German public sector banks consider merger

October 09, 2019 | FinTech
Written by FinTech Alliance

Tags

Helaba Deka
German public sector banks consider merger

Helaba and Deka, two public sector banks in Germany, are considering a merger.

In Brief:

  • The news comes from Germany’s savings banks association.

  • The banks are reportedly examining ways to cooperate closely, “up to and including a merger”.

  • This could lead to Germany’s biggest public sector bank based on assets.

What does this mean?

Germany’s banking sector is currently fragmented and this could go some way in bringing it together. Banks are experiencing pressure to consolidate due to, among other factors, increased competition.

More in FinTech

Shanghai's push to become a FinTech hub
FinTech
January 16, 2020

Shanghai's push to become a FinTech hub

The Chinese city unveils incentives to attract FinTech companies and talent In Brief: Shang...

Bankable Announces Strategic Global Partnership with Plaid

Posted By The Community

FinTech
January 16, 2020

Bankable Announces Strategic Global Partnership with Plaid

Today, Bankable, the global architect of “Banking as a Service” solutions, announced a strategic glo...

Written By: Bankable

Edinburgh FinTech sets up in Australia
FinTech
January 15, 2020

Edinburgh FinTech sets up in Australia

Float is building a team in Sydney to target the ANZ market. In Brief: This follows a &p...

FinTech
January 09, 2020

Latin America: Global Investors’ New FinTech Frontier

Insights from Leading Banks, Venture Capital and Private Equity Investors

FinTech
January 09, 2020

What will the future of banking look like?

Big tech, fintech and increased regulation are putting pressure on banking incumbents. How can they...

FinTech
January 09, 2020

A Roadmap For FinTech Firms Entering Fast-Growing Emerging Marketing

Fintech firms are finding growth opportunities establishing a presence in emerging markets. This pap...

FinTech Retreat

FinTech Retreat

When: Jan 22nd, 2020
Where: Menlo Park, Menlo Park , GB
Price: £330
Paris FinTech Forum

Paris FinTech Forum

When: Jan 28th - Jan 29th, 2020
Where: Palais Brongniart, Paris , GB
Price: £1,300
UK FinTech Mission to Austria

UK FinTech Mission to Austria

When: Jan 29th, 2020
Where: Residence of the British Ambassador, Vienna , GB
Price: £660