German Fintech Industry Poised for Growth in Challenge to BanksBy
About 250 fintech companies employ 13,000 people in Germany
Investment volume seen rising to 2 billion euros by 2020
Germany’s nascent financial-technology industry is poised to surge in the coming years, closing the gap to the U.K. and other global centers, as startups continue their onslaught on banks and financial services, according to a study by Ernst & Young LLP published on Tuesday.
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