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If you do not pay with cash at the point of sale, you often must confirm payments with a PIN or signature. But many German citizens are increasingly prepared to secure cashless payments with their own biometric data. 

Only a few weeks remain until international experts and decision-makers from the banking & insurance industry, politics and supervisory authorities gather in Berlin to discuss the future challenges and opportunities of the financial industry at the Digital Finance Conference. Now the first speakers of #digifin19 have been announced.

Above all, it is the young target group that can hardly be reached without digital offerings - across all industry sectors. This also applies to the insurance market. A study by Germany's leading digital association Bitkom showed that potential policyholders under the age of 30 can articulate fairly concrete ideas about the digital services they expect to receive.

The insurance sector is also feeling the effects of the digital transformation. New communication methods between providers and policyholders or completely new possibilities to conclude contracts are only the obvious developments of digitalisation in the insurance market. The first trends can be already found in the market.

For the new episode the Bitkom podcast visited the Berlin FinTech Elinvar. Elinvar has developed a digital platform for banks and asset managers. Bitkom talked to founder and CEO Chris Bartz about how banks can digitize their business models, how to set up a FinTech and what role a really good coffee machine plays. You can listen to all this and much more here.