At the same time, a partnership with fintech players can help overcome the challenges of digitalisation and fulfil customers’ needs in a targeted manner. However, cooperative ventures with one another can be a further promising approach. This cooperation between banks is becoming increasingly important and – if I may say so at this point – this must be enabled by competition law.
Thus, we expressly welcome the current initiative to create a European solution, since credit institutions in Europe can only survive in the market with their payment services if they, the European banking community, provide customers with their own attractive solution.