Use of data: balancing added value for customers and data protection

The digital transformation is one of the key challenges today – also for the financial industry. The Association of German Banks is meeting this challenge by, among other things, cooperating with start-ups from the financial sector, fintechs. The cooperation was institutionalised in the Digital Banking Project Committee, which is vigorously driving forward the cross-cutting issue of digitisation. The committee is a high-level body comprising bank Chief Digital Officers (CDOs) and leading figures from the German fintech scene. The present paper is the result of intensive cooperation between banks and fintechs.