How digitization is transforming the country’s financial services sector.
Germany’s financial services sector is facing unprecedented change. Startups and other attackers are jostling for a place in the market, backed by new technologies providing alternative solutions and business models that could render traditional banking processes obsolete in many areas. While it’s a worldwide trend, this article finds that in Germany, the fintech revolution may jeopardize around a third of all bank revenues in coming years.
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