The FinTech management has an excellent track record in building banking business models and brings high confidence in building up a successful and profitable JV with a strong local partner, where interests in the JV are aligned.

Blowing the horn in Austria . . . We see the metrics of this deal as highly value accretive:

FTG has announced a landmark 50/50 banking joint venture with Austrian Post where FTG is supplying the technology while Post offers its established infrastructure.