Wie die Salzburg AG mit einer neuen Crowdinvesting-Plattform die Energiewende vorantreibt

16.05.2018

„We want to be a scaling platform for startups“

Interview. Hannes Cizek, Head of Group Digital Banking at Raiffeisen Bank International (RBI), explains what he wants to achieve on the new Austrian Fintech Advisory Council, how RBI handles PSD2 regulation, and what he expects from the second round of the Elevator Lab.

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You are one of the representatives in the new Austrian Fintech Advisory Council, initiated by the Ministry of Finance. What does a major bank like the RBI want to achieve there?

The aim of the Fintech Advisory Council is to network lawmakers with industry players. It is about increasing exchange and tackling concrete issues. The German Fintech Advisory Council, which has been around for two years and works very well, serves as a model. Key drivers were certainly RBI’s position in the Austrian and Central and Eastern European (CEE) markets as well as our strong activity in the field of corporate startup engagement, which was decisive.

The council includes representatives of traditional banks and insurance companies. There are fintech and venture capital representatives, as well as regulators and legislators – it’s a very diverse group. We hope that the Advisory Council will give us the chance to highlight and discuss topics that are relevant to us and that the overall speed will increase somewhat. We will discuss frameworks, important for fintechs and banks to test new services and products for themselves or in cooperation with others. Another aim is to make the council a comprehensive platform so that you no longer need many bilateral appointments with the other players in the field. The law can then be used to determine what is politically relevant and what should be prioritized.

You mentioned cooperation with startups. Do you have concrete suggestions for the council in this context, especially considering the Elevator Lab?

Regardless of the council in which the priorities are set and worked on, the issue of regulatory sandboxes is generally relevant to us as RBI. Banks and fintechs should be allowed to test services and products in an environment that has a low entry barrier, without having to comply with the full legal and regulatory requirements.

What would you test in the sandboxes?

It could be something quite mundane such as a new service for existing customers. However, I would like to test it with a small user group first and for a limited period of time, as is the practice in technology companies. Then there’s the question: do I have to meet all requirements for this small user group from the start or do I create a regulatory sandbox? In Singapore or Great Britain, the model has been around for several years. The second major topic for us as a cross-border bank is the technical standardization of interfaces and data formats and, by extension, the PSD2 regulation.

How will the PSD2 regulation affect RBI? What effect do you expect it to have with regards to your competitors?

It’s difficult to make precise predictions as no one knows what the real impact on the market will be. The PSD2, which was formally put into force at the beginning of the year and has to be transposed into national law by mid-2019, will eventually lead to market liberalization and a wider opening of the financial services sector to third parties. That means we must develop interfaces for the payment’s area and open them up for third parties. This opens up potential for both sides. Because we can also extend our service by offering third party products to our customers. The key term is “Open Banking”.

„We need to get even closer to what customers are used to from other industries.“

On the other side, there is the challenge that some of these third-party providers will probably try to become the customer interface. That would reduce banks to the role of a product service provider. We believe that banks still have a strong value proposition for the client, especially in terms of security and trust. For us, this means we must continue to improve, especially in the areas of design and user experience. We need to get even closer to what customers are used to from other industries to avoid the risk of losing our role as customer interface in the digital sphere.

So, it’s mainly a technical challenge and there is more competition expected on a horizontal level?

That’s completely right. The goal of new platforms is always to serve two sides. Over the past ten years, we’ve seen some excellent examples, that we did not necessarily anticipate. We used taxis and booked hotels before and yet the situation in these verticals has changed dramatically in a relatively short period of time. We have to take that seriously. We have to analyze that for ourselves and ask: „what does that mean for our industry?“.

That’s one side, the other side is the implementation. There are still many challenges. Many details are not clear yet and that brings us back to the Fintech Advisory Council. We also want to bring up topics that nobody finds “sexy”. For example, there’s the question of who bears the operational risk when opening interfaces with customer data for third parties – even if the customer has agreed. What requirements must this so-called Third-Party Provider (TTP) fulfill and who monitors their compliance? Who will fulfill the many other bank regulatory requirements in the future? And how standardized can these technical interfaces be?

