Debates on the challenges and opportunities facing banks, as a result of technological developments and demographic change, have become the norm. These topics were initially viewed as a threat to banks. However, partnerships between fintechs and banks are now widespread, and corresponding services have since become very much a part of the services and ongoing development of many banks.

Continue

The automotive industry is currently faced with a structural shift that is primarily based on technological and sociological changes, with development driven by demographic change, urbanization and technological progress (Moore’s law). As a result, transportation needs are changing, which in turn is giving rise to altered demands on existing infrastructures. This is illustrated clearly by the prominent example of the shared economy trends in urban areas. In the context of automotive transportation, this means that customers are restricting their use of personal modes of transportation in favor of alternative options. In Germany, for instance, this trend is making itself felt in a shift of the modal split between different means of transportation.

Continue

Global financial markets are currently in a state of upheaval due to technical innovations, shifting customer needs and regulatory requirements. Established structures are faced with the challenge of defending their existing value chain against new market entrants, especially in the field of payment transactions. Financial institutions are losing their grip on the opportunity for success, namely the customer touchpoint.

Continue

Technological progress and regulatory requirements are major drivers of change in the financial sector in general, and in the payment transactions market in particular. Together, they are leading to a break with the proprietary payment infrastructures established by the banking industry, and therefore driving the increasing liberalization of the European and international payment transactions market.

Continue

The amendment to the Payment Service Directive (PSD II) follows the European regulator's intention to further strengthen competition in the field of payment services. Initiatives taken by financial institutions such as the ZOB interface (Central on-line banking interface) or FinTS (Financial Transaction Services), led to a variety of reasons for insufficient market acceptance.

Continue