And in other digital banking news, German-based Kontist is providing financial solutions to young freelancers, who have long been excluded from the country’s traditional banking system. 

And in other digital banking news, German-based Kontist is providing financial solutions to young freelancers, who have long been excluded from the country’s traditional banking system. With the worldwide freelance community projected to grow from 150 million to over 520 million by 2025, Kontist has emerged as a one-stop shop for German freelancers, who face confusing self-employment legislation and lack financial support. In addition to an easy-access bank account, Kontist offers bookkeeping, tax consulting, invoice management, and more. Data from Morgan Stanley found that 80% of Gen Z are already using mobile banking, but at the same time, young Germans are quickly losing faith in traditional banks: A study from Edelman found that just 55% of the German population trusts financial institutions. (Forbes)