"Banking is necessary, banks are not" – Bill Gates' famous statement from 1994 was not just provocative but also foresighted. With new technology-based providers, also known as FinTech businesses, a new player has entered the banking market and it contests the predominant role of traditional methods in financial services.
Banks are now forced to ask themselves whether they can provide some additional value in comparison to digitalized FinTech companies. This applies especially to the field of retail banking.
Stephan Hoppe describes the rise of the FinTech industry and outlines its impact on selected business segments of the German retail banking market. In this way his publication elaborates the threats but also the opportunities for the retail banking industry.
Content:
- FinTech;
- retail banking;
- financial services;
- digitalisation;
- financial technology
Inhaltsverzeichnis (Table of Contents)
- 1 Introduction
- 1.1 Problem Description
- 1.2 Objectives
- 1.3 Scope of Work
- 2 Banking and Financial Technology
- 2.1 Retail Banking
- 2.2 FinTech: Definition and Description of Relevant Segments
- 3 Methodology of Analysis
- 3.1 Selection of the Instruments
- 3.2 SWOT Analysis
- 4 Analysis of the Current German FinTech Market
- 4.1 General SWOT Analysis of the FinTech Industry
- 4.2 Payment Transactions
- 4.3 Investment Business
- 4.4 Credit Business
- 5 Recommended Actions for Retail Banks
- 5.1 Response Strategies
- 5.2 Acquisition
- 5.3 Cooperation
- 5.4 Independent Legal Entities
- 6 Critical Summary and Evaluation
- 6.1 Target Achievements
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This study analyzes the rise of FinTech and its implications for the German retail banking market. It explores the opportunities and threats presented by FinTech innovations, aiming to provide a comprehensive understanding of the evolving landscape. The study also investigates how retail banks can adapt and respond to these challenges, offering recommendations for strategic actions.
- The impact of FinTech on the German retail banking market
- Opportunities and threats posed by FinTech innovations
- Strategic responses of retail banks to the FinTech challenge
- Analysis of the current German FinTech market
- Recommendations for actions for retail banks
Zusammenfassung der Kapitel (Chapter Summaries)
- Chapter 1: Introduction This chapter sets the stage by outlining the problem description, objectives, and scope of the study. It highlights the relevance of FinTech in the contemporary banking sector.
- Chapter 2: Banking and Financial Technology This chapter provides an overview of retail banking and defines FinTech, exploring its relevant segments. It delves into the characteristics and impact of FinTech on the traditional banking model.
- Chapter 3: Methodology of Analysis This chapter elaborates on the methodology employed for the analysis, including the instruments and approach used, such as SWOT analysis. It outlines the framework used to assess the FinTech landscape.
- Chapter 4: Analysis of the Current German FinTech Market This chapter presents a detailed analysis of the German FinTech market, focusing on various sectors such as payment transactions, investment business, and credit business. It examines the competitive landscape and identifies key trends and challenges.
- Chapter 5: Recommended Actions for Retail Banks This chapter provides concrete recommendations for actions that retail banks can take in response to the FinTech challenge. It covers various strategies, including response strategies, acquisition, cooperation, and the creation of independent legal entities.
Schlüsselwörter (Keywords)
The core focus of this study lies in analyzing the evolving landscape of the German retail banking market in the context of FinTech. Key areas of investigation include the impact of FinTech on traditional banking models, the analysis of the German FinTech market across various segments, and the development of strategic recommendations for retail banks to navigate this dynamic environment. This exploration involves examining the opportunities and threats posed by FinTech innovations, ultimately aiming to shed light on the future trajectory of retail banking in Germany.
- Quote paper
- Stephan Hoppe (Author), 2018, The Rise of FinTech. Threats and Opportunities for the German Retail Banking Market, Munich, GRIN Verlag, https://www.grin.com/document/384505
