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Banks vs. FinTechs – Digital Transformation in the Banking Sector

One of our earlier blog entries already illustrated why German banks stumble in the face of digitization. Their long existing traditional structures and processes don’t really fit into the modern world of the far digitized customer. Quite contrary to the offerings of FinTechs (an expression combining the terms “financial services” and “technology”), for whom an […]

Why banks stumble in the face of digitization

One sometimes gets the impression that banks are like ancient rocks immune to the ravages of time. But digitization is going to bring major changes for them too. Should they be scared of the new wave of digital change or can they rest on their laurels?