Finovate has established itself as a forum to exchange ideas between the Fintech scene and well established financial service providers. This year Billingsgate Market Hall, located in the heart of London’s financial district, was the venue for the European arm of the trade fair where a total of 71 Fintechs were able to present their services to an international audience between February 7–9. CORE also attended this year, in order to identify trends and report on highlights.Continue
More and more firms are turning to agile methods in order to increase their rapidity of innovation in complex, dynamic environments, and to manage processes of change. In practice, however, the adoption of these methods often comes into conflict with hierarchical structures within teams.Continue
The New Year Reception of the Federal Financial Supervisory Authority (BaFin) on January 10 gave an indication of the regulatory agenda for 2017. During the event, BaFin’s president, Felix Hufeld, spoke of a year “full of tasks, demands and pressures”. This overview of the regulatory challenges makes his meaning clear.Continue
Changing customer needs, the liberalization of regulations, and the related digitalization of the payment market are having an ever greater effect, as seen in the proportional increase in the use of mobile payment methods. This being the case, it is expected that the global customer base will have increased by ~51%, and the volume of transactions by ~85% by the end of 2020.Continue
According to Article 96 of Payment Service Directive (PSD) II, payment service providers have until 13th January 2018 to implement a reporting system for major operational and security incidents relating to cash-free transactions. The EBA proposes a classification scheme with four quantitative criteria and three qualitative ones to decide whether an incident needs to be reported.Continue
On 30 November of this year, the Euro Retail Payments Board (ERPB) released “Instant Payments Guidelines”, and more details are starting to emerge: banks and financial ser-vice providers will be required to implement instant payments in retail banking and oper-ate them universally from November 2017. This requirement will create major challenges for many financial institutions. The legacy of their IT infrastructure (bringing “technical debt” in its train) means this requirement can only be met with high expenditure and lengthy lead-in times.Continue
The following database gives an overview of innovative products and services in the market for financial services. Based on the product, the database provides company information, a short description, and the respective segment.
The following database gives an overview of innovative products and services in the automotive market. Based on the service, the database provides company information, a short description, and the respective segment.
The following database provides an overview of the suppliers of banking standardsoftware. Supplementary to the product portfolio of the providers, the focus is especially on the banking segments, the functional domains, and the business areas, which can be realized by these products.
The following database provides an overview of technology driven companies and startups with main focus on services in the German insurance industry. Based on the company’s role model (e.g. broker) the database provides company business model information, a short description, and the respective insurance segment.
The market for financial services as well as banking as a whole are changing fundamentally. The COREtechmonitor deals with the technologically innovative developments on this market. The consequences for the banking and financial industry are discussed, especially concerning the established players. The publications of COREtechmonitor are based on technological innovations and market observations, as well as the interdisciplinary research of COREinstitute.
COREinstitute conducts research on the dynamics and systematics of complex transformations in various industries and sectors in order to develop new solutions in transformation management for industry experts, scholars, and engineers. With its analyses and research projects the COREinstitute supports COREtransform. COREtransform is a consultancy focusing on enterprises in the financial industry and supports strategic as well as IT-driven transformations of complex systems.