Bafin gives Allunity approval as an E-money institute: a milestone for the Fintech-Joint Venture from DWS and Flow Traders

Bafin gives Allunity approval as an E-money institute: a milestone for the Fintech-Joint Venture from DWS and Flow Traders

Bafin granted approval for fintech company Allunity as an e-money institute

The Federal Financial Service Supervisory Authority (BAFIN) has granted the FinTech company Allunity as an e-money institute. This company is a joint venture between prominent partners DWS and Flow Traders.

E-money institutes are companies that issue and manage digital means of payment. The granting of approval by Bafin is an important step for allunity, since it is able to offer its services in the area of ​​electronic money and to meet the corresponding regulatory requirements.

With this license, Allunity strengthens its position in the Fintech market and contributes to developing innovative solutions in payment transactions. Admission not only represents a milestone for the company, but also shows the trust of the supervisory authority in the business practices and security standards of Allunity.

In a rapidly developing financial sector, regulation by BaFin is crucial to ensure consumer protection and market transparency. The licensing as an e-money institute opens up new opportunities to expand your products and services and offer potential customers a safe and efficient means of payment.

This development underlines the growth and innovative strength of the FinTech sector in Germany, which is becoming increasingly important and challenges traditional financial service providers.