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Bank Tech Shift Biggest Challenge Since Crisis, Bundesbank Says

Joachim Wuermeling, member of the management board at Deutsche Bundesbank, speaks during a Bloomberg Television interview.

Joachim Wuermeling, member of the management board at Deutsche Bundesbank, speaks during a Bloomberg Television interview.

Photographer: Alex Kraus/Bloomberg

Banks’ increasing use of digital technology has presented their regulators with the biggest challenge in more than a decade, according to the Bundesbank.

“We are seeing completely new business models like platforms and crowd-funding,” Joachim Wuermeling, a board member at Germany’s central bank, said at a conference in Frankfurt Tuesday.