Global technology companies International technology companies: Global technology companies, which can revolutionise direct access to banking products through their globally established customer platforms (e.g. Alibaba, Amazon, Facebook, Google, PayPal and others), make up the prospectively most important new group of competitors for German banks. This group also includes marketplaces, comparison
Market infrastructure providers Market infrastructure providers: In addition to the established and steadily growing capital markets infrastructure providers such as exchanges, clearing houses, securities service providers and custodians (e.g. Deutsche Börse Group, LCH.Clearnet, BNY Mellon), a number of successful information service providers, data analytics providers and research boutiques (for example
THE “FORTH PILLAR” THE “FORTH PILLAR” IN THE GERMAN BANKING MARKET For years, the three pillars of the German banking market have been under strong pressure from foreign banks and new competitors. Increasingly, the distinctions between domestic and foreign banks, and between banks, FinTechs and global technology companies, are blurring.
Process of consolidation CONSOLIDATION BELOW THE SURFACE For some time, the German banking system has been in the process of consolidation – barely noticed by the broader public. Each year, around 40 small banks disappear, particularly in the cooperative and public savings banks sector.4 They are either taken over by