Frankfurt Sets Sights on Becoming Germany’s FinTech Hub
Frankfurt is set to become a disruptor in Berlin’s plans of becoming Europe’s and Germany’s FinTech hub as Frankfurt sets its sights on beating Berlin to the podium. A recently launched project known as TechQuartier in Frankfurt brings together 120 founders of FinTech companies to share ideas. According to The Local, a German news site, the project reflects how the banking world in the city is attempting to play catch up in the growing sector. Of course, while Frankfurt may be riding the wave that is seeing more startups in the city, it’s reported that most founders of companies will....
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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....
Since Britain’s vote to leave the European Union in June, there have been several discussions surrounding London losing its spot as a leading global fintech hub. The topic became particularly interesting after Paris Europlace, which promotes French finance plans, chose to travel to London to entice financial firms and professionals. The French government agency, Business France, also distributed leaflets to promote the benefits of working and living in Paris. On the other side of the border, Frankfurt city officials set up a specialist hotline for banks that want to discuss moving....
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....
The race is on between European cities including Frankfurt, Dublin and Paris for London's finance crown following the Brexit vote. Just a day after the vote result was announced last week, Ireland's foreign investment agency had already contacted more than a thousand investors letting them know the Emerald Isle is part of the European Union and will remain so, while offering assistance in moving staff over from the United Kingdom. Although this is all very premature as Article 50 is yet to be triggered and when it is, there will be up to two years of negotiations, these other major....
For any legitimate business to succeed in the modern world, it is important that it be up-to-date with all regulatory requirements in the jurisdiction in which it operates. Two of the most important are know-your-customer (KYC) and anti-money laundering (AML). The KYC and AML requirements for customers and the firms themselves are different from place […]