BaFin

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.

Business models

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:

Authorisation requirement

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.

Did you find this article helpful?

We appreciate your feedback

* Mandatory field

Publications on this topic

Big Da­ta and Ar­ti­fi­cial In­tel­li­gence: “The ma­chines can’t be al­lowed to as­sume re­spon­si­bil­i­ty, even in au­to­mat­ed pro­cess­es.”

Interview with BaFin President Felix Hufeld, Gerold Grasshoff (Senior Partner, The Boston Consulting Group), Professor Stefan Wrobel (Director, Fraunhofer IAIS) and Claus Wechselmann (Managing Director, PD – Berater der öffentlichen Hand)

Big Da­ta und Ar­ti­fi­cial In­tel­li­gence: BaFin pub­lish­es re­sults of a study

How do technological developments in data processing and analysis impact the financial sector? What are the implications for financial stability, market supervision, firm supervision, and collective consumer protection? The “Big Data meets Artificial Intelligence” report, which BaFin published on 15 June 2018 , helps to answer these questions.

Big Da­ta meets ar­ti­fi­cial in­tel­li­gence: BaFin starts con­sul­ta­tion on the re­port

BaFin has today issued the study "Big Data meets artificial intelligence - Challenges and implications for the supervision and regulation of financial services" and started consultation.

Con­sul­ta­tion on BDAI re­port

As the amount of data available is constantly growing and ever better opportunities for using this data are arising, companies are able to structure their work processes more efficiently and develop new business models. Supervisors and regulators, however, are facing new challenges as the use of big data and artificial intelligence (BDAI) increases on financial markets.

Attachments

Study: "Big Da­ta meets ar­ti­fi­cial in­tel­li­gence"

Big Data meets artificial intelligence

All documents