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2017 | OriginalPaper | Buchkapitel

4. The FinTech Market in Germany

verfasst von : Gregor Dorfleitner, Lars Hornuf, Matthias Schmitt, Martina Weber

Erschienen in: FinTech in Germany

Verlag: Springer International Publishing

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Abstract

In the following, we provide overview of the entire German FinTech market. Subsequently, general trends of the FinTech industry are described, and market sizes and developments within the respective subsegments are analyzed.

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Vorheriges Kapitel Methodology

Nächstes Kapitel International Position of the German FinTech Market

A list of all FinTech companies that were operating in Germany in 2015 is included in the Appendix.

For example, the average sum obtained for a successfully financed campaign on Kickstarter was over 15,000 USD (Kickstarter 2016).

See for example Sciencestarter for the crowd financing of scientific projects or Monaco Funding for crowd financing of athletes.

These campaigns were Urbanara Home AG (Portal: Bergfürst), Protonet 2 (Portal: Seedmatch), SpreeSide Residenz (Portal: FunderNation) and Weissenhaus (Portal: Companisto).

In the real estate sector, the term PropTech was coined in analogy to the term FinTech. In fact, real estate crowdfunding is associated with both FinTechs and PropTechs. There is, however, no further overlap between them. There will accordingly be no further mention of PropTechs here. Real estate crowdfunding is subsumed by the crowdinvesting subsegment in this study and therefore is not explicitly discussed further.

Klöhn and Hornuf (2015) also pointed out that this regulation was inconsistent prior to the implementation of the German Small Investor Protection Act.

Similarly, the operators of Bayerische Vermögens AG and Hinkel & Cie. Vermögensverwaltung AG own Wikifolios.

The investment advisers Vanguard and Schwab Capital have brought robo-advice services into the US market.

A total of 98% of those interviewed stated that they regularly use online banking. It can be concluded from this that Internet savvy users are overrepresented in this sample. According to the Association of German Banks (Bankenverband 2015), only 56% of the German population used online banking to perform banking transactions in 2014.

The deposit guarantee can apply to amounts exceeding 100,000 EUR, so long as the payment was not made more than three months previously and is linked to a specific life event such as a home sale (see Directive 2014/49/EU).

For a detailed introduction to PSDII, see Sect. 4.1 of the Current Market Environment.

The Association of German Banks lists the largest German banks, as measured by their total assets (Bankenverband 2015).

In this study, financial institutions are classed as innovative if they have already entered into cooperation with FinTechs or offer FinTech services themselves (for start-up companies). An overview of these financial institutions is provided by Bajorat (2015) and has been supplemented by five additional companies for the present investigation.

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Titel: The FinTech Market in Germany
verfasst von: Gregor Dorfleitner
Lars Hornuf
Matthias Schmitt
Martina Weber
Verlag: Springer International Publishing
Buch: FinTech in Germany
Print ISBN: 978-3-319-54665-0

Electronic ISBN: 978-3-319-54666-7

Copyright-Jahr: 2017
DOI: https://doi.org/10.1007/978-3-319-54666-7_4

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