Digital banking is the recent rage in the global finance domain as this disrupts the concept of traditional banking. Talking about digital banking, Germany has witnessed noticeable growth and innovation in the fintech sector, especially in digital banking in recent years.
To be adopted by German businesses, digital and challenger banks in the country must focus on providing solutions that consider the unique features of the market. Also, challenger banks must make sure they stand out ahead of the competition that exists in the market and addresses key pain points by offering seamless cross-border payments among other services.