Upcoming Trade Shows in Germany for Banking & Finance

Germany’s Fintech sector is defying crises and maintaining its momentum, reaching new heights in 2021 despite the ongoing challenges brought about by the COVID-19 pandemic. A record-breaking €26 billion in Fintech investments across Europe cemented Germany's position as a prime European destination for Fintech investments. This trend continued through 2022 and looks to be stable for the next few years. The pandemic played a pivotal role in this success story by acting as a catalyst for the digitalization of various aspects of people's lives, including financial activities. The integration of Embedded Finance further blurred the lines between personal and financial matters. One striking shift was the notable rise of contactless payments in Germany, which surged from 30% to 49% between 2019 and 2021. This is particularly significant considering that German consumers had traditionally favored cash payments. As a result, German Fintechs played a pivotal role in driving this transition despite consumer hesitancy to adopt non-cash payments and stock ownership. The transformation represents a profound and permanent behavioral shift. Contrary to fears of a Fintech bubble bursting, the sector appears robust. The industry can actually anticipate more private equity buyers and market consolidation. This signifies maturation and greater relevance in the German Fintech market. The regulatory framework, particularly the practices of BaFin, has played a pivotal role in shaping Fintech market dynamics in Germany. It has had a profound impact on specific business models, market segments, and the overall competitive landscape of the German Fintech industry. With resilience and innovation, Germany's Fintech sector appears poised to continue its growth trajectory. The pandemic served as a catalyst, propelling Fintech to new heights and forever changing how Germans interact with their finances. As the German Fintech sector matures and consolidates, it is poised for a future of sustained relevance and impact.