Unfortunately, at the moment, PSD2 leads to diverse standards internationally. This is completely contrary to the original policy objective of creating a digital single market for financial services in the EU. The upcoming months will be a very exciting phase for all of us.

+++ RBI Elevator Lab: New startup search fields for the second batch +++

Regarding the national standards – as a multinational bank, are you at least trying to develop a consistent system internally?

We strive to develop a group-wide API standard, but of course we have to take national circumstances into account. Our original expectation was that the PSD2 would provide stronger specifications. At least concerning technical implementation, data formats, technical interface and the question of how the API has to be built. However, since the PSD2 is a directive and not a regulation in terms of EU law, detailed implementation is the responsibility of national legislation. This year, it was implemented in the Payment Service Provider Act in Austria. In the Czech Republic, Slovakia, Hungary, Romania and Bulgaria, there are separate laws.

Besides Austria, seven of our fourteen CEE markets are EU member states. In the discussions in the Fintech Advisory Council, but also with the stakeholders in our “host countries”, we are of course already pointing out that different national standards for cross-border banks create additional complexity. But the PSD2 not only affects banks, but also fintechs that need to scale their business and for which technical standardization of interfaces is also relevant. The topic is therefore far more complex than, for example, the „Passporting Rule“, which makes it possible to operate with the banking license of one EU member state in another member country.

Speaking of CEE – the application phase for the second round of the Elevator Lab has recently started. You are conducting regional challenges in eight countries with subsidiary banks. What makes you particularly interested in fintechs from the CEE area?

First of all, we see the CEE region as our home market besides Austria. We have been in the region for almost thirty years and have a unique network and access to local ecosystems. The Raiffeisen brand is extremely well known throughout the CEE region. We want to use all of this. Secondly, there are many talents in the CEE region, where there’s traditionally a technological, mathematical and analytical emphasis in education. More and more young people want to stay in their home countries and see us as an attractive employer with enormous potential for their development.

„We made it clear from the beginning that the Elevator Lab is not a ‚PR gag‘ for us.“

How did Corporate Startup Collaboration work in the first run of the Elevator Lab? What’s the current situation with the startups from round one?

For me, the first round of the Elevator Lab was an incredible success. We managed to finish five pilot projects in four months at the same time. This shows that we made a good selection. On the other hand, it shows that the cooperation partners and the organization were in a position to do so. That was the most important thing for me. We made it clear from the beginning that the Elevator Lab is not a „PR gag“ for us, just to be able to say: „RBI also cooperates with startups.“

We want to generate value for both sides, improve our product and service offer and at the same time be a scaling platform. Of course, that requires a tremendous effort. For a startup, it is normal to evolve on such a scale within four months. For an international corporation, four months are a time span in which you may not plan so much. In that sense, the first round of the Elevator Lab was a huge success for us.

Video Interview with Elevator Lab program lead Max Schausberger:

How much support for Elevator Lab did you have within the organization and how did you prepare for the program?

We have a core team, led by Max Schausberger, which manages the Elevator Lab. It was important to us that this part should not be outsourced. If you want to have maximum impact on the organization, you simply must have such a team yourself. It is important to know the relevant people and areas of expertise and business within the group, as well as to understand how the organization actually works.

In addition, we had about 50 internal but also selected external mentors for the first round. The internal mentors are employees who are not part of the core team themselves, but work in the various departments that cooperated with the startups on the projects. There was always a so-called lead mentor who was technically the „single point of contact“ for the startup. It was pretty cool to see how it appealed to and inspired colleagues from a wide range of disciplines. The colleagues were enthusiastic about the program and worked on it in addition to their normal job. Some were also partly exempted, which was important to really push the development of the prototypes.

So, the projects were also widely accepted within the departments?

Certainly. Nobody did it just as a hobby. The departments were already strongly involved in the selection of the startups. Therefore, we knew that, in the case of our five participating startups, there was a very clear business or customer need that we could address together. Therefore, the departments were very committed. The Elevator Lab was not imposed on them, but they were looking for solutions in these areas. I think that was and is decisive for the whole project.

