9. Oktober 2017

Association of German Banks now with 11 fintech companies as members

  • Partnership between banks and fintechs expanded
  • Launch of new Digital Banking Project Committee
  • Digital Banking Forum kicks off

The Association of German Banks continues to drive forward the partnership between banks and fintech companies. “There are plenty of opportunities for cooperation between banks and fintechs. So we, as an association, want to link both worlds more closely and have opened up more to companies from the fintech scene,” said Michael Kemmer, the Association’s general manager, with the new Digital Banking Project Committee launched today in mind.

Mr Kemmer stressed: “Digital offerings are a key issue for the future for both banks and fintechs. The growth potential is enormous.” To drive forward digitisation as a cross-cutting issue, the association now has a Digital Banking Project Committee, a high-level body comprising bank Chief Digital Officers (CDOs) and leading figures from the German fintech scene. For this, the association can now also count on 11 fintech companies as extraordinary members.

The Association has been intensifying the partnership between banks and fintechs for over two years. “The highly positive response on both sides has encouraged us to continue down this road,” Mr Kemmer said. As a second pillar, a Digital Banking Forum, open to banks and fintechs as well as academics, the internet scene, media, policymakers and administrators, would be staged several times a year.

The Association’s 11 extraordinary fintech members are: CashPayment Solutions (barzahlen), cringle, Deposit Solutions, Elinvar, FinLeap, figo, giromatch, IDnow, MasterFin, The NAGA Group and NDGIT.

For more information on the new members and Digital Banking Forum events, visit bankenverband.de/digitalbanking

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