As my colleague Roberto Campos Neto, President of the Banco Central do Brasil, once so aptly put it: “There can be no more difference between a large bank or a fintech. All financial institutions must be digital.”1 Digitalisation is also very evident in payments: it fundamentally changes the way we pay. This brings me straight to the subject of my speech.
* * *  Introduction Ladies and gentlemen, Thank you very much for the invitation. It is my pleasure to introduce the 6th edition of “Banking Business in Germany”.