Dr Raphael Klesen LL.M.

FGvW has advised the Würzburg-based deep tech startup WeSort.AI on a EUR 10 million funding round. Participants in the round included the European impact investors Infinity Recycling, Green Generation Fund, and Vent.io, as well as SPRIND – Federal Agency for Breakthrough Innovations and other public funding programs. The financing was facilitated with the support of...

Payment service providers must be prepared for an increasing number of cases of fraud in online banking and ever higher loss amounts. In addition, there is a growing litigation risk for payment service providers due to increasing demands on the security systems used as part of strong customer authentication. Furthermore, new legislation is planned to...

In the latest attacks on companies’ online banking accounts, which are occurring in various forms, the standard account authorization is becoming an unmanageable risk. The problem If a company’s accounts department employee is issued an account authorization by the management to use online banking, among other things, the account authorization form provided by the company’s...