As Germany’s banking capital, Frankfurt has long established itself as one of Europe’s leading financial hubs.
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As Germany's banking capital, Frankfurt has long established itself as one of Europe's leading financial hubs. But the city, which has a rather staid and strait-laced image, is now vying with hipper and trendier centres around Europe to woo financial startups known as FinTechs which want to revolutionize the way the world of money does business.Last week, Deutsche Boerse unveiled its own FinTech initiative, offering fully equipped premises to new companies and start-ups from April onwards.Financial startups are more innovative and more agile than traditional banks and are constantly seeking out important new perspectives on the financial sector.The Frankfurt-based startup was launched in 2013, incubated by the city's university and now employs around 20 people.As Germany's financial capital and the biggest financial services hub in continental Europe, Frankfurt is proud of its slick, cosmopolitan image and its imposing skyline of skyscrapers.
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