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The Frankfurt-based startup company Giromatch and the German Degussa Bank AG agreed to work closely together launching a new innovative product. Giromatch extends its position as an API-based IT service provider. Degussa Bank relies on the agility and efficiency of fintech companies whilst Giromatch benefits from the know-how and the network of Degussa Bank.

Robin Buschmann und Silke Christina Kummer

Robin Buschmann und Silke Christina Kummer

Giromatch’ task is to provide digital services as a white label solution via its API platform. The working cooperation will start with a pilot project. Corporate customers will be able to use a virtual VISA-credit card for shopping with Amazon Business in a simple and flexible manner. Customers also benefit from a liquidity advantage due to longer payment terms. Giromatch and Degussa Bank will continually observe the customers’ feedback to further develop the digital application route and to transfer experiences to other product groups.

For the joint pilot project, Giromatch will access all digital information of the applicants via an application programming interface (API) and summarize it for Degussa Bank in the shortest possible time. A vital element for example is the digital account view, which enables a detailed and immediate overview of the financial data of a company, therefore creating the basis for loan decisions. The legal background delivers the European payment service directive PSD2, which has been effective since 13th January this year.

Giromatch is specialized in digital credit solutions and automated customer onboarding. We have been able to create an optimally coordinated process on a green field, an advantage which banks can hardly imitate”, explains Giromatch founder and Managing Director Robin Buschmann. “That is why such a project cooperation can be regarded as a natural symbiosis of banks and fintech companies. We are proud having Degussa Bank as a strong partner, who follows the same goals we do”, Buschmann continues.

“Of course, the loan decision always remains with the bank “, explains the Giromatch founder. “Giromatch acts as a digital real-time data processor, thus reducing effort and costs for the bank. Hence, we do not interfere in the core processes of the bank and provide real value at the customers’ interface”, Buschmann adds. “In our pilot project Giromatch takes on tasks which require fast and continuous amendments. Furthermore, a small and agile company like Giromatch works in a very efficient manner. This is for the benefit of all of our customers”, says Silke-Christina Kummer, Head of Card Business Advisory & Services at Degussa Bank AG.

Giromatch is a digital banking platform, which develops white label solutions for banks and other financial institutes. The API concept of Giromatch enables access for new customers directly at the credit demand interface, which can be online or in stationary trading. The platform was founded in 2014 by Robin Buschmann, Viktor Kraus and Daniel Conradt. CEO Robin Buschmann was previously portfolio manager in the asset management department of Deutsche Bank and worked for the Fixed Income Department at JPMorgan Chase. Victor Kraus was risk expert at Postbank and Hessische Landesbank. He is responsible for the risk strategy of the platform. Daniel Conradt is CTO for Giromatch and has 15 years experience in development and IT security. More information at

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