You also have a second program, the „Innovation Garden“. It is an intrapreneurship program where you are searching for ideas, suggestions and concepts from within the organization. What can you tell us about it?

After focusing on Startup Engagement and the launch of Elevator Lab last year, we also wanted to use the innovation potential of our more than 50,000 employees. We believe that this can be done best by transferring the methods we used in the Elevator Lab and in our startup cooperation to the internal organization. Innovation Garden is a platform where ideas are submitted and then evaluated according to similar criteria as in the Elevator Lab. Again, the key questions are: Is there a clear customer and business need? And can the ideas solve these challenges?

Cross-border and cross-functional teams are rated very highly within the program. We want to build scalable solutions for the group as a whole and not for a single market. Then prototypes are developed in short phases of twelve weeks. According to our plan, we’ll have two rounds with a total of eight prototypes by the end of the year. We tested the format last year with three pilot projects and were delighted with the innovative spirit of our teams. It’s certainly a cool program that I expect a lot from this year.

The first round is currently in progress. How many applicants are there?

Currently, about 300 ideas have been submitted and roughly 2,100 colleagues have registered on the platform. The team around Silvia Handler has done a lot of internal communication to promote the Innovation Garden and to implement it. I’m convinced that we can achieve a lot. We have so many good people in the organization. They just need the chance to work on such a project in a clear setup with methodical support and enough resources and budget. Of course, we took care of that. It’s the same logic as in the Elevator Lab – we first validate the idea engaging with end customers from the beginning before even building a prototype. Only ideas that make it into the final selection after the three-month prototype phase will lead to a Minimum Viable Products (MVP).

You spoke of group-wide solutions before. If a particular subsidiary has a single pain point that is perceived as a big problem only in this location, is that still relevant?

If that is a pain point that exists only in that particular organization and not in all others, that would mean that other subsidiaries already have a solution that works. That too is a side goal of Innovation Garden. We want to provide a little more transparency, know-how transfer and exchange within the group.

„You will make a giant leap with us over the four months.“

Finally, back to the Elevator lab again. Do you have a personal message for the potential applicants?

RBI is an honest and open partner in the CEE region that is looking for cooperation. On elevator-lab.com, you can see which startups participated last year. Just ask them about the program. I think they will give the same feedback. It is not a “uneven relationship”, but a partnership on an equal footing. And from a methodical point of view as well as from the input we can deliver, Elevator Lab is, I believe, a really exciting accelerator program. So, what I want to tell potential applicants is: The program is well structured, it will not exceed your time budget, but it will provide a lot of input for your business idea and you will make a giant leap with us over the four months.

⇒ official Elevator Lab website

Deine ungelesenen Artikel:

Martin Pacher

28.10.2026

Scalable-Co-CEO über Österreich-Expansion: „Mit Bitpanda sehen wir wenig Überschneidung“

Seit Anfang Oktober betreibt Scalable Capital eine Bankniederlassung in Wien und bietet damit steuereinfaches Investieren in Österreich an. Im Interview spricht Co-CEO Erik Podzuweit über die Ziele im heimischen Markt, das Zukunftsdepot und darüber, warum bereits 20.000 KI-Agenten täglich auf Scalable-Konten aktiv sind.

/artikel/scalable-capital-podzuweit-interview

Martin Pacher

28.10.2026

Scalable-Co-CEO über Österreich-Expansion: „Mit Bitpanda sehen wir wenig Überschneidung“

/artikel/scalable-capital-podzuweit-interview

Die Münchner Banking- und Investmentplattform Scalable Capital verwaltet mittlerweile über 60 Milliarden Euro an Kundenvermögen. Seit Anfang Oktober hat das Unternehmen eine offizielle Bankniederlassung in Wien, damit können österreichische Kund:innen erstmals steuereinfach investieren. Das bedeutet: Scalable führt die Kapitalertragsteuer (KESt) auf Gewinne, Dividenden und Zinsen automatisch an das Finanzamt ab, Anleger:innen müssen ihre Kapitalerträge also nicht mehr selbst in der Steuererklärung angeben. Co-Founder und Co-CEO Erik Podzuweit war zum Start in Wien. brutkasten traf ihn zum Gespräch über die Expansionspläne, den Mitbewerb und seine Vision vom „Finanzcoach in der Tasche“.

brutkasten: Scalable Capital war in Österreich schon länger aktiv, seit Anfang Oktober gibt es eine Bankniederlassung in Wien. Warum gerade jetzt?

