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A Comprehensive Review Of The Current Fintech Industry In Germany
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The European fintech industry has taken shape and is gradually maturing like in many other places across the world. Germany is one of those countries that have seen a growth in fintech, which is supported by the national financial regulator, BaFin. The industry reached $421 million in 2016 from $193 million in 2015, which is a 118% increase. Germany is also catching up to match the UK, which is among the best European fintech hubs as far as funding goes. In 2016, German fintech firms received more funding compared to those in the UK during both Q2 and Q3.

 

Brexit as a chance...

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Introduction of New Bank Fees in Germany
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The finance website biallo.de currently reported that many banks across Germany are now charging a certain fee upon each withdrawal. For instance, many branches of Sparkasse banks are now charging up to 0.50 Euro to their own customers on every withdrawal. The website further reported that 40 of the over 400 companies in the Sparkasse network are now charging the fee for withdrawal.

In Erding town, customers now withdraw money twice a month before they pay a withdrawal fee of 0.29 Euros, while the ATM users withdraw four times a month before the charges are imposed on them. The fee is...

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Team Mercedes-Bosch robo-taxis to take poll position?
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It started with Google's self-driving car. Although nothing much came of the concept at the time, it drew closer the gap between science fiction and reality. While there may not be self-driving cars frequenting our towns and cities in 2017, the technology to bring them to the roads is ready to go. After all, commercial jets can fly themselves. 

A new generation of computers and robots are transforming industries globally. And the way we go about our lives includes more digital devices. Modern cars already rely on complex computer systems, but rather than their human drivers having...

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