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 situation in the banking sector is still tense, and is becoming ever more so as a result of increasing regulation. In order to make use of regulatory compliance as a driver for innovation, the use of state-of-the-art technologies and agile approaches are just as important for success as a greater focus on IT know-how within the banks’ management hierarchy. These are the findings of a recent study carried out by COREinstitute, Berlin.

Continue

Risk management is one of the core compe-tencies of the finance industry. This sensi-tive field’s immunity against technological developments has long since evaporated, with models and methods influenced as a result. In particular, data and new ways of exploiting it (think big data and, to an in-creasing degree, artificial intelligence) are having a transformative effect and challeng-ing the previous organizational models employed by institutions. The recently pub-lished Open Source Risk Engine Platform promises to open up these possibilities to a greater number of institutions. It is based on the open-source approach, which has been successful for many years in the field of operating systems. This approach makes critical competencies available on a global scale and enables more efficient develop-ment and operating models.

Continue

The FinTechs appearing for several years in the market for financial services are characterized by a central mechanism: They access a new, promising aspect of current technologies thus realizing a specific aspect of the wide range of financial services and formulating this offer in the context of higher-level, mostly digital value chains.

Continue

The strategies of the largest e-commerce organizations extend far beyond pure merchandising. Amazon, eBay, Otto, and the Chinese company Alibaba offer comprehensive solutions that enable not only the exchange of goods across trade platforms and market places, but also the storage and transport of goods as well as methods of payment. Payment services particularly stand out among these elements, as their role has changed from supporting merchandising to being an independent driver of growth for these businesses.

Continue

It’s not news to anyone that innovative developments in the financial services market have an impact on the payment transactions segment. While six months ago the market was being flooded by attachable devices for smartphones and tablets, followed by the introduction of multiple apps targeting the payment transactions at supermarket tills, the next wave of developments already seems to be heading our way, only this time, the main initiators are actors who are rather new participants in the field of innovation: the banks.

Continue

The (N)Onliner-Atlas/D21-Digital-Index published last week shows the development of digitalization in German society for the years 2012 and 2013. While 75.6% of the population was online in 2012, in 2013 it is now 76.5%. While the degree of internet usage continues to rise, the increases since the beginning of data collection in 2001 have been minimal.

Continue