Erik Podzuweit: Wir sind als App auf den Systemen einer anderen Bank gestartet und haben in den letzten Jahren unsere gesamte technische Infrastruktur selbst entwickelt und vertikalisiert: mit eigenem Kernbankensystem, eigenem Market Making über einen Handelsplatz, den wir gemeinsam mit der Börse Hannover betreiben, sowie eigener Konto- und Depotführung. Diese Plattform können wir jetzt nutzen, um viel schneller und flexibler in andere Länder wie Österreich zu gehen.

Man konnte schon vor Jahren als Österreicher Kunde werden, aber nicht steuereinfach. Dafür mussten wir zwei Dinge tun: eine offizielle Bankniederlassung gründen, wie wir es auch vor kurzem in Italien getan haben, und die Steuersoftware entweder einkaufen oder selbst bauen. Für Österreich haben wir sie selbst gebaut. Dank moderner KI-Anwendungen geht das heute extrem effizient im eigenen Haus. Das waren die letzten Schritte zu einem massentauglichen Produkt in Österreich. Jetzt bauen wir das lokale Team weiter aus und fahren das Marketing hoch. Ab Mitte Oktober werden wir in ganz Österreich mit Werbung deutlich präsenter sein. Und es kommen weitere Produkte: im November Festgeld und später ein Kreditangebot.

Wie wollt ihr in die breite Masse gehen? Anbieter wie Bitpanda setzen stark auf Sportsponsoring.

Wir setzen sehr stark auf Außenwerbung, parallel spielen wir die ganze Klaviatur des Online-Marketings. Sportsponsoring machen wir nur in kleinem Umfang, da gibt es viele Streuverluste. Und wir sind in einem zyklischen Markt: Bei volatilen Börsen muss man das Marketing zurückfahren können. Bei Krypto hat man das gesehen, da ist das Handelsvolumen eingebrochen, und es war schwer, aus mehrjährigen Verträgen wieder rauszukommen.

Welche Zielgruppe sprecht ihr in Österreich an?

Vor ein paar Jahren waren wir viel nischiger. Unsere klassische Kundschaft waren die sogenannten Smart Busy Professionals: Menschen, die noch nicht zwangsläufig reich sind, aber gut ausgebildet, mit gutem Einkommen, oft städtisch, die in der Wirtschaft oder als Programmierer arbeiten. Bei einer klassischen Bank fallen diese Kundinnen und Kunden oft durchs Raster: Sie passen noch nicht ins Private Banking, sind aber auch keine Retailkunden, denen man irgendeinen Fonds verkauft. Mit der Zeit werden sie immer attraktiver. Heute gehen wir eine viel breitere Masse an. Neben dem Investieren haben wir mit Tagesgeld und Festgeld auch den Bereich Sparen. 2,6 Prozent Zinsen versteht jeder. Damit gewinnt man auch Kunden, die wenig Risiko wollen oder in Rente sind, und zwar von klassischen Banken. Die Smart Busy Professionals kommen eher von anderen Online-Banken zu uns.

Wer ist euer direkter Mitbewerber?

Mit Bitpanda sehen wir wenig Überschneidung. Wir haben ein Kryptoangebot, Bitpanda hat ein Aktienangebot, aber das sind zwei getrennte Welten. Dann schon eher alle Banken. Wenn man aber auf Preis, Zins, Gebühren und das Nutzererlebnis schaut, sind die klassischen Banken keine direkte Konkurrenz für uns. Der direkteste Mitbewerber ist Trade Republic. Aber es gibt Unterschiede im Preismodell und bei den Zinsen. Unser Zins ist etwas besser. Wir liegen bei 2,6 Prozent versus 2,5 Prozent.

