Topic Fintechs Company start-ups and fintech companies
There is still no clear definition of the concept of a fintech company. Combining the words “financial services” and “technology”, fintech companies are commonly understood to be young undertakings that provide specialised and in particular customer-oriented financial services using technology-based systems.
Fintech business models are diverse and may – depending on their structure – require authorisation by the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht - BaFin). You can find an overview of the business models that are currently the most common, as well as regulatory information, on the following subpages:
- Alternative payment methods
- Automated portfolio management
- Platform for automated investment advice
- Platform for signal trading and automated order execution
- In certain cases, fintech companies, just like other providers have to draw up a capital investments information sheet.
- Virtual Currency (VC)
The description of the different business models is merely indicative in nature and does not constitute a final legal assessment by BaFin. Authoritative evaluations can only be made based on the individual circumstances pertaining to a specific case. To find out if the authorisation requirement applies to you, please fill out our contact form (only available in german).
The provision of payment services, financial services, and conducting of banking or insurance business without authorisation is a criminal offence.