have a business model based on blockchain technology. Any of these ideas are welcome in the Applied FinTechs cluster.

Connected Mobility powered by HPE: smart ecosystems for digitalization – from manufacturing to utilities and transportation

When thinking of Connected Mobility, a number of application scenarios come to mind: with aspiring ideas, buzz words like smart city or smart homes have become part of our everyday lives. And yet, there is still so much potential to make our lives easier and more connected. Our new partner and cluster representative Hewlett Packard Enterprise (HPE) has come up with a global IoT program, featuring markets such as manufacturing, automotive, logistics and transportation, as well as utilities. However, as a big company with more than 250,000 employees, it’s not always easy to be as flexible as a startup. Knowing that innovation is key, they have found a solution for this – they’re more than open to building strong partnerships, underpinned by collaboration and support: developing new innovative technologies – together. More…

Filiz Sarah Gärtner

“Driving” innovation – half time in CODE_n hall 16 at CebIT

Half time at CeBIT: Two days lie behind us already and there are two more to come. But even as the week progresses, CODE_n hall 16 – the hotspot for innovation – has further aces up its sleeve. Future Mobility, Future Banking, Future Finalist – these terms may seem distant or even unreal, but the future is closer than you think: it’s right here with us in Hanover, Hall 16.

For quite a few impressive woman and a couple of courages men, the day started out with a breakfast around the main topic Into the Internet of Things, hosted by SAALZWEI, the business online magazine for female readers. Apart from coffee and great food, visitors received input on the management of successful IT companies, by Marika Lulay, COO of GFT and got to listen to the founder story of Katja Beyer and Dr. Moria Shimoni of CODE_n finalist VAYSUSENSE. Dr. D. Knodel encouraged women to look into programming – the closest thing we have to a superpower!

Rinspeed

Rinspeed

From IT to Future Mobility: that’s what the conference program on Wednesday seems to be all about. Around midday, the hall is on the move – showing smart mobility and logistics with Frank Rinderknecht and team Rinspeed, Peter Fuss and Dr. Rainer Scholz from CODE_n partner EY, before Accenture presents what driver’s want: an automative survey, taking the sales cycle online. More speed comes from a rather unusual participant: Allianz. Insurance as an enabler for new mobility concepts is something the Allianz Digital Accelerator has in mind. More data-driven, indidivual mobility ideas come from Blue Yonder, showing how algorithms will improve personal travel. More…

Filiz Sarah Gärtner

Raising expectations: CODE_n Hall 16 at CeBIT ’15

This morning, doors opened at the world’s largest trade fair for IT & Digital Business: CeBIT 2015 in Hanover. For CODE_n, the week began on Sunday already and it started quite promising: the press conference with the CODE_n partners Trumpf, Accenture, EY and Salesforce was very well-attended; the ROBOCHOP installation got lots of attention even before the doors officially opened. This morning, the last of the CODE_n finalists arrived and adorned their boots. First impression? The next five days are set out to be quite spectacular! Let’s have a look at what is yet to come.

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To start with an overall proposition: Digitization is everywhere, not just in hall 16. During the opening event, China – the partner country of this year’s CeBIT – presented itself as IT-site. Alibaba founder Jack Ma, for example, introduced a system for online payment. The main topics throughout the whole exhibition are Big Data & Cloud, Digital Transformation, IoT, Mobile, Security and Social Business.

GFT as initiator and CODE_n as innovative platform for startups and established corporations have identified where the trend is headed: Going back to hall 16, it can be said that the pivot of the digital avant-garde is here and it’s massively impressive. The 50 finalists, the partners, the hall design itself – it all revolves around one topic: Into the Internet of Things.
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Isabel Alexandre

Meet CODE_n finalist Kreditech

Sebastian Diemer is the CEO of Kreditech

Sebastian Diemer is the CEO of Kreditech

Kreditech uses Big Data and complex machine-learning algorithms to enable faster and better credit decisions. The technology developed by the German startup identifies and scores individuals online and decides over instantly paid out loans. All based on the processing of 10,000 data points in real-time.

In today’s interview, we talk to Sebastian Diemer, founder and CEO of Kreditech. He tells us how the startup uses technology to provide banking products to customers in emerging markets, allowing unbanked people with no credit bureau history to get credit. He also tells us how they are getting prepared to present their Big Data solutions at CODE_n and CeBIT.

Could you briefly explain what Big Data scoring technology is?

Our technology takes into consideration every piece of information that can be obtained about a person. We then analyze the results with statistical methodologies collected from our self-learning technology. Several thousand individual data points are merged into one big mosaic picture within seconds. It is not about single stones being red or green but the shape of red or green areas, illustrating the importance of coherence among several different data pieces.

What sets Kreditech apart from its competitors?

In comparison to other financial service providers and established credit bureaus, Kreditech only does live scoring. That means that we rate a customer’s creditworthiness by only looking at his or her current financial status instead of historical data. We gather information at the moment the application is submitted. Unlike FICO or Schufa, we neither retain the data afterwards, nor do we sell it. Our unique sophisticated credit scoring process uses the powers of machine learning algorithms and Big Data infrastructure to allow us to analyze more than 10,000 data points in less than one minute. That is what is unique about Kreditech.

More…