Fintech & Blockchain is ‘Eating the German Landscape’
Blockhain and financial technology may be going German, with a vast amount of startups in these industries choosing to set up shop in Berlin. Brexit Forces Fintech to Berlin. Several startups in Berlin told Reuters that the German Capital is booming as a hub for financial technology. Berlin is currently home to over 70 fintech companies, while there’s....
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The German fintech sector expected to outperform other countries in the coming years. The European financial sector is witnessing a tectonic shift resulting in the relocation of continent’s fintech hub. Until now, London has been the financial hub of the entire continent. The United Kingdom boasted of housing some of the best fintech companies developing cutting edge products. However, Brexit has poured water over the country’s big plans. With Britain’s eventual exit from the European Union, the focus of fintech market has shifted from London to Berlin. The change is evident in the German....
Bringing the concept of borderless banking to mainstream consumers sounds like a proper use case for blockchain technology. But at the same time, a German FinTech startup is looking to provide exactly that service without using the blockchain. Number26 has quite the ambitious plan, although their service recently expanded to six additional European countries. As one would come to expect from a FinTech startup tackling the banking ecosystem, Number26 is focusing all of their attention on the mobile experience. As a result, customers can open a bank account – linked to a MasterCard – from....
The digitization of financial services could see notable benefits from innovations like blockchain technology, according to the president of Germany’s central bank. Dr. Jens Weidmann, president of the Deutsche Bundesbank was speaking at a G20 conference yesterday with a focus on international finance from a German agenda. Digital finance and the digitization of the financial sector was underlined as a priority in the agenda. While some argue if financial technology or FinTech really is a revolution, the central bank chief added it would bring a competitive threat to the current banking....
German private bank Hauck & Aufhäuser says it will launch a crypto investment fund in January next year, allowing institutional and semi-institutional investors to invest in digital assets including, bitcoin, ether, and stellar. ● According to a report on Fundview, the Frankfurt-based bank is partnering with local fintech company Kapilendo to establish the fund called ‘HAIC Digital Asset Fund I.’ Hauck & Aufhäuser will manage the fund while Kapilendo will act as the crypto asset depository. ● The minimum investment in the fund is 200,000 euros ($242,000),....
FinTech may be attempting to rewrite the history books by taking over traditional banking methods, but there is one area the sector is struggling with compared to banks: there are far less women on FinTech boards. According to research conducted by headhunters DHR International, when it comes to women FinTech global directors they account for only eight percent compared to the 22 percent of women board members at 30 of the world’s biggest banks. Speaking to the Financial Times, Gert Stürzebecher, a Frankfurt-based partner at DHR, said: “FinTech has the opportunity to bring a new culture of....