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    Kreditech On Tour Kreditech On Tour

    Kreditech On Tour

Kreditech On Tour

As announced, our management will be heading to the United States by end of April to present at Finovate Spring in San Jose and visit LendIt in San Francisco. But we wouldn’t be Kreditech if ONLY those two conferences were enough to show off with our pioneer expertise in FinTech. Therefore, we will be speaking at Exec I/O to show our banking sector disrupting vision and at HHL accelerate to demonstrate, how to successfully do business in financing branch. But this is only the Kick-Off of the Kreditech-tour: At NOAH Conference and AxCon attendees will be stunned by what they get to hear, many more events to come! Meet Sebastian &Co. on Tour. Groupies and Votaries can find the dates here: Exec I/O – 29.4.2014 (http://execio.co/fintech/) Finovate Spring – 29. / 30.4.2014 (http://www.finovate.com/spring2014/presenters.html) LendIt – 4. – 6.5.2014 (http://www.lendit.co/event/lendit-spring-2014/) Next 2014 – 5. / 6.5.2014 (http://nextberlin.eu/speakers/?person_year=2014) Axconference – 7. / 8.5.2014 (http://axconference.com/?page_id=1063) HHL Accelerate – 9. / 10.5.2014 (http://accelerateconference.hhl-students.de/) NOAH Conference – 13. / 14.11.2014 (http://www.noah-conference.com/2014/london14/) You are welcome to stalk our Management at all Conferences, we promise you will be amazed by each and every performance on stage: Whether it’s about Scaling a Start-up, about tailor-make individualized and flexible products, the future of the financing branch or about how Kreditech is successfully going global: we are covering it all! Never get bored, better get on board!
April 15th, 2014
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    Safety first: Kreditech Services not effected by Heartbleed Safety first: Kreditech Services not effected by Heartbleed

    Safety first: Kreditech Services not effected by Heartbleed

Safety first: Kreditech Services not effected by Heartbleed

The safety of our customers always comes first. That is why a major part of our resources have been devoted to guarantee the security of our customers and their data. Since Kreditech does not store any data, but anonymizes and deletes them after the scoring, hackers didn’t and don’t have a chance to access or steal any data. To confirm the validity of our security measures, our System Administration-Team ran several patches during the release of the bug. We closely observed all activities and ruled out possible backdoor-attacks caused by Heartbleed. Kreditech customers therefore can be carefree about their past usage of Kreditech services and can flawlessly continue lending at Kredito24 and Zaimo. What is Heartbleed and what can I do about it? Heartbleed is a security leak that was detected to be active on various websites, enabling hackers to get information which was transferred through SSL connections. This video explains very well, what Heartbleed is in detail: “What is Heartbleed? The Video” (Techcrunch.com, 09.04.2014) http://techcrunch.com/2014/04/08/what-is-heartbleed-the-video/. If you want to make sure that all your accounts are safe, there are some steps you should take: 1. Check all sites, where you have an account and which are using SSL with https://sslcheck.globalsign.com/en (Use alternatively http://filippo.io/Heartbleed/, but this site is at the moment under heavy traffic) 2. Change your account passwords! 3. Check credit card activities and let the provider know if something seems wrong to you 4. If available, use 2-step login processes 5. Use different passwords on every account you use More information on Heartbleed: http://www.heartbleed.com http://techcrunch.com/2014/04/07/massive-security-bug-in-openssl-could-effect-a-huge-chunk-of-the-internet/ http://techcrunch.com/2014/04/08/openssl-heartbleed-bug-leaves-much-of-the-internet-at-risk/ – http://mashable.com/2014/04/09/heartbleed-questions-answered/
April 10th, 2014
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    Kreditech reveals top criteria in loan decisions Kreditech reveals top criteria in loan decisions

