Workers' digital safety is now a priority, as the Commission has put forth a suggestion for a directive that aims to safeguard employees from potential hazards stemming from the utilization of electronic communication networks.
In a recent episode of the Fintech Podcast, André Bajorat, a veteran of the German digital economy, discussed the modernization of occupational pension provision (OPP) with Christoph and Cathi Leser, the founders of Penzilla, a startup aiming to bring OPP into the digital age.
Penzilla is a digital platform designed specifically for the German market, simplifying pension management for employers and employees. Leveraging technology, the startup streamlines and makes OPP processes more accessible and efficient.
The startup's approach is technologically advanced, with a focus on AI-driven solutions to enhance risk analytics and optimize pension management. This combination of digital and AI technologies helps companies manage pension plans more transparently and effectively.
The discussion highlighted the potential benefits of OPP for employee retention, old-age provision, and corporate image. Christoph and Cathi's software solution aims to help companies simplify OPP processes, meet legal requirements, and improve communication with employees.
Another key topic of the discussion was the role of brokers, cooperation with large distribution partners, and differentiation from classic digital insurers. The complexity and unclarity of OPP was also addressed, with a focus on how technology can help companies modernize OPP and position it as an advantage for employees.
André Bajorat, the co-initiator and organizer of the "FinTech of the Year" award and the event series Bankathon, Payment Exchange, Banking Exchange, and Transactions, is well-versed in the areas of banking, payment, FinTech, API banking, digital assets, and crypto. He has held positions at SK Online, Star Finanz, giropay, Number Four, and figo, where he served as CEO from 2014 to September 2019, transforming it into a BaFin-regulated Banking as a Service provider.
Since 2020, André has been part of the Deutsche Bank group and has been a Managing Director at a German asset manager since mid-2022. He is also an investor in various companies such as figo, Finleap, Loanlink, Sparkdata, Weddyplace, nufin, portify, moss, compa, brygge, embeddedcapital, PlanetA, Naro, and has spoken at international events.
Despite its potential for employee retention, old-age provision, and corporate image, OPP remains a complex and unclear topic for many. However, with the modernization efforts of startups like Penzilla and the insights of industry veterans like André Bajorat, the future of OPP in the digital age looks promising.
[1] Source: Penzilla website and press materials.
The technologically advanced approach of startups like Penzilla, focusing on AI-driven solutions and digital platforms, aims to modernize and simplify occupational pension provision (OPP) in the business sector. Leveraging technology, these startups can make OPP processes more accessible, efficient, and transparent, potentially benefiting employee retention, old-age provision, and corporate image.
André Bajorat, a FinTech industry veteran, has a broad experience in banking, finance, and technology, having held key positions at several fintech companies and serving as an investor in various digital businesses. His insights on the modernization of OPP and its potential impact on the future of employment benefits highlight the crucial role that technology can play in streamlining and improving this financial aspect of businesses.
