German Fintech Industry Poised for Growth in Challenge to Banks

  • About 250 fintech companies employ 13,000 people in Germany
  • Investment volume seen rising to 2 billion euros by 2020

The region around Frankfurt, home to Deutsche Bank AG, Commerzbank AG and Deutsche Boerse AG, is growing at almost twice the rate of the rest of Germany.

Photographer: Krisztian Bocsi/Bloomberg

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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