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Finanzinnovationen AG

26 aug 2014 Waarschuwing van een buitenlandse toezichthouder
The FMA warns investors against the conclusion of banking transactions with this provider

Pursuant to Article 4 para. 7 first sentence of the Bankwesengesetz (BWG; Banking Act), the Austrian Financial Market Authority (FMA) may disclose to the general public by publication on the Internet, in the official gazette “Amtsblatt zur Wiener Zeitung”, or in any other newspaper with nationwide circulation, that a particular natural or legal person (person) is not entitled to carry out certain banking transactions, provided that said person has given cause for such action and informing the general public is deemed necessary and reasonable with regard to possible disadvantages of the person concerned.

By publication in the official gazette “Amtsblatt zur Wiener Zeitung” of 27 August 2014, the FMA informs, that:

Finanzinnovationen AG
with business location in
Schottenring 6-8
1010 Wien
Internet: www.kiwifsp.com/at, www.kiwifsp.com and www.finnovag.com  
E-Mail: vienna(at)finnovag.com
Telefon: +1 (650) 351-7877

is not entitled to carry out banking transactions in Austria that require a licence. The provider is therefore neither allowed to conclude loan agreements on a commercial basis nor to grant loans in Austria (pursuant to Article 1 para. 1 no. 3 BWG).

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