Payment transactions are increasingly digitalized. Numerous electronic payment and transfer methods are now being offered.
Crowdfunding is a financing model with which a person or enterprise raises money to implement a business idea from a large number of persons using a special internet platform.
In peer-to-peer lending and crowdlending, loans are arranged person-to-person (P2P) or between several lenders and an individual.
Social trading/Copy training
Social trading and copy trading are a form of investment in which investors follow or copy the trading strategy of other investors.
Robo-advisors/Automated financial advice
Using client profiles and market analyses as a basis, robo-advisors automatically prepare investment portfolios and investment strategies.
Cryptocurrencies are private, purely virtual currencies that are not subject to any control authority. In technological terms, cryptocurrencies – such as the well-known bitcoin – are usually implemented using a blockchain.
As of now, neither the production nor the use of virtual currencies as means of payment are subject to any licensing requirement governed by specialized legislation. In individual cases, however, there may be a licensing requirement depending on the specific design of the business model.
Short-term and niche insurance
The insurance industry increasingly is offering time-limited or event-related, individualized insurance policies that can be concluded using mobile technologies.