NIS2 Compliance in Berlin
Berlin is Europe's largest FinTech hub with over 1,000 FinTech startups and major players like N26 (€9B+ valuation), Trade Republic (15M+ customers), Solaris (Banking-as-a-Service), Raisin (€50B+ deposits brokered), and Bitpanda. The city hosts more FinTech unicorns than any other European capital. With many of these companies scaling rapidly from startup to regulated financial institution, the need for robust compliance frameworks — particularly DORA and BaFin licensing requirements — has never been more urgent.
Request a demoWhy NIS2 matters in Berlin
The NIS2 Directive (EU 2022/2555) is the EU's updated cybersecurity legislation covering essential and important entities across 18 sectors. With penalties up to €10M or 2% of global turnover for essential entities, and personal liability for management bodies, NIS2 represents a significant escalation in EU cybersecurity enforcement. Germany's national transposition (NIS2UmsuCG) adds sector-specific requirements.
Berlin's FinTech companies face a unique challenge: they've built technology-first businesses that now must retrofit compliance into fast-moving engineering cultures. N26 received a €4.25M BaFin fine in 2021 for AML deficiencies — a cautionary tale for the ecosystem. Trade Republic, processing millions of trades daily, must demonstrate DORA-compliant ICT risk management. Crypto-asset service providers like Bitpanda fall under DORA via MiCA, adding another compliance layer. For Berlin's startups, automated compliance isn't a luxury — it's the only way to scale without drowning in regulatory overhead.
Supervisory Bodies
BaFin
Key Industries
- FinTech & Neo-Banking
- Crypto & Digital Assets
- Payment Services
- Banking-as-a-Service
Notable financial institutions in Berlin
NIS2 Key Requirements
Related Resources
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