The Rise of FinTech. Threats and Opportunities for the German Retail Banking Market

Download or read book The Rise of FinTech. Threats and Opportunities for the German Retail Banking Market written by Stephan Hoppe and published by GRIN Verlag. This book was released on 2018-03-14 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Banking is necessary, banks are not" – Bill Gates' famous statement from 1994 was not just provocative but also foresighted. With new technology-based providers, also known as FinTech businesses, a new player has entered the banking market and it contests the predominant role of traditional methods in financial services. Banks are now forced to ask themselves whether they can provide some additional value in comparison to digitalized FinTech companies. This applies especially to the field of retail banking. Stephan Hoppe describes the rise of the FinTech industry and outlines its impact on selected business segments of the German retail banking market. In this way his publication elaborates the threats but also the opportunities for the retail banking industry. Content: - FinTech; - retail banking; - financial services; - digitalisation; - financial technology