-
Germany as an attractive market: More and more foreign companies court for customers
More and more foreign Fintechs, challenger banks and providers for SMEs are active in Germany or are announcing their imminent launch. This was to be expected, because in their home markets they have in many cases (also with the help of investor funds) meanwhile reached a size that makes it interesting for them to now…
-
paydirekt and giropay merger-Girodirektkwittpaycard 2.0 – the new normal?
Thought about #dk – what is the situation and development? Banks are talking about merging paydirekt and giropay Just over a week ago, some news appeared in the press, in which people speculated about the merger of paydirekt and giropay – once again. The Kwitt service is also to be merged with the other payment…
-
Digital currencies: Europe threatens to lose its access
Bitkom publishes information paper “Digital Euro on the Blockchain“ Not only practically all central banks worldwide are discussing the topic of digital central bank money, but also commercial banks, technology- and financial companies and, of course, politicians are involved in the wide-ranging discussion about the advantages and disadvantages of CBDCs. One thing seems clear to…
-
What is… finstreet actually doing?
As the Payment & Banking team we try to keep a continuous overview of the industry and report on small and large Fintechs and InsurTechs, on established banks as well as neo-banks, on digital strategies, on major investments of national and international financiers, report about exits and provide analyses on current topics. Some companies appear…
-
The Federal Court of Justice-defeat of the German Banking Associations on Open Banking
We have been following the major topic of Open Banking in our blog in various podcasts and articles long before PSD2 came into force. We are also continuously dealing with the topic in interviews. Now a large further chapter has been closed for the time being with a BGH defeat of the German banking associations…
-
“Many people are unaware of the benefits of crypto-currency”
The crypto currency is undoubtedly the biggest phenomenon that has hit the financial sector since the Internet. It is not simply a new type of investment, but a completely new asset class. The last time the world has seen an entirely new asset class was over 300 years ago, when the Bank of England issued…
-
Trade Republic – trade with three clicks – and what do you do?
Our “FinTech of the Year 2019” – Trade Republic has announced a new impressive funding round with Accel and Founders Fund! Congratulations to Berlin. In podcast 203, the colleagues gave a good outlook on what they are doing. In general, we have been following the topic for a long time, as Trade Republic was a…
-
Head to head – race: After Revolut, Klarna is again the most valuable Fintech
Well, who now? Just last week, Revolut was named the most valuable Fintech in Europe, with a funding of 500 million dollars and a valuation of around 5.5 billion dollars. Barely seven days later, the British company has already been pushed from the throne again. The Swedish payment service provider Klarna could now climb the…
-
More sales through smart risk management: 5 steps for retailers
One in five German online shoppers has already been the victim of fraudsters. This is revealed by a Bitkom-survey which results were published in January. Fraud vs. sales: Online retailers want to generate the highest possible sales. Their core business is sales. However, bad debt losses can have a significant impact on the sales if…
-
Financial regulators are watching crypto custodians
Since January 1, companies that hold Bitcoin & Co. are considered financial service providers and must apply for a license. Bitkom sees this as an opportunity for the breakthrough of digital assets and has therefore published an information paper for “Regulatory requirements for crypto custodians”. Since January 1st, anyone who holds crypto currencies such as…
-
Issuing as a new component of acquiring in payment
With SUMUP, another payment acceptance provider is entering the business of issuing cards. What does this mean? Following the merger of network operations/payment service providers and acquiring in recent years, we are currently seeing more and more indications of a further, completely new fusion of value creation in payment. Issuing, i.e. the issuing of cards,…
