Who or what is BaFin?
“BaFin” is the abbreviation of the German Federal Financial Supervisory Authority (“Bundesanstalt für Finanzdienstleistungsaufsicht”). It is hence the authority responsible for the supervision of the financial market in Germany. finleap connect also falls under the competences of BaFin, since finleap connect has received a licence from BaFin to provide certain payment services or to act as a payment institution. BaFin also maintains its own online information service for consumers at https://www.bafin.de/en.