    Kreditech reveals top criteria in loan decisions

Kreditech reveals top criteria in loan decisions

Innovative visual evaluation to revolutionize credit scoring Hamburg, 01.April 2014 – While improving its strategy to become the „Amazon of Consumer Lending“, Kreditech aims to make the customer experience as convenient as possible. The data scientists therefore researched a more exact, in-depth solution to find out about a person’s inner will to pay back a loan. “Upon their examination of the input factors with the highest information density, our data scientists discovered the outcome of Prof. Corner’s research. It turned out that all his publications agree that a person’s personality is formed during childhood,” explains Sebastian Diemer, Kreditech’s CEO. Consequently, Kreditech is amending the decision criteria for giving loans to include childhood related input factors, effective immediately. For that purpose, applicants must send in three scanned art projects from elementary school in addition to using KontoConnect. By analyzing the photos, Kreditech’s algorithm determines the credit score. It compares the results with the information found on the current Facebook profile to show the consistency of an applicant’s personality. The approach is statistically sound: a customer survey showed that while only 82% of Kreditech customers possess a Facebook account, almost all of them had a childhood. That, according to Diemer, is indeed impressive. “We have never before had that concordant survey outcome. The way to go could therefore not be clearer.” With this discovery, Kreditech redefined its goals. Instead of launching in four more markets this year, management raised the target to four hundred. To support this rapid growth, the HR team is now hiring all applicants for all jobs regardless of their qualifications. The reason is easy, since Diemer explains “There is a high chance that people elsewhere in the world […]
April 1st, 2014
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    Kreditech management going West Kreditech management going West

    Kreditech management going West

Kreditech management going West

Kreditech has gotten a great response at European conferences so far. But this continent is not big enough to hold us! Our management team is saddling up to give the American Big Data branch a run for their money. Sebastian, Kreditech’s Sherrif, will present our new vision to become the “Amazon of consumer Lending” at the big tech and financing conference FinovateSpring in San Jose, California. With customized financial products and risk based pricing, Kreditech’s strategy shows new innovative lending options in order to reach faster, better and more sustainable credit decisions. Important players from the international financing and banking technology branch will be present at the conference. Finovate is a two-day showcase of the latest and greatest financial and banking technology innovations from leading established companies and hot young startups. And the hottest of them is waiting in the wings to innovate at Finovate…
March 25th, 2014
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    Kreditech rocking Code_N Grounds at CeBIT Kreditech rocking Code_N Grounds at CeBIT

    Kreditech rocking Code_N Grounds at CeBIT

Kreditech rocking Code_N Grounds at CeBIT

What a Company, What a Week! Monday morning, the first Kreditech task force marched out to CeBIT, the biggest computer exhibition worldwide to impress visitors with our innovation and incredible services. The result is more than satisfying: we established over 300 contacts with journalists, experts and decision makers. Not only did we get published in different media worldwide, we also socialized with possible new team members for our vacancies. Our booth was well frequented every day, and we were happy to welcome several famous politicians. The prime minister of lower Saxony Stephan Weil, the German Secretary of State Ulrich Kelber as well as members of the federal Government showed interest in Kreditech’s vision. On Wednesday, our CEO Sebastian Diemer discussed how to grow a successful start-up with crowd funders and investors and left no questions unanswered: “Be clear, be direct, get to the point”. Our team changed every day and brought fresh motivation with them, so we spread the word in Hall 16, where the 50 finalists of Code_n were present. Is was a successful week and we cannot wait for the next CeBIT to come!
March 15th, 2014
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    Building the “Amazon for Consumer Finance” Building the “Amazon for Consumer Finance”

    Building the “Amazon for Consumer Finance”

Building the “Amazon for Consumer Finance”

By Sebastian Diemer, Founder / CEO Kreditech The Kreditech Vision: “The Amazon of Consumer Finance” The Mission: “Take banking to the 21st century” This is what Kreditech is, in a nutshell: A BIG DATA based, fully automated digital bank that serves customers worldwide at an unmatched level of convenience, speed and service delivery. When Alexander and I started Kreditech 24 months ago, we had a vision in mind that has evolved significantly while scaling operations to a 15 million USD revenue (run rate) across 6 geographical markets and 100 employees: Disrupt the scoring industry by shifting from a credit bureau paradigm (stored manually collected data for 16% of the world population) to BIG DATA scoring using online data, hence enabling faster, cheaper and better credit decisions for 100% of the world’s population. As we have scored over a million customers by now, we have come to a simple, yet far reaching understanding of how our scoring technology is able to give value to our customers. As a consequence, we have decided to depart from our “Scoring as a Service” vision and focus our efforts on building our own global digital consumer finance platform – a “digital bank” with no branches and no human operations. A bank that serves 100% of the world population at a whole new level of convenience (instant decisions/payouts, no scans/docs, 24/7 availability from any point on the […]
February 27th, 2014
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    Celebrate Kreditech Celebrate Kreditech

