VERIMI, the new European identity and data platform, with its central and convenient VERIMI log-in (single sign-on) is now available in the German market, as a basic product (Minimum Viable Product - MVP). The launch is following a phased approach: in the first phase, the VERIMI system platform has gone live, with VERIMI shareholders Deutsche Bank and Bundesdruckerei the first organizations to make the green VERIMI button available for their online customers. In a second phase over the coming weeks, the platform will expand to connect additional partners as well as offer new platform features.Continue
Users leave behind extensive traces when using apps and internet-based services. In contrast to the analog world, these generally remain available in the form of data and are analyzed and used by various service providers for a range of purposes.Continue
Artificial intelligence is undoubtedly one of the most highly discussed technology topics at present. You will struggle to find any mass media source which does not contain any reference to machine learning, deep learning or artificial intelligence.Continue
The new regulations concerning strong customer authentication and secure communication (RTS SCA & SC) under PSD II were published by the EU Commission on November 27, 2017. At first glance two points, in particular, come to mind: On the one hand, the requirements have been worded very generally, meaning that applying these rules to concrete payment processes will prove a major challenge to many market participants. On the other, the underlying security paradigms all appear to be inconsistent with one another. Even though these points were continually debated during the long consultation phase – including consultations, public hearings, numerous meetings involving market participants and the European Banking Authority (EBA), the final version of the RTS still does not provide sufficient clarity on the subject.Continue
Internet retail is growing rapidly. E-commerce revenues in the German B2C segment have increased almost fivefold in the past 10 years, which is why online payments are becoming ever more important. The success of payment services such as PayPal is largely due to their user-friendliness. Customers are no longer required to enter complicated IBANs, PANs, TANs, BICs, or online banking log-in details, but merely have to remember their email address/username and a password of their choice.Continue
Just like the Minimum Requirements for Risk Management (MaRisk) applicable to banks , the latest version of which BaFin published in late October, BAIT also interprets the legal requirements of Sect. 25 (1) Clause 3 (4) and (5) of the German Credit Act (Kreditwesengesetz).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.