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.

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Publications on this topic

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The insurance industry's core processes have been changing steadily over the past few decades. From consulting, sales and distribution, and underwriting to portfolio management or claims settlement, little by little digitalisation has come to affect every major part of the industry. Today, the speed and intensity with which data can be analysed allows for a more risk-based setting of tariffs and …

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