FIMAS and Q-fin join forces – first step for joint venture “Confinity” 0

Magdeburg’s service- and software development company Q-fin and Eschborn’s business consultancy FIMAS founded the company Confinity GmbH as a joint venture in the beginning of August. Under the new brand Confinity – Consulting & Financial IT – all activities should be increasingly bundled. Finally both companies should be merged.
The joint venture expands the existing business models to new initiatives. Doing so, both companies unite their professional and technical expertise in the financial market. Already today, the bundled and complemen-tary expertise is available for customers.
The FIMAS GmbH was founded in 2006 and has been operating successfully as a business consultancy in the German and international financial markets for 10 years. FIMAS specialises in the needs of market participants in the electronic trading, clearing and settlement of securities and derivatives. Clients include institutional investors, banks, stock exchanges as well as other financial institutions along the transaction chain of the secu-rities business.
The Q-fin GmbH was founded in Magdeburg in 2003 and is a service- and software development company operating all over Europe. Q-fin supports banks with requirements in the money and capital markets and de-velops software solutions for institutional investors with the focus on portfolio and risk management. In the field of IT consulting, the company supports banks in all technical and many professional issues in the environ-ment of Front Arena. The focuses in the company’s software development department are the portfolio man-agement system Q-bonds as well as the risk management system Q-risk. Both softwares support users working at municipal pension funds.

Customers of both companies include among others seven of the ten largest German financial institutions…
Both companies complement each other optimally thanks to both their experience and their product and service range. The professional focus of FIMAS together with the technical focus of Q-fin creates a compre-hensive portfolio of services and products.
The jointly founded company Confinity GmbH has its headquarters in Magdeburg and Eschborn. Its manage-ment consists of the managers of FIMAS (Karsten Sommer) and Q-fin (Sandra Fischer and Christian König).
“The market for financial institutions has changed more in the last 10 years than in the 100 years before that. We firmly assume that the pace of change will rather increase than decrease, not least due to the background of regulatory issues, the ‘Brexit’, as well as technological challenges in the FinTech sector. Therefore, a merg-ing of FIMAS and Q-fin creates high added value for our companies, but also for customers and employees. Together we are able to advice and accompany our clients faster and better within their difficult environment “, said Karsten Sommer, manager of FIMAS and Confinity.
“In the innovative setting of FinTech, which includes all technologies concerning financial services, we see a change in the financial system, but also of all channels in trade and communications. To use the digitisation of the financial world and the resulting dynamics, together with the right partners are important to us for further growth. “Our goal is to connect our teams in Magdeburg and Frankfurt with each other and for Confinity GmbH to develop offers and solutions which are precise, customised to our clients’ needs and easy to oper-ate”, says Sandra Fischer, manager of Q-fin and Confinity.
“Flexibility, granularity, performance and transparency have been some of the main requirements for IT-solutions since the beginning of national and European regulatory waves which have been employed in the financial market.
In my opinion, the close alliance of both companies demonstrates an extended offer of long-standing, IT-technical and banking expertise from a single source for our customers. Apart from that, it will also result in a more diversified qualification of our employees. In this strong, new constellation, I would like to continue our work in partnership with our clients, to continuously solve new problems and implement requirements to-gether with our diversified team of consultants”, says Christian König, manager of Q-fin and Confinity.

Sandra Fischer
Sandra Fischer – Q-fin GmbH
Christian König
Christian König – Q-fin GmbH
Karsten Sommer
Karsten Sommer – FIMAS GmbH