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No this definitely happened in Germany too, Solaris has been around for a long time and a whole slew of German neobanks and trading apps have been built on top
by jamil7 3y ago
No this definitely happened in Germany too, Solaris has been around for a long time and a whole slew of German neobanks and trading apps have been built on top of it. You can open an account with most of them by downloading the app and doing a video identification process with your id.
Culturally though, older Germans mistrust then and want to use the older, established banks with physical branches.
- Tainnor 3y agoThe problem is that some of these neobanks suck too, e.g. N26 is a bit notorious for bad security (at least in the past).
- jamil7 3y ago> The problem is that some of these neobanks suck too, e.g. N26 is a bit notorious for bad security (at least in the past). In the case of N26, the exploits that CCC found were disclosed and fixed before the presentation, this was also a while ago now, 2016-17 maybe? I'm not sure what the situation is now, though.
- h4ckerle 3y agoN26 is also infamous for being the go-to-bank for cybercriminals. That may be because they are easier to fool than your local bank branch where most financial stuff happens in Germany, but my impression is, that they don't care...
- jamil7 3y agoInteresting, makes sense. Deutsche Bank has a pretty bad reputation for money laundering, as does Germany in general and especially Berlin.