Proposal for a directive to safeguard workers from electronic communication network-related risks has been approved by the Commission.
In the latest episode of the Payment & Banking Fintech Podcast, hosts Christoph Leser, Catherine Leser, and André Bajorat delve into the modernization of occupational pension schemes (OPS) through digital technology, with a focus on the startup Penzilla.
Penzilla, a digital platform designed to modernize occupational pension schemes for businesses in Germany, offers comprehensive management and optimization services. The platform seamlessly integrates with a company's existing HR systems, automating administrative tasks and improving transparency, while making pension benefits easier to understand and access for employees.
André M. Bajorat, a veteran in the German digital economy with nearly 30 years of experience, is a key figure in this discussion. Bajorat, who joined figo as a business angel in 2012 and led the company from 2014 to September 2019, has since held roles at SK Online, Star Finanz, giropay, Number Four, and figo. He is also a co-initiator and organizer of the "Fintech of the Year" award and the event series Bankathon, Payment Exchange, Banking Exchange, and Transactions.io.
Under Bajorat's leadership, figo transformed from a B2C app to a BaFin-regulated Banking as a Service provider. He is an internationally sought-after speaker, focusing on banking, payment, fintech, API banking, digital assets, and crypto. Bajorat is also a podcaster, investor in various fintech companies, and the author of the book "Heads of the Digital Financial World."
The episode also touches on the role of brokers and cooperation with large distribution partners. Bajorat, who is a member of the Digital Finance Forum of the Federal Ministry of Finance and an active member of Bitkom, emphasizes the growing relevance of OPS in the competition for talent.
The goal of Penzilla is to position OPS as a benefit for employees, improving employee retention, age security, and brand image. Occupational pension schemes remain a confusing concept for many, according to the podcast. Penzilla's software solution helps businesses simplify processes, meet legal requirements, and improve communication with employees regarding OPS.
By automating and optimizing pension administration, improving employee communication and transparency, offering cost-effective and employee-friendly pension options, and ensuring compliance with relevant legal frameworks, Penzilla modernizes occupational pensions, enhancing the overall value of corporate pension schemes for both employers and employees.
Technology plays a crucial role in the modernization of occupational pension schemes (OPS) through digital platforms like Penzilla, which streamline finance and business operations. André M. Bajorat, a fintech expert with extensive experience in the German digital economy, is leading the charge in this transformation, having previously transformed figo into a BaFin-regulated Banking as a Service provider.
