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
Following the implementation of the Basel Standard 239 (BCBS 239) in AT 4.3.4, the requirements concerning data aggregation and risk reporting for system-relevant credit institutions have now also been included in the Minimum Requirements for Risk Management (MaRisk).Continue
Approaches aimed at increasing functionality with smaller budgets are frequently discussed at management level in established companies, but are rarely successfully implemented. The reasons for failure (or at least lack of success) of these projects cannot be attributed to general factors (e.g. company size) or even a few different factors; reasons specific to the company in question also play a role. It is clear that a successful approach must be implemented in various areas if the core of the entire process of relevant innovation is not to be abandoned.Continue
Leading German and European companies have stated their intention to cooperate more closely to establish a joint, pan-industry platform for online registration, e-identity and data services. The aim is to make online registration simpler and more secure for clients. The participating companies have signed a corresponding declaration of intent. The initiative was set up by Allianz, Axel Springer, Daimler and Deutsche Bank with Postbank as well as the technology think-tank Core, and Here Technologies, the location services provider.Continue
The technologically driven change in the financial industry is entering a new phase. While banks have developed a common digital ecosystem with fintechs over the past few years, technology companies such as Google, Amazon and Alibaba have been shaping new structures - a growing impact on the financial industry in the future.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.