FinTech Challenges and Opportunities

The financial services sector in Germany is facing unprecedented change. Startups and other attackers are jostling for their place in the market, backed by new technologies. Known as FinTech (Financial Technology) companies, they provide alternative solutions and business models that could render traditional banking processes obsolete in many areas. This worldwide trend will become very evident. In Germany, it may jeopardize around a third of all bank revenues over the next few years.