    Celebrate Kreditech

Celebrate Kreditech

While we humans are only  able to walk on shaky legs at the age of two and most of our pets would still be learning not to chew on the chairs, Kreditech on its second birthday has a whole success story to tell. Standing strong, and always growing more stable, Kreditech went all the way from a two-man-show to a strong growing company with more than 100 employees. That’s what I call progress! This super-human achievement and anniversary begged to be celebrated accordingly, so that the Kreditech-Crew deservedly clinked glasses at Indochine Bar following our motto: Work Hard, Party Harder! It goes without saying that many freaking great things have been happening during these two years. Here’s our success story at a glance: … to be continued :)
February 24th, 2014
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    10 Simple Ways To Improve Your LinkedIn Profile 10 Simple Ways To Improve Your LinkedIn Profile

    10 Simple Ways To Improve Your LinkedIn Profile

10 Simple Ways To Improve Your LinkedIn Profile

LinkedIn is a network that you should visit daily for professional development — whatever your employment status may be. Is your LinkedIn profile ready to be seen by others? Here are ten suggestions to give you instant LinkedIn cred. 1. Upload a decent photo Your LinkedIn profile photo sets the tone for everything else a viewer will experience on your page — just like match.com or Instagram. Except LinkedIn isn’t match.com or Instagram. It’s the world’s largest professional network. So that means: No blurry photos No photos of you cropped out of a group shot No photos of you at a ball park (unless you’re gunning to work for one) No avatars And for goodness sake, no selfies! (That’s mobile camera speak for self-portraits.) If you don’t have money for a professional photographer, get a family member, roommate, or neighbor to take your photo against a solid colored wall. Try a few standing, then some sitting down. Get a few with a formal shirt, a few with a “business casual” top. Or consider the low-cost approach I took: bartering with a photographer for your services or product. This was by far the best deal I made in my first year of business! 2. Your headline = you, not your job The headline of your LinkedIn profile is highly searchable. I know that no one on LinkedIn (or Google for that matter) is looking for “founder of Sierra Tierra Marketing.” So I list something more search-friendly that speaks of what I do on a daily basis — and for which people may want to hire me. “Social media consultant specializing in analysis, strategy, and instruction. Author | Speaker | Educator” paints a much better picture of who I am and how I […]
February 11th, 2014
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    Meet us at CeBIT 2014 Meet us at CeBIT 2014

    Meet us at CeBIT 2014

Meet us at CeBIT 2014

We are exhibiting in round about 5 weeks at the CeBIT in the context of this years Code_n Award! We will show some insights into our business model, current markets and products and give you an impression how it is to work for Kreditech. You will find us in Hall 16 booth D30. So, come around a talk to us! The Code_n Award is the annual Young Companies-Competition and mainly a space to show the most innovative and creative business models in Big Data and technology, where 50 finalists have the chance to exhibit. This years slogan is Driving the Data Revolution according to the general “Datability”-topic of this years CeBIT. You can find more about Code_n at http://www.code-n.org/about/.
January 30th, 2014
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    Kreditech 2 Weeks in a Row in Wirtschaftswoche Kreditech 2 Weeks in a Row in Wirtschaftswoche

    Kreditech 2 Weeks in a Row in Wirtschaftswoche

Kreditech 2 Weeks in a Row in Wirtschaftswoche

Germanys leading Business Magazine Wirtschaftswoche covered the second week in a row Kreditech as one of the most discussed startup companies. This week, our CEO Sebastian Diemer took place in a roundtable with Stephan Schambach (Founder of Demandware, managed 2 IPO’s), Peter Conzatti (Expert at Investment Fonds Lupus Alpha) and Martin Reck (Managing Director Deutsche Börse AG). The roundtable took place in Frankfurt (Main), focusing on the discussion about “Neuer Markt” as a new stock segment for young, strong growing companies, which are about to execute an IPO as a new form of capitalization. You find the complete discussion in the current issue of Wirtschaftswoche.
December 16th, 2013