Multiwerk is expanding: Digital solutions for Austria's banks and trade

Multiwerk is expanding: Digital solutions for Austria's banks and trade

Bielefeld, Deutschland - The multi -works group, based in Bielefeld, announced on July 22, 2025 the foundation of its subsidiary Mehrwerk ÖSTERWERK GmbH. With this expansion, the company pursues the goal of supporting Austrian banks, insurance companies, energy suppliers and trading companies with modern, data -driven added value solutions. The management of the new subsidiary takes over Sascha Horvath, a 33-year-old managing partner who will drive the strategic orientation. As reports [ots.at] (https://www.ots.at/presseaus-sung/ots_20250722_ots0084/Mehrwerk-expandier- after-oesterreich-digitale- enemal-fuer-banking insurance company), the Mehrwerk Group has already established itself internationally after it has successfully established markets in Germany, Switzerland, Scandinavia who entered Türkiye, the USA and Mexico.

The offer of Mehrwerk Österreich GmbH comprises two central solutions. On the one hand, they offer cashback programs that enable financial advantages for everyday spending. On the other hand, lifestyle protection services are used, which offer support when the objects are lost, abortions or cyber incidents. These added value performance are developed modularly, flexibly integrated and calculated based on success, which enables adaptation to the specific requirements of customers.

innovative technologies for the financial sector

The Technology platform of Mehrwerk is based on an API-First approach and connects over 300 corporate customers worldwide. In addition, the company has over 15 million active end customer contacts and cooperates with over 10,000 shop partners. The integration of the services offered can be done both as an integral part of products and as a paid additional product in order to enable customers to bind a higher bond.

In a further step, Mehrwerk GmbH took over the Hamburger Fintech Etvas. This takeover is strategically important according to boerse-express.com, since ETVAS specializes in transaction data-based cashback offers and B2B2C is. Through this integration, multi -works expects an expansion of your product range to offer innovative solutions for bank customers in Germany and Europe. Niels Kokkeel, partner and managing director of Multwerk, emphasizes the advantages of ETVAS technology, while founder Sören Timm sees the takeover as an essential step towards the introduction of technology in Europe.

These developments show how important additional services are for financial institutions and pension companies in order to stand out in the competition. With more than 180 corporate customers, including important banks and insurance companies, Mehrwerk proves its importance in the rapidly developing fintech sector.

Current trends in the FinTech industry

The FinTech industry has developed and changed rapidly in recent years. The focus is on areas such as payments, loans, insurance and investments, whereby technological advances fundamentally transform the interaction of people with money. A crucial trend is the use of artificial intelligence (AI) and machine learning to develop personalized financial products based on extensive data analysis. In addition to improving lending through precise risk assessments, blockchain technologies and decentralized finances (Defi) also play an increasingly important role by enabling secure and transparent transactions.

The integration of open banking services and API ecosystems also opens up new opportunities for third-party providers to offer innovative financial services. However, companies also face challenges such as data security issues and different regulatory framework. These aspects are relevant for growth and establishment of fintech solutions in different regions, including North America, where companies such as PayPal and Stripe are leaders, as well as in Europe, where there are strong data protection laws.