Warum braucht es ein lokales Team in Wien, wenn Geldanlage ein globales Geschäft ist?

Wenn ein österreichischer Kunde eine Tesla-Aktie kauft, ist das dieselbe Aktie wie für einen italienischen Kunden. Aber im Kundengeschäft braucht man lokale Präsenz. Auch BlackRock hat ein Büro in Wien und eins in Mailand, man kann Europa nicht allein aus New York steuern, und wir nicht allein aus München. Die regionalen Unterschiede liegen vor allem auf der Steuerseite. Jetzt fangen auch einzelne Staaten der EU an, gezielte steuerliche Anreize und Zuschüsse zum Investieren zu geben. In Deutschland kommt das Altersvorsorgedepot, in Österreich wird das Zukunftsdepot diskutiert. Da muss man die Entscheidungen nah verfolgen und ein lokales Produkt bauen. Sobald das Zukunftsdepot kommt, werden wir es maßgeschneidert in Österreich anbieten.

Welche Ziele habt ihr euch für Österreich gesetzt?

Der österreichische Markt ist zwar kleiner als der deutsche, aber die durchschnittlichen Depotgrößen sind hier sogar etwas höher. Ziel ist es, in den nächsten Jahren ein Kundenvolumen von zehn bis zwanzig Milliarden Euro in Österreich aufzubauen. Aktuell liegen wir bei über 60 Milliarden auf der gesamten Plattform. In vier bis sechs Jahren soll die Hälfte des Kundenstamms von außerhalb Deutschlands kommen. Dabei sind wir klar auf Europa fokussiert, eine Expansion darüber hinaus planen wir nicht.

Ihr habt Agentic Investing eingeführt. Was ist die Idee, und wer nutzt das?

Wir haben zwei Schnittstellen geöffnet – technisch nennt sich die eine CLI (Command Line Interface) und die andere MCP (Model Context Protocol). Über die erste kann ein Kunde seine eigene KI-Anwendung anschließen. Über die MCP-Schnittstelle können auch Leute ohne Programmierkenntnisse in wenigen Minuten beispielsweise ChatGPT oder Claude mit ihrem Scalable-Konto verknüpfen. Man stellt die Freiheitsgrade ein: Im Read-Only-Modus sieht und analysiert der Agent das Portfolio, erstellt Charts oder aggregiert Newsfeeds. Wer möchte, kann ihn aber auch bis zum Ausführen von Trades und Trading-Strategien freischalten. Geblockt ist aus Sicherheitsgründen jede Zahlung, es kann nie Geld abfließen. Das Feature ist vor ein paar Wochen gestartet, die ersten 20.000 Agenten sind täglich aktiv. Noch nutzt es eher die technologieaffine Kundschaft, vor allem für Portfolioanalysen, manche fahren aber bereits aktive Strategien.

Und die Zukunft?

Ich erwarte nicht, dass jeder Kunde komplexe Trading-Strategien umsetzt, das macht für die meisten auch gar keinen Sinn. Die Vision ist eine Welt, in der jeder einen persönlichen Agenten hat. Der sagt nicht nur, dein Konto bei Bank XY hat zu wenig Zinsen, sondern eröffnet direkt ein Konto und Depot bei Scalable. Man sagt: “Ich habe zehn Euro im Monat übrig und möchte mit mittlerem Risiko anlegen” und der Agent sucht die passenden ETFs heraus und setzt einen Sparplan auf. Der Anspruch ist dabei nicht die zusätzliche Rendite, sondern dass der Zugang zum Kapitalmarkt einfacher wird. 80 Prozent der Menschen haben noch nie investiert. Ein Finanzcoach in der Tasche, der auch aktiv werden kann, das ist die Zukunft der Geldanlage. Das kommt nicht von heute auf morgen, aber in den nächsten Jahren. Private Geldanlage ist im Aufwind, Anbieter wie wir senken Hürden und Gebühren, und jetzt kommt KI dazu. Das ist ein ideales Zusammenspiel.

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