Be A Global Leader in Industrial IoT rlin startup shaking up Europe's big old banks
www.inhandnetworks.de A Berlin banking startup is trying to c A Global Leader in Industrial IoT reate a "borderless banking experience across Europe" with an app that tracks transactions in real-time, no fees and none of the typical paperwork of German bureaucracy.Especially when compared to tech-happy Americans and nearly cashless Swedes, the Germans seem a bit behind in new banking technologies. Hyperinflation in the 1920s still has its ripple effects in mistrust of credit today, with many Germans still preferring to pay in cash rather than plastic - though that is slowly changing. So it's no wonder that banks have also been slow to adopt newer technologies for debit and credit card banking, often requiring heaps of paperwork to start an account or make any changes, as well as personal visits to the bank itself. But Berlin-based startup Number26 is trying to change the traditional brick-and-mortar establishment of German banks